Republic Note
Republic's own digital security: a profit-sharing instrument with finite supply
Overview
Raised: $824,522
Platform
Republic
Start Date
04/06/2023
Close Date
Not Provided
Min. Goal
$1,000
Max. Goal
$4,000,000
Min. Investment
$1,000
Security Type
Revenue Share
SEC Filing Type
RegD 506(c)
Status
Funded
Reporting Date
11/29/2023
% of Min. Goal
Funded
% of Max. Goal
Funded
Likelihood of Max
Funded
Avg. Daily Raise
$3,945
Momentum
Funded
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Year Founded
2019
Industry
Financial & Insurance Products & Services
Tech Sector
Fintech
Distribution Model
B2C
Margin
Medium
Capital Intensity
Low
Republic Note is raising funds on Republic through Reg D 506(c) raise. It is Republic’s own digital currency used as a profit-sharing instrument with the investors. Republic Note has a finite supply and gives the investors a share in the profit when selected Republic portfolio companies succeed. Whenever a company in which Republic has invested makes an exit, a portion of the cash proceeds accrues to Republic Notes, and distributions are made to the note holders when the accrual reaches $2 million. The total Republic Note supply is 800 million, of which 330-350 million are circulating at launch. Kendrick Nguyen, Paul Menchov, and Peter Green founded Republic in 2016. The current crowdfunding campaign has a maximum target of $4 million. The campaign proceeds will be used for growth and expansion.
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Raise History
| Offering Name | Close Date | Platform | Valuation/Cap | Total Raised | Security Type | Status | Reg Type |
|---|---|---|---|---|---|---|---|
| Republic Note | 11/01/2023 | Republic | - | $824,522 | Revenue Share | Funded | RegD 506(c) |
| Republic Note | 04/29/2023 | Republic | - | $2,020,811 | Revenue Share | Funded | RegCF |
| Republic Note | 02/27/2023 | Republic | - | $3,000,000 | Revenue Share | Funded | RegCF |
| Republic Note | 02/27/2023 | Republic | - | - | Revenue Share | Funded | RegD 506(c) |
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