Purism is a Social Purpose Corporation and is now offering the opportunity to invest toward bettering technology for humanity. Each dollar invested advances the social purpose mission of Purism, which in turn directly advances freedom respecting hardware, software, and services.
If you believe in creating a technological future that respects people, know that convenient products are instrumental to create that future, and would like your funds to both earn you money while creating that ideal future, this opportunity is perfect for you.
Purism is not a typical corporation, it is incorporated as a Social Purpose Corporation (SPC), which means its mission in all decisions must advance toward a future that creates technologies that fully respect the civil liberties of humanity.
The investment offering in Purism, SPC is a simple and effective private placement, whereby your funds are immediately recorded onto the Purism capitalization table and you become a shareholder of Purism, SPC.
We will use the investment funds for general working capital, including inventory purchasing as well as continuing development of all our freedom respecting revolutionary hardware and software.
Your investment amount in shares and confirmation will be visible in My Account on the Purism shop.
If a United States citizen the investor is stating to be an accredited investor according to Rule 501 under the Securities Act of 1933. If not a United States citizen there no accredited investor restriction to invest.
Upon investment and funds being received you are agreeing to the terms of the Purism_SPC_-_Subscription_Agreement.
To ask questions regarding the terms and conditions of the offering or any additional information necessary email ir@puri.sm
Yes, as stated above; the terms you agree to are the Purism_SPC_-_Subscription_Agreement.
Private Placement via Subscription Agreement allows you to purchase shares privately and directly via Purism and upon receipt of funds become a shareholder and recorded into the capitalization table (captable) of Purism.
For US Citizens, this is a good faith requirement, since there is no way for Purism to validate your accredited investor status, by investing you are stating you are an accredited investor that is defined as meeting any one of the following: earned income that exceeded $200,000 (or $300,000 together with a spouse or spousal equivalent) in each of the prior two years, and reasonably expects the same for the current year; OR has a net worth over $1 million, either alone or together with a spouse or spousal equivalent (excluding the value of the person’s primary residence); OR holds in good standing a Series 7, 65 or 82 license; OR any trust, with total assets in excess of $5 million, not formed specifically to purchase the subject securities, whose purchase is directed by a sophisticated person; OR certain entity with total investments in excess of $5 million, not formed to specifically purchase the subject securities; OR any entity in which all of the equity owners are accredited investors.
This is considered middle stage investment, in a growth stage technology company, whereby you desire to invest early enough and see all the upside of holding that investment for quite awhile, returns may include valuation growth, dividend payments, IPO, stock buy-back, or acquisition. This process is typically measured in years, and should not be considered a short-term investment.
No, one of the easy things about private placement via subscription agreement is that they are automatically recorded into equity and added to our capitalization table (captable). You will be notified—via email—as well as have a receipt in the My Account area.
Yes, Purism posts to its website regular blog posts about company progress, that is the definitive source for updates. In addition, there is a semi-regular text email newsletter for investors sent to a list that you will be automatically subscribed to (and can unsubscribe if desired).
$500 USD.
$10,000,000 USD.
Over $80,000,000 USD.
General working capital including inventory procurement, research and development, and generally advancing our social purpose.
Yes, while this is not a public offering, it is an offering to friends, supporters, and their friends and supporters. We will not be offering this to any other groups besides our supporters and customers directly, we also will not be linking to this campaign from our site nor forums, but you are more than welcome to share that in your personal capacity or on your personal social media outlets. We desire to extend the offer—and its potential return—to those that are supportive of our Social Purpose movement and whom know the value that Purism brings.
Yes, the private placement has language to allow any individual to invest.
Yes, to ask questions regarding the terms and conditions of the offering or any additional information necessary email ir@puri.sm