BeautyKind Launches New Crowdfunding Initiative
Brand Receives Approval for Regulation A+ Initial Public Offering
Press Release – NEW YORK, April 21, 2016 /PRNewswire/ — BeautyKind, an online retailer where consumers can shop prestige beauty brands while raising funds for charitable causes, announced that the Securities and Exchange Commission has qualified its Regulation A+ Initial Public Offering (IPO) to raise up to $10 million, allowing the general public to invest and help support the brand’s growth. Shares of BeautyKind’s common stock are expected to start trading on OTCQX following the termination of the offering.
People can visit BeautyKind’s landing page on WR Hambrecht + Co to read more about the offering circular, view videos about the brand, and can also register to invest by clicking on the INVEST NOW! button, which is now live and open to the general public.
“Regulation A+ provides a way for individuals to own a piece of BeautyKind directly, in order to help fuel its new ventures and overall brand development,” said BeautyKind Founder and CEO, Hil Davis. “We’re excited to offer investment opportunities that not only reach our customers, but also a wider audience, and look forward to taking this pivotal next step in the brand’s lifecycle.”
Regulation A+ allows entrepreneurs to raise funds quickly through both accredited investors who are typically high net worth individuals and/or institutions, and non-accredited investors who are everyday individuals who are interested in opportunities to invest in the brand.
“This fundraising initiative allows us to expand our brand ownership to anyone and everyone, and not just accredited investors, especially at such an early stage in our growth,” added Davis.
BeautyKind recently launched a series of new initiatives and activations, including its first national broadcast advertisement, which aired in March. The brand was present at this year’s SXSW, and is set to make its debut at the WWD Beauty CEO Summit on May 9 – 11. Funds raised will help launch a mobile app where customers can easily restock their favorite products, while also learning beauty tips and tricks through a personalized online beauty experience.
Szaferman Lakind Blumstein & Blader, PC is acting as counsel to BeautyKind and Morgan, Lewis & Bockius LLP is acting as counsel to WR Hambrecht + Co in this transaction.
Launched In November 2014, BeautyKind is an online beauty retailer with charitable giving at its core. Customers can shop their favorite beauty, hair, fragrance and skin care brands, while directing 5% of every purchase to causes of their choice, whether that is a local cause or a national organization. The BeautyKind Ambassador Program provides additional incentives to individual customers by rewarding them and their referrals for purchasing BeautyKind products while benefiting the charities of their choice. To learn more, please visit BeautyKind.
About WR Hambrecht + Co
WR Hambrecht + Co was founded in January 1998 to level the playing the field for investors and corporate clients. Like its predecessor firm, Hambrecht & Quist, WRH+Co seeks to identify high prospect growth-stage companies, and then enable access to the capital necessary to fund development, marketing and infrastructure so that these companies can achieve their full potential. WRH+Co’s Regulation A+ strategy is a continuation of Bill Hambrecht’s legacy of conducting small public offerings for what were once considered high-risk start-ups that are now household names and Fortune 500 companies.
The offering is being made only by means of an offering circular. An offering statement on Form 1-A relating to these securities has been filed with the Securities and Exchange Commission and has become qualified. You may obtain a copy of the most recent version of the preliminary offering circular by clicking on the following link: https://www.wrhambrecht.com/ipos/beautykind-holdings-inc-regulation-a-ipo/
This press release shall not constitute an offer to sell or the solicitation of an offer to buy, nor shall there be any sale of these securities in any state or jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction.
No money or other consideration is being solicited in connection with this press release, and if sent in response, will not be accepted. Any offer to buy the securities may be withdrawn or revoked, without obligation or commitment of any kind, at any time before notice of its acceptance is given after the qualification date.
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