In late August, LPPFusion sold the last shares from its fourth stock offering, completing the raising of $2 million in capital. The share offering was initiated in June, 2011 when 20,000 shares were offered at $100 a share. During the four years of this offering, LPPFusion also sold out a fifth special offering for $250,000, and raised $180,000 through its Indiegogo crowdfunding effort. Over these years, the rate of funding has increased, with total funds raised per year doubling for the period since January 2014 as compared with the prior period. LPPFusion credits this increase to the added visibility of our work due to the release of an independent review of our work, our greatly improved website, and the publicity generated in association with the crowdfunding
“We want to give our sincere thanks to our more than 80 investors for the confidence they have placed in our project to develop a clean, safe and economical source of energy,” said LPPFusion President and Chief Scientist Eric Lerner.
The LPPFusion Board of Advisors will soon decide on the terms of a new stock offering to fund the company on an expanded scale in the coming years. In accordance with US SEC regulations, shares will only be available to US citizens and to those living in the US who qualify as “accredited investors”, and will be available to all others in accordance with regulations in their countries.