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GET A PIECE OF NUEYES
Wearable Technology of the Future
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REASONS TO INVEST
TEAM
Mark Greget • Founder and CEO
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Trevor Backlin • Executive VP
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Regina Chatman • SVP Sales/Marketing
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ABOUT
HEADQUARTERS
120 Newport Center Drive #232
Newport Beach, CA 92660
WEBSITE
View Site
TERMS
NuEyes
Overview
PRICE PER SHARE
$43
DEADLINE
May. 1, 2021 at 6:59 AM UTC
VALUATION
$25M
FUNDING GOAL
$10K - $1.07M
Breakdown
MIN INVESTMENT
$258
MAX INVESTMENT
$106,984
MIN NUMBER OF SHARES OFFERED
232
MAX NUMBER OF SHARES OFFERED
24,882
OFFERING TYPE
Equity
SHARES OFFERED
Class A Common Stock
Maximum Number of Shares Offered subject to adjustment for bonus shares
COVID Relief
This offering is being conducted on an expedited basis due to circumstances relating to COVID-19 and pursuant to the SEC’s temporary regulatory COVID-19 relief set out in Regulation Crowdfunding §227.201(z).
Expedited closing sooner than 21 days
In reliance on Regulation Crowdfunding §227.303(g)(2) A funding portal that is an intermediary in a transaction involving the offer or sale of securities initiated between May 4, 2020, and February 28, 2021, in reliance on section 4(a)(6) of the Securities Act (15 U.S.C. 77d(a)(6)) by an issuer that is conducting an offering on an expedited basis due to circumstances relating to COVID-19 shall not be required to comply with the requirement in paragraph (e)(3)(i) of this section that a funding portal shall not direct transmission of funds earlier than 21 days after the date on which the intermediary makes publicly available on its platform the information required to be provided by the issuer under §§227.201 and 227.203(a).
Launching without financial statements
In reliance on this relief, this offering has been launched without the required financial information. The financial information required by this offering that has been omitted is not currently available and will be provided by an amendment to the offering materials;
Once the required financial information has been made available by amendment, each investor should review the complete set of offering materials, including previously omitted financial information, prior to making an investment decision;
Furthermore, no investment commitments will be accepted until after such financial information has been provided.
*Maximum Number of Shares Offered subject to adjustment for bonus shares. See Bonus info below.
Company Perks
Time-Based Perks
Friends and Family - First 72 hours | 15% bonus shares
Super Early Bird - Next 72 hours | 10% bonus
Early Bird Bonus - Next 7 days | 5% bonus shares
Volume Based Perks
$1,000+
Investment
NuEyes T-shirt and Mug
$2,000+
Investment
NuEyes T-shirt and Mug, 20% discount on all products.
$5,000+
Investment
NuEyes T-shirt and Mug , 5% bonus shares, complimentary Pro 3 or e2+
$10,000+
Investment
NuEyes T-shirt and Mug ,10% bonus shares,complimentary Pro 3 or e2+, phone call with CEO to discuss future products. "You can change the world with us"!
$25,000+
Investment
NuEyes T-shirt and Mug , 20% bonus shares, your choice of (2) Pro 3's or e2+s. Tour of NuEyes Offices and lunch with the CEO and Founder.
*All perks occur when the offering is completed.
The 10% StartEngine Owners' Bonus
NuEyes will offer 10% additional bonus shares for all investments that are committed by investors that are eligible for the StartEngine Crowdfunding Inc. OWNer's bonus.
This means eligible StartEngine shareholders will receive a 10% bonus for any shares they purchase in this offering. For example, if you buy 100 shares of Class A common stock at $ 43 / share, you will receive 110 shares of common stock, meaning you'll own 11 shares for $430. Fractional shares will not be distributed and share bonuses will be determined by rounding down to the nearest whole share.
This 10% Bonus is only valid during the investors' eligibility period. Investors eligible for this bonus will also have priority if they are on a waitlist to invest and the company surpasses its maximum funding goal. They will have the first opportunity to invest should room in the offering become available if prior investments are canceled or fail.
