Dear Existing and Potential Investors,
I am pleased to report that over $375,000 in promissory notes has been committed to Wind Harvest's subsidiary WHPP Inc. via the Wefunder crowdfunding platform. Thank you to everyone who has invested and helped make this happen!
On December 11th, in a first close, 92.5% of what is in escrow will be wired to WHPP. On Monday, December 14th, those funds will be loaned to Wind Harvest and on the 15th, a wire will be sent to Weissenborn A/S in Denmark so they can start manufacturing one Wind Harvester v3.1. This is the model that will allow us to complete the pilot project step in the technology readiness level process -TRL 7.
It is in all our interests to bring in as many investors as we can before December 11th so that we have adequate capital to advance our work (see the budget below) while we bring more people to the offering and prepare for the second close 2-3 months from now.
You can help by introducing us to any in your network who are interested in supporting companies working to reverse global warming. We are happy to talk with them or you. Use the email below to request a time to visit.
Here is additional Wind Harvest company news.
I am also pleased to share the news that Wind Harvest shareholders just elected me to represent the Series A preferred shareholders on our Board of Directors. Cornelius Fitzgerald and Kevin Wolf will represent the Common Shareholders on what is now a three-person board. We anticipate that new members will be added when the Series B round is completed at the end of next year. I am happy to bring my experience and support of Wind Harvest's vision to help in this next year of transition and growth.
Thank you for spreading the word and telling people about the opportunity to bring Wind Harvest's technology to the world to double the yield and energy output of 20% of the world's wind farms.
President - WHPP
Board member - Wind Harvest International Inc.
Simpson Ridge Wind Farm with full buildout of Wind Harvesters, projected for 2023.
Wind Harvest Crowdfunding/506c Budget - $2 Million
Updated: 19 November 2020
Note that the total possible capital raise in this offering is $3M. This budget is focused on completing Technology Readiness Levels 7 and 8 for Wind Harvesterturbines. Capital raised above these amounts will allow Wind Harvest to move more quickly through the process, advance more projects and in general, be in a better position to negotiate a solid Series B round of capital. If less capital is raised, then expenditures such as a second v3.2 turbine will not be made. The more capital raised now, the better it is for all new investors because their risk decreases and the upside in the value of their share of Wind Harvest's equity increases.
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