It is not clear what kind of security (common, preferred, other?) and what kind of rights the security will have (preference, dilution protection, etc.). Also, how was the pre-money valuation set? And how do you justify an estimated revenue of $523m in 2025 and over $4b 3 year...

What is being offered is Peferred Shares with liquidation preference as the preference of the shares. I agree it isn't clear in the wording, but we are in the 'Testing of the Waters' phase, and the complete terms are not part of the Wefunder platform at this stage. Our share price was at $5/share in April of 2023. We then got off the ground and our share price was changed to $10/share and we sold equity at that price up until we announced first flight publicly in November of 2023. Stock at th...

I've seen the updated designs for the Gen2 vehicle, with 2 propellers in the back. I am concerned that this revised design increases the number of moving parts (especially the folding propellers, which strike me as a very difficult engineering challenge), and overall complexit...

Dear Samuel, While the Switchblade flew well last fall, it failed to meet our benchmark for speed in flight. We went 125 mph on the ground so met our ground requirement for high performance in both modes. Our flight speed was not met, and the engineering team did a deep dive into why and found the original ducted fan engineer's design was not as capable as he claimed. So we weren't going to get to high performance in the air that direction and swiveled to find an approach that would meet that...

Samson Sky

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