Investors will only receive a single bonus, which will be the highest bonus rate they are eligible for.
Voting Proxy. Each Subscriber shall appoint the Chief Executive Officer of the Company (the “CEO”), or his or her successor, as the Subscriber’s true and lawful proxy and attorney, with the power to act alone and with full power of substitution, to, consistent with this instrument and on behalf of the Subscriber, (i) vote all Securities, (ii) give and receive notices and communications, (iii) execute any instrument or document that the CEO determines is necessary or appropriate in the exercise of its authority under this instrument, and (iv) take all actions necessary or appropriate in the judgment of the CEO for the accomplishment of the foregoing. The proxy and power granted by the Subscriber pursuant to this Section are coupled with an interest. Such proxy and power will be irrevocable. The proxy and power, so long as the Subscriber is an individual, will survive the death, incompetency and disability of the Subscriber and, so long as the Subscriber is an entity, will survive the merger or reorganization of the Subscriber or any other entity holding the Securities. However, the Proxy will terminate upon the closing of a firm-commitment underwritten public offering pursuant to an effective registration statement under the Securities Act of 1933 covering the offer and sale of Common Stock or the effectiveness of a registration statement under the Securities Exchange Act of 1934 covering the Common Stock.
ALL UPDATES
04.20.21
NuEyes Targets Gaming and Entertainment with Pro 3e
We are thrilled to announce the launch of the Pro 3e. These lightweight AR smart glasses are targeting customers for “light” enterprise use cases as well as the gaming and entertainment space. The Pro 3e are the first pair of AR smart glasses that are 5G ready and are the only smart glasses that are truly plug and play via its Type C plug to smart devices, like the Samsung S20. Please see press release below.
04.12.21
NuEyes and the Pro3e Featured in VR Worth Tech!
We would like to thank Mark Dugdale for featuring NuEyes and the Pro3e in his latest featured story! Please click on the link below to read the full story.
https://vrworldtech.com/2021/04/12/nueyes-targets-gaming-and-entertainment-with-pro-3e/
04.06.21
NuEyes is now a Samsung Ascend Partner!
In the coming days we will be announcing that NuEyes is a Samsung Ascend Partner. Partnering with Samsung will allow us to pair the Pro 3 and Pro 3e with various Samsung smart devices bring 5G to AR Smart Glasses.
04.05.21
Notice of Material Change in Offering
[The following is an automated notice from the StartEngine team].
Hello! Recently, a change was made to the NuEyes offering. Here's an excerpt describing the specifics of the change:
NuEyes has added their financials
When live offerings undergo changes like these on StartEngine, the SEC requires that certain investments be reconfirmed. If your investment requires reconfirmation, you will be contacted by StartEngine via email with further instructions.
03.26.21
Trevor Backlin (NuEyes Executive VP) joins panel to give talk on "The Future of Augmented Reality and AI"
We have some exciting news coming up next week! Please join our Executive VP Trevor Backlin for his panel discussion on The Future of Augmented Reality and AI. To register for this online event please click on the link below.
03.15.21
Testing on the Pro 3 G has Begun!
Using AR for gaming is right around the corner! Have you ever thought what the smart glasses would look like? We have, and are excited to be testing out our new Pro 3 G. In the coming months we will be announcing our low-cost solution for gamers with some exciting partnerships attached to them.
03.10.21
Step by Step Instructions in 4K with the Pro 3 AR Smart Glasses
Simple step by step instructions using images and text on the Pro 3 AR smart glasses.
03.08.21
Updated Pro 3 User Experience with Voice Commands
We are excited to show off our updated Pro 3 UI on the Samsung Galaxy s20. Simply plug in your Pro 3 AR smart glasses to your phone or tablet and enjoy a handsfree experience!
