Issuer:
Land Betterment Corporation, an Indiana Benefit Corporation
Amount:
Up to $10,000,000
Structure:
Common Stock with Warrants
Minimum Investment:
$25,000, unless waived by Company.
Warrant Coverage:
100% warrant coverage at an exercise price equal to $10.00 per share with a 2-year term.
Pre Money Valuation:
$50,000,000 (6.5x Next Years EBITDA)
IPO:
Company commits to filing S1 for IPO within six months post closing round.
Registration Rights:
Piggyback registration rights with the IPO round.
Uses:
Executive team expansion;
Environmental Services Revenue Expansion;
Sustainable Development Business Line Expansion;
IPO Process;
General Corporate and Working Capital
* Summary of key terms is for illustration purposes only. Please refer to subscription documents for details as terms may be altered and contain additional or modified details.