Great question, Adam—happy to clarify! The $24M valuation you’re seeing now is part of a limited early bird phase, offered exclusively to our existing community. It's a way to let you invest at a relatively low valuation and co-invest alongside the strategic investors who just joined us (more to come on this tomorrow!). As noted on the page, the actual (non-discounted) valuation is $35M. This lightning round isn’t about raising more capital—it’s a thank you to our early supporters and a chance to stand shoulder to shoulder with our new strategic partners before our next major phase of growth. Big things ahead—we’re just getting started. Really appreciate your continued support!

Hi Tom, great to hear from you! Stay tuned for tomorrow’s news—exciting things ahead!!

Thanks Kenneth! Appreciate the support—more to come soon!

Great follow-up, Adam—happy to clarify! First and most importantly, the current valuation you’re seeing is based on what our newest strategic investors came in at. These aren’t just checks—they’re people with deep networks and operational experience who we believe can help us 100x the business. We carved out a small allocation at the same valuation they received, as a way to thank our community and give existing investors like you a chance to come in alongside them. Now, regarding the share price differences—it’s important to note that comparing the old StartEngine (SE) price to the current Wefunder (WF) discounted price isn’t apples to apples. On SE, the $1.61/share was the pre-discount price that almost no one actually paid, due to their tiered model. On WF, the $0.73/share is the fully discounted early bird rate. The actual non-discounted share price right now is $1.053. Beyond that, there are a few major reasons the price per share has changed: Since SE, we’ve converted over $4M in debt to equity, removing liabilities and strengthening the balance sheet—this increased the total number of shares and brought the per-share price down. We’ve also issued equity to bring on top talent with unicorn exits. Yes, that creates some dilution short term, but it positions us to drive massive long-term value. And overall, we’ve been consistently focused on growing the company’s total valuation, which is what VCs truly care about—not the individual share price in early-stage rounds. So while the share price may look different at a glance, it’s a result of positive, strategic steps we've taken to build a stronger, faster-moving company. And again, this current round isn’t about setting a new market valuation—it’s a limited opportunity to align with high-value partners and thank the community that got us here. Hope that gives a full picture—always happy to go deeper if you'd like!