02.16.21
xfinity stream gets a BIG update on the e2 and e2+
We are happy to announce that xfinity stream has been updated on the e2 and e2+. The update includes improved video quality, faster response time on the stream guide, as well as reduced buffer time.
02.12.21
Pro 3 Packaging Arrives!
Our Pro 3 sample packaging arrived today! Another step in the right direction for our upcoming launch!!
REWARDS
Venture Club
Venture Club Members earn 10% bonus shares on top of this and all eligible investments for an entire year. Not a member? Sign up at checkout ($275/year).
$1,000
First Tier
NuEyes T-shirt and Mug
$2,000
Second Tier
NuEyes T-shirt and Mug, 20% discount on all products.
$5,000
Third Tier - 5% bonus shares
NuEyes T-shirt and Mug , 5% bonus shares, complimentary Pro 3 or e2+
$10,000
Fourth Tier - 10% bonus shares
NuEyes T-shirt and Mug ,10% bonus shares,complimentary Pro 3 or e2+, phone call with CEO to discuss future products. "You can change the world with us"!
$25,000
Fifth Tier - 20% bonus shares
NuEyes T-shirt and Mug , 20% bonus shares, your choice of (2) Pro 3's or e2+s. Tour of NuEyes Offices and lunch with the CEO and Founder.
JOIN THE DISCUSSION
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Marcus Backget
4 years ago
Tom F. exactly 43.00 per share is not good value for investors especially when Vuzix has 100x revenue, more/ better products & lower share value & no competition from other vision impaired software companies & has been publicly audited. Imagine auditing this company. their product is just a more expensive version of nreal and also looks exactly like this knockoff chinese product https://www.pacificfuture.co/portal/index/amglass.html . Would urge invstors who are deciding to invest to compare this companies financials vs Vuzix #vuziiii
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Patrick S
4 years ago
Yeah Vuzix seems like such a great investment (sarcasm laid on thick) , $11.5M in sales in 2020 with a mere $1.9M in gross profit and a net loss of $17M, and not to mention an extremely high cost of goods at $9.6M in 2020 and over $7M in R&D alone. Seems like a steal of deal :) See full 2020 Financial Report here: https://ir.vuzix.com/news-events/press-releases/detail/1875/vuzix-reports-record-4q-and-full-year-smart-glasses-revenues
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tom fulloon
4 years ago
$43.00 per share?...Good luck
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Yecheskel federweis
4 years ago
How are we investors going to benefits? are you planning to raise more money and will we be able to sell our shares? or Do see an IPO in the near future?
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Yecheskel federweis
4 years ago
are you proud profitable? what is your earnings for the past 4 quarters (2020)? if not when you expect to become adjusted EBITDA? one more thing how many rounds of funding did you do already?
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Yecheskel federweis
4 years ago
hi I'm interested to invest, but I just looked over the recent filings and I see that the revenue went down the Most Recent Fiscal Year-end.is there a specific reason to it? also do you have any competition are you the only one in this industry/with this tech?
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Brad Hartford
4 years ago
Hi Mark, so sorry you have to deal with trolls from other companies. I wish I had the last 15 minutes back, but I did what Jack and Chris (same person?) suggested and while your technology shares some specs with that Chinese company, the glasses themselves are quite different - obviously so! Your product has an entirely different and more extensive control panel for example, and many of the specs are different (most of yours are better but a handful are "worse", and I only point that out because for the trolls to be right you'd have had to tell the Chinese company to please downgrade those specs before sending you the hardware). Of course some things like camera placement are similar since there is an optimal place for the camera to be placed and field of vision is the same because that is what those cameras do (no one expects that you invested and manufactured every component from scratch). Finally, so much of what they/he said shows an incredible lack of business sophistication - for example, that the cost of a share has anything to do with the company's value. Share price alone isn't a measure of anything - it's share price x number of shares that matters. You could have come in with a share price of $1 if you wanted to and had the same valuation. (Microsoft shares sell for 1/8 the price of Google despite Microsoft being 50% larger.) Best of luck. I hope people who read those other comments do their own research.
