Republic Note

Growth Stage

Republic's own digital security: a profit-sharing instrument with finite supply

Overview

Raised to Date: Raised: $3,000,000

Total Commitments ($USD)

Platform

Republic

Start Date

02/07/2023

Close Date

02/28/2023

Min. Goal

$600,000

Max. Goal

$3,000,000

Min. Investment

$60

Security Type

Equity - Tokens

Series

Pre-Seed

SEC Filing Type

RegCF    Open SEC Filing

Price Per Share

$0.12

Venture Capital Investors:

Rolling Commitments ($USD)

Status
Funded
Reporting Date

03/05/2023

Days Remaining
Funded
% of Min. Goal

500%

% of Max. Goal

100%

Likelihood of Max
Funded
Avg. Daily Raise

$142,857

# of Investors

1,177

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

Location

New York, New York

Business Type

High Growth

Company Website

Republic Note is raising funds on Republic. 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. Kendrick Nguyen, Paul Menchov, and Peter Green founded Republic in 2016. The current crowdfunding campaign has a minimum target of $600,000 and a maximum target of $3 million. The campaign proceeds will be used for growth and expansion.

Summary Profit and Loss Statement

Most Recent Year Prior Year

Revenue

$1,629,853

$109,520

COGS

$0

$0

Tax

$0

$0

 

 

Net Income

$-4,381,248

$-11,670,080

Summary Balance Sheet

Most Recent Year Prior Year

Cash

$3,753,009

$3,486,798

Accounts Receivable

$309,104

$13,236

Total Assets

$13,365,923

$7,158,794

Short-Term Debt

$6,660,782

$316,937

Long-Term Debt

$0

$0

Total Liabilities

$6,660,782

$316,937
Financials as of: 02/07/2023
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Raise History

Offering Name Close Date Platform Valuation/Cap Total Raised Security Type Status Reg Type
Republic Note 02/28/2023 Republic - $3,000,000 Equity - Tokens Funded RegCF
Republic Note 02/28/2023 Republic - $0 Equity - Tokens Funded RegD 506(c)
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Republic Note on Republic 2023
Platform: Republic
Security Type: Equity - Tokens

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