Question 1

How do I invest if I am a UK resident?

Accepted Answer

Hi Robert! Wefunder has a handy guide. It looks pretty straightforward, but please let us know if you run into any trouble. https://help.wefunder.com/154992-linked/international-investor-guide

Question 2

Is there a term sheet/offer agreement? What is the exit strategy? Timeframe for a liquidation event?

Accepted Answer

Hi Michael! We don't have a term sheet finalized yet because we're still in the testing the waters phase, but the basic proposed terms are right underneath the reservation box. As to exit strategy and timeline — there is a lot of M&A activity in media and if our projections prove to be reasonably accurate (we have a lot of data on them, but you can't ever predict the future), we could be receiving very strong offers in 2 - 4 years. But also if our models are correct, given the estimated s...

Question 3

is the priced round still $22.5M pre-money valuation or did that pass? it still shows it on the site, but not in the form.

Accepted Answer

We are still working with our lead investor to determine the final terms. The pre-money valuation you're referring to reflects the potential 10% discount that would be offered to early bird investors. This discount will be offered on a first come, first serve basis once we file the paperwork with the SEC (per SEC rules). By reserving your investment now, you would be the first to get access to claim these terms.

Question 4

Am I investing (i.e. purchasing shares in the company) or just supporting the company?

Accepted Answer

You would be investing to purchase shares and own real equity in Fragment. We expect this to be a priced round (not just a SAFE), and the full terms will be determined once we file the paperwork with the SEC. At that point, you will have an opportunity to confirm your investment. Reserving your investment now while there’s still space in our early bird allocation means you’ll have the first shot at claiming them once our paperwork is filed.

Question 5

So by investing 250 or 500 what r benefits to me

Accepted Answer

You would be investing to purchase shares and own real equity in Fragment, which means your investment could grow over time as our company grows. You’re also backing a mission-driven media company committed to scaling independent journalism through a reader-first model. Every investment, starting at $250, also unlocks the first investor perk - an invitation to our Annual Shareholder Meeting. Reserving your investment now while there’s still space in our early bird allocation means you’ll have...

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