![]() I wanted to keep these shares till IPO as energy drinks are a growing market but the pandemic and prolonged lockdown have messed up my plans.Īny useful tip would be greatly appreciated. 37,000+ Investments Closed 1. The shares are presently held in custody by Elegance Brands' transfer agent, KoreConX. I'm not an employee of Elegance Brands and authorization is NOT required from them to sell the shares. CBD has been shown to improve conditions like asthma, arthritis, depression, epilepsy, migraine and others and has no major side effect.Īccording to the company, this energy drink “combines ingredients that boost physical stamina and mental clarity with the wellness effects of 20mg Hemp CBD, delivering a balanced experience that optimizes performance throughout the day.”Įlegance Brands also offers a range of premium and luxury spirits brands. It has CBD (cannabidiol) which experts call a medical miracle. At EquityZen, we’re proud to have supported the expansion of the Accredited Investor definition, along with many others, by submitting a response to SEC’s call for comment. Minimum investment: 20,000 (10,000 for your first investment) Varies: 10,000: Fees: 5 upfront >5 upfront: 3 upfront, 10 carry: Time to close: 6-8 weeks: 3-5 days: 6-month investment period: Hold. You invest in a fund that actively sources shares in companies with limited equity. Gorilla Hemp does not contain THC, the addictive chemical which gives a high found in most cannabis plants. FebruInvestors Education EquityZen welcomes newly-qualified accredited investors to the private markets. You buy a fund position from an existing EquityZen investor. Its flagship brand, Gorilla Hemp CBD Energy Drink is infused with hemp. (Edit end)Įlegance Brands is a fast growing global beverage company with a focus on innovation. This will give me a total of 4000 shares of Elegance Brands. That means I can exercise the option to convert 2000 warrants to 2000 shares at 38 cents per share before Mar 04, 2022. The exercise or strike price of the warrant has also been reduced to 38 cents from 75 cents. ![]() So, instead of getting 1000 warrants from owning 2000 shares, I now have 2000 warrants. Update – Elegance Brands has since decreased the proportion of share to warrant from 2 shares for 1 warrant to 1 share for 1 warrant. 2000 shares of Elegance Brands give me the option to purchase 1000 warrants at 75 cents per warrant upon IPO, which can then be converted to an additional 1000 shares. Most provide no expectation of dividends, payments. ![]() at the issue price of 50 cents each early this year. As of June 2020, returns for the 250 companies offered have ranged between a 100 loss and a positive 450. With low investment minimums through our funds. I bought 2000 pre-IPO shares from Elegance Brands, Inc. EquityZen brings together investors and shareholders, providing liquidity to early shareholders and private market access to accredited investors. Does anyone know where I can sell pre-IPO shares? I've tried EquityZen, MicroVentures and Sharespost but they only deal in tech shares. ![]()
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