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Jack greg
4 years ago
Your $43 a share is a lot higher than Vuzix $9 / share- yet Vuzix has more products, more revenue , more patents and a bigger customer base than you. What’s the reason you view yourselves as nearly 7 times as valuable? from financial perspective doesn’t make much sense right
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Fraser Bowie
4 years ago
Great news with the Unity Partnership today. Excited to see the focus to provide your customers with a full solution. Enterprises will only benefit from having one place to go for hardware, software, and creation platforms. Eliminating the distraction of multiple vendors will help them focus on the use cases and realize the benefits of XR sooner.
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HOW INVESTING WORKS
Cancel anytime before 48 hours before a rolling close or the offering end date.
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FAQS
With Regulation A+, a non-accredited investor can only invest a maximum of 10% of their annual income or 10% of their net worth per year, whichever is greater. There are no restrictions for accredited investors.
With Regulation Crowdfunding, non-accredited investors with an annual income or net worth less than $124,000 are limited to invest a maximum of 5% of the greater of those two amounts. For those with an annual income and net worth greater than $124,000, they are limited to investing 10% of the greater of the two amounts.
At the close of an offering, all investors whose funds have “cleared” by this time will be included in the disbursement. At this time, each investor will receive an email from StartEngine with their Countersigned Subscription Agreement, which will serve as their proof of purchase moving forward.
Please keep in mind that a company can conduct a series of “closes” or withdrawals of funds throughout the duration of the campaign. If you are included in that withdrawal period, you will be emailed your countersigned subscription agreement and proof of purchase immediately following that withdrawal.
StartEngine assists companies in raising capital, and once the offering is closed, we are no longer involved with whether the company chooses to list shares on a secondary market or what occurs thereafter. Therefore, StartEngine has no control or insight into your investment after the close of the live offering. In addition, we are not permitted to provide financial advice. You may want to contact a financial professional to discuss possible investment outcomes.
For Regulation Crowdfunding, investors are able to cancel their investment at any point throughout the campaign up until 48 hours before the closing of the offering. Note: If the company does a rolling close, they will post an update to their current investors, giving them the opportunity to cancel during this timeframe. If you do not cancel within this 5-day timeframe, your funds will be invested in the company, and you will no longer be able to cancel the investment. If your funds show as ‘Invested’ on your account dashboard, your investment can no longer be canceled.
For Regulation A+, StartEngine allows for a four-hour cancellation period. Once the four-hour window has passed, it is up to each company to set their own cancellation policy. You may find the company’s cancellation policy in the company’s offering circular.
Once your investment is canceled, there is a 10-day clearing period (from the date your investment was submitted). After your funds have cleared the bank, you will receive your refund within 10 business days.
Refunds that are made through ACH payments can take up to 10 business days to clear. Unfortunately, we are at the mercy of the bank, but we will do everything we can to get you your refund as soon as possible. However, every investment needs to go through the clearing process in order to be sent back to the account associated with the investment.
Both Title III (Regulation Crowdfunding) and Title IV (Reg A+) help entrepreneurs crowdfund capital investments from unaccredited and accredited investors. The differences between these regulations are related to the investor limitations, the differing amounts of money companies are permitted to raise, and differing disclosure and filing requirements. To learn more about Regulation Crowdfunding, click here, and for Regulation A+, click here.
Jonathan Scheele
4 years ago
After reading the offering, I came to the comments section for insightful inquiries. Unfortunately, many of the earlier comments below are made by people who lack an understanding of how companies are valued, and they are conflating share price with valuation. If you believe a company's share price is a direct reflection of its valuation, you need to spend more time researching the basics of company valuation and less time on this site wasting the time of people who doing real work and real investing. Mark, I wish you the best of luck in what you are doing. Indeed, the future is AR/VR and wearable tech, and I am betting on every pony I can get access to. Your patience with the clowns below is commendable. Respectfully, Jonathan
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