The price per share is $17.16.
Yes, the minimum investment is $995.28, or 58 shares.
You can view our offering circular at the link below
Before crowdfunding, startups were limited to raising capital through friends & family, accredited investors ($200k+ annual income or $1mm+ net worth), and traditional venture capital rounds. Passed in 2012, the Federal JOBS Act opened up the US for true equity crowdfunding by allowing non-accredited investors to invest in private companies. The SEC has three major types of crowdfunding, all of which allow for general and online solicitation:
Regulation CF: Companies can raise up to $5mm from unaccredited investors*
Regulation D: Companies can raise unlimited money from accredited investors*
Regulation A: Companies can raise up to $75mm from the general public, including institutional investors*
We believe equity crowdfunding represents the democratization of venture investing and we want the general public to have access to invest in Flippy, in our team, and in our technology!
*You can read more about the JOBS Act on the SEC's website here.
Currently there is no market or liquidity for these securities. Right now Miso Robotics does not plan to list these securities on a national exchange or another secondary market. At some point Miso Robotics may choose to do so, but until then you should plan to hold your investment for a significant period of time before a “liquidation event” occurs. A “liquidation event” is when Miso Robotics either lists their securities on an exchange, is acquired, or goes bankrupt.
No, you do not. The offering is open to both US citizens and non-US citizens, including overseas investors.
Yes, you can certainly add to your investment. Please note that any investment in this round will need to be made at the round’s minimum investment amount of $995, regardless of any previous investments.
The offering is open to both accredited and non-accredited investors.
The Company plans to use the funds for the following purposes:
The offering will terminate at the earlier of: (1) the date at which the maximum offering amount has been sold, (2) the date which is one year from this offering being qualified by the Commission, or (3) the date at which the offering is earlier terminated by the company in its sole discretion.
Miso was born out of a bet between two friends. Buck Jordan suggested to his co-founder John Miller that it should be possible to create a robot to complete the dull, highly repetitive tasks often integral in the fast food industry. John, founder of international burger chain CaliBurger, challenged Buck that if he could create a robot to flip burgers, he would invest and put them in his CaliBurger restaurants. Within two months they had a functional prototype. And the rest, as they say, is history.
Miso has one issued patent (USD858599S1) and one patent that has been issued a notice of allowance. The Company has 12 patents pending, with five of them open to the public (WO2018165105A1, WO2018165038A1, US20180345485A1, US20190176338A1, US20190321989A1).
We believe Flippy will work well alongside kitchen workers, and our focus is to supplement existing labor in kitchens versus just replacing labor. However, the kitchen of the future is changing and contactless kitchens will become even more prevalent, and we believe we are well positioned to ride this trend.
If you are interested in purchasing Flippy, please reach out to email@example.com
In October 2020 White Castle and Miso Robotics announced plans to expand implementations of Miso’s autonomous kitchen assistant, Flippy. Miso and White Castle will target up to 10 new locations as part of a beta rollout of Flippy to White Castle’s North American restaurants. We are also in communication with nearly every major QSR chain.
Flippy has been developed to be able to work in a variety of kitchen layouts.
While it is still too early for us to know how our long-term projections will change due to the COVID-19 pandemic, we continue to take just as many calls from QSR chains and other food service, despite all of the current economic uncertainty. The definition of the "Kitchen of the Future" is changing given all of the renewed public health and safety concerns, and we believe we are at the forefront of this trend. We recently announced a partnership with Caliburger and PopID to implement new tools to improve health and safety standards in commercial kitchens and we are working on a few new partnerships and customers that will further our position as a leader in kitchen and restaurant tech.
Flippy focuses on doing the kitchen jobs that many workers don't want to do; with Flippy powering our customers' kitchens, it will result in more consistently cooked food and will allow employees to focus on more value added tasks, including customer service.