Republic Note

Republic Note

Early Stage

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

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

Overview

Funding data not publicly available
Platform

Republic

Start Date

08/02/2024

Close Date

08/22/2024

Max. Goal
$230,000
Min. Investment

$0

Security Type

Equity - Common

SEC Filing Type

RegCF    Open SEC Filing

Price Per Share

$0.01

Year Founded

2019

Industry

Financial & Insurance Products & Services

Tech Sector

Fintech

Location

New York, New York

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 investors a share of 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 282 million are circulating at launch. Kendrick Nguyen, Paul Menchov, and Peter Green founded Republic in 2016. The current crowdfunding campaign has a minimum target of $1 and a maximum target of $230,000. The issuer does not expect any significant proceeds from the offering; hence, there is no use for proceeds.

Summary Profit and Loss Statement

FY 2023 FY 2022

Revenue

$667,398

$1,630,846

COGS

$0

$0

Tax

$0

$0

 

 

Net Income

$-3,171,361

$720,040

Summary Balance Sheet

FY 2023 FY 2022

Cash

$125,290

$952,873

Accounts Receivable

$15,000

$0

Total Assets

$15,082,818

$13,626,121

Short-Term Debt

$17,649,291

$30,388,407

Long-Term Debt

$0

$0

Total Liabilities

$17,649,291

$30,388,407

Financials as of: 08/02/2024
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Raise History

Offering Name Close Date Platform Valuation Total Raised Security Type Status Reg Type
Republic Note 08/22/2024 Republic - - Equity - Common Funded RegCF
Republic Note 11/02/2023 Republic - $824,522 Revenue Share Funded RegD 506(c)
Republic Note 04/30/2023 Republic - $2,020,811 Revenue Share Funded RegCF
Republic Note 02/28/2023 Republic - $3,000,000 Revenue Share Funded RegCF
Republic Note 02/28/2023 Republic - - Revenue Share Funded RegD 506(c)
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Revenue History

Note: Revenue data points reflect the latest of either the most recent fiscal year's financials, or updated revenues directly from the founder, at each raise's close date.

Valuation History

Price per Share History

Note: Share prices shown in earlier rounds may not be indicative of any stock splits.

Employee History

Funding data not publicly available

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Republic Note on Republic 2024
Platform: Republic
Security Type: Equity - Common
Price per Share: $0.01

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