$1 Million (more or less) from Wefunder Equity CrowdfundingJune 27, 2018
LPPFusion’s Wefunder equity crowdfunding roared to a successful conclusion April 30, but we are still counting the money. With a huge influx of $191,000 in the final exciting day and another $90,000 in the rest of the final week, the campaign concluded with $1,031,000 in signed contracts from 451 investors. So far, Wefunder has collected $934,000 and passed along to LPPFusion $846,840 of this, after deducting a 4% commission. (Wefunder will also be getting a 3% commission in LPPFusion shares). Some of the collected money still needs additional paperwork. We don’t know for certain that all of the $100,000 still to be sent by investors will actually be collected. But we do know that we have basically achieved our maximum goal of $1 million.
Thanks so much to all of you who invested and to all who spread the word to friends and colleagues! This was a collective effort, but special credit goes to LPPFusion Director of Communications Ivy Karamitsos, who wrote and produced the Wefunder videos; to Torulf Greek, who volunteered his time to create amazing animations for the videos; to LPPFusion Systems Administrator Jose Varela, who assisted on all aspects of the campaign; and to our social media volunteers: Mark Klapheke, Warwick Dumas, and Ignas Galvelis.
We welcome our new investors to the LPPFusion effort. All of you will soon be receiving our share certificates by email and, as promised, you will be listed on a special page on our website. We are setting up a list-serve that will allow you to communicate and network with each other and all LPPFusion investors.
We now have the resources to devote our full attention to preparing for our beryllium experiments, and the hydrogen-boron experiments that will follow. We of course will continue to raise capital from accredited investors around the world through our ongoing Regulation D share offering, but we will now be raising money for our expenses in 2019, not for this year, which is now fully covered.