LPPFusion Crowdfunding on WefunderNovember 18, 2019
LPPFusion is again crowdfunding on the Wefunder website! Through the Wefunder site, anyone can now buy LPPFusion shares. We aim to raise a minimum of $400,000. That is what we need to get any of the money. Our maximum goal is the $1.07 million that we are allowed to raise under SEC regulations. As of noon, Nov. 18, we’ve already raised over $35,000.
This is your chance to help decide if and when fusion energy become reality. Humanity needs fusion to move forward.
The Powers That Be are not funding Focus Fusion—but you can. You can Flip the Power from them to us, from fossil to fusion.
Due to SEC regulations, we will only be accepting investments from 133 additional non-accredited investors through this crowdfunding. This limitation does not apply to accredited investors (those with $1 million in assets or $200,000 in income) nor to those who have invested in LPPFusion before. All of those investors may invest in this round. But we will only accept 133 new non-accredited investors.
This is because the SEC requires that companies with more than 500 non-accredited investors and $25 million in assets have a public offering—become listed on a stock market. We expect that in the course of our development phases, which requires a lot more capital than the present research phase, we will likely have more than $25 million in capital. But going to a public offering at that time, before we have a working prototype generator, will be a costly diversion. Instead we want to choose when we make a public offering. For that reason, we will not go over the 500 limit and we already have 367 non-accredited investors.
If more than 133 new non-accredited investors make offers to buy shares, we will have to reject some of these offers. Since everyone will be buying at the same price per share, we will chose the 133 who are buying the most shares. If we have to choose between people who are buying the exact same number of shares, we will chose those who put their money in first. So, if you do intend to invest, and have not invested in LPPFusion previously, there is a benefit to doing so promptly. You will, however, have the opportunity to change the number of shares you buy before we close. So far, 13 new non-accredited investors have invested, so slots are going fast!
We hope you will visit us on the Wefunder site!