Question 1

Where will my shares be able to be held? In an IRA or only in a brokerage account?

Accepted Answer

Hi Davina! Actually SAFEs are not held in either brokerage accounts or IRA. SAFEs are a "Simple Agreement for Future Equity," meaning that the amount and worth of the shares is determined at the next priced financing when the market will set the price of our preferred stock. Please see more details on how SAFEs operate here! help.wefunder.com/co…om_search=140529973

Question 2

If you meet your goal, what would each share be worth ?

Accepted Answer

Hi Doreen! The worth of the shares is determined at the next priced financing when the market will set the price of our preferred stock. If the company is valued at over 24M, the value of your shares will be worth more than what you may choose to invest today. Please see more info here! https://help.wefunder.com/contract/295248-safe?from_search=140529973

Question 3

It is mentioned for the Investor Perks for $500 "Receive the latest news and investor information from Melanin Haircare via our investor newsletter." How will others who invest less than $500 will be updated of the latest news and investor information? Will in the future the c...

Accepted Answer

Hi Pamela! We will continue to update here on WeFunder as well, for all of our investors, from $250 and up! We don't envision Melanin Haircare going public, however, you can never rule it out. Funding will be used for inventory and infrastructure! Thank you so much for your support!

Question 4

Is this investment for only US residents? I'm in Canada

Accepted Answer

Hi Ashley! The WeFunder platform does allow investors from all around the world, however there are a few exceptions which include the residents of the Canadian provinces of Alberta, British Columbia, Ontario, and Quebec, who are currently barred from investing on the platform at the request of those territories. For more information on who can invest, please see more info here! https://help.wefunder.com/investing/who-can-invest?from_search=142056179

Question 5

Hi, I do understand that the return amount on investment will affected greatly by the market demand for the products. What will be the payout frequency? What payment method will it be paid through- cheque, PayPal, US bank account, cc, etc. Also, can this investment open up the...

Accepted Answer

Happy Monday Dove! Thank you so much for your inquiry! With a SAFE there is no payout frequency - in the event of an IPO or sale, you would be paid out as an owner of the company! Regarding wholesale purchasing, we do not have a current plan to offer specialty pricing in the works. Please see more info here on SAFEs 101! https://wefunder.com/updates/139885-safes-101

Melanin Haircare

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