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CHRGR is offering securities under both Regulation D and Regulation CF through SI Securities, LLC ("SI Securities"). SI Securities is an affiliate of SeedInvest Technology, LLC, a registered broker-dealer, and member FINRA/SIPC. SI Securities will receive cash compensation equal to 5.00% of the value of the securities sold and equity compensation equal to 5.00% of the number of securities sold. Investments made under both Regulation D and Regulation CF involve a high degree of risk and those investors who cannot afford to lose their entire investment should not invest. Furthermore, the contents of the Highlights, Term Sheet sections have been prepared by SI Securities and shall be deemed broker-dealer communications subject to FINRA Rule 2210 (the “Excluded Sections”). With the exception of the Excluded Sections noted above, this profile contains offering materials prepared solely by CHRGR without the assistance of SI Securities, and not subject to FINRA Rule 2210 (the “Issuer Profile”). The Issuer Profile may contain forward-looking statements and information relating to, among other things, the company, its business plan and strategy, and its industry. Investors should review the risks and disclosures. The contents below are meant to be a summary of the information found in the company’s Form C. Before making an investment decision, investors should review the company’s Form C for a complete description of its business and offering information, a copy of which may be found both here and below.

% of Phones Charged 2+ Times Per Day

32%

Out of Home and Branded Premium Advertising Spend (2015)

$7.3B

  • Profitable in 2016 (second year of operations) with revenue increase of 3x and 10x year 3
  • Strategic partnerships in place with Lyft, Instagram, Live Nation, Red Bull, Sixpoint Brewery, Wolfgang Puck, Jetsmarter, and Vengo, among others;
  • 27M+ monthly impressions across the CHRGR network; each CHRGR device can generate 450 impressions over its life
  • CEO John Mullin is an experienced marketer having produced the marketing launch of Beats Music, leading the creative services team for Twitter Global Business Marketing, and serving as an executive producer at R/GA Interactive where he worked with clients such as Nike, Samsung, MasterCard, and A&E, among others
  • Amount raised:  
  • Close date:  
  • Indicated Interest:  
  • Raise Description:  Seed
  • Minimum Investment:  US $500 per investor
  • Security Type:  Crowd Note
  • Valuation Cap:  US $4,000,000
  • Offering Type:   Side by Side Offering

We produce card sized phone chargers that are brand sponsored and often distributed at no cost within our network of 1,500 venues nationwide.


The Mission & Vision

CHRGR has created the first piece of advertising you want to take home and use again. We distribute brand-sponsored, card-sized phone batteries through thousands of lifestyle venues nationwide. CHRGR fits in your pocket and immediately powers any iPhone or Android. 

The Problem

When you're out at events, and venues, charging means either tethering to an outlet, leaving your device unattended, or letting your phone die; and most of us don't carry an extra battery. 

On the advertising side, customers rarely engage with today’s physical advertisements, which have little to no repeat impressions or means to acquire and convert new customers.

The Solution

Introducing CHRGR, a service that provides inexpensive, and brand sponsored pre-charged batteries on demand, where you need it when you need it. No tethering, no waiting for an outlet, and no more leaving your device unattended. CHRGR stays with your device and works with any mobile device. Whether you have iPhone or Android, get immediate power and recharge and reuse again via USB.

Pitch Deck

Product & Service

CHRGR is a B2B2C Service Model: CHRGR units are manufactured at a very low cost, and advertisers pay 4x-6x for branded and/or NFC-enabled devices.

Current paying clients & distribution partners include top brands like Live Nation, Lyft, JetSmarter, Redbull, Vengo, Facebook, Instagram, William Grant & Sons, ID&T, and AEG. Also the leading battery provider of the US festival market via partnerships with Bonnaroo, Lollapalooza and OutsideLands.

CHRGR units contain a 2500mAh battery that provides 80% power to most Android and iPhone devices via an included power cord and are good for 100+ charge cycles and can be branded on both the front and back, with 4-color direct printing.

CHRGR units are ideal for advertising campaigns and can serve up content contextual to their region. Through promo codes, NFC and SMS, users are served custom URLs for app downloads, videos, and geo-targeted mobile content and offers.

Knowing that acquiring user data is crucial, engagement analytics are all accessible through an online dashboard.

Customer acquisition and conversion rates exceed traditional outdoor media. A recent NYC Media campaign for Lyft using promo code “CHRGR” had a 10.2% Acquisition Rate. And 90% of those customers used the Lyft App again as a converted paid new user.

CHRGR was started by ad guys, designers, marketers and media experts who are serious about building the business fast. The demand is out there and continues to favor their of approach of solving the problem by seeding the market with a brand sponsored solution. 

What’s next for CHRGR? With the addition of NFC and RFID, the CHRGR can potentially become a hotel key card, and a smart pass for ski resorts, festivals and theme parks. 

In 2017, we're expanding the network and innovating our product. We invite you to invest in CHRGR and share in our vision of creating a utility-driven, place-based media network. 

Team Story

As someone who likes to socialize and go out, I would often be out at a  bar or a venue with little to no battery left on my phone. And then the anxiety kicks in. I'd think, how do I stay in touch with my friends? What about that last minute email? And, how am I going to order a ride now? The current charging options are either tethering to an outlet, leaving your device unattended, or letting your phone die (which is NOT an option). And we all know that most of us don’t carry a backup battery. In fact, over “48% of us charge our phones once a day, and 32% of us, 2 or more times". And “mobile users in NYC reported the highest frequency with an average of 2.6 charges per day with 85 percent of those respondents reporting that they did not carry a backup for their phone batteries”. And this is when we saw the opportunity for CHRGR.

Lucas and I got together on the product and brand design, I began connecting with as many manufacturing, marketing, entertainment, lifestyle, and advertising contacts I had, and Dave started to figure out how we could roll this out in festival circuits first to test the market. We started with Bonnaroo in 2015 and had tremendous success. From there, we built national promoter relationships and kept moving fast by engaging with brands, ad agencies, and hospitality partners. All while selling units, expanding the network, building our client base, and making revenue!

And now with CHRGR media, we’re able to give brands direct access to consumers, while giving customers a critical product they’ll use and rely on. We're a media business with a focus on solving the problem of charging, and disrupting the battery market whilst helping brand and client partners acquire and convert new customers. By combining advertising with utility we've created a platform that you can't use Ad Blocker on but also one that you're actually going to rely on.

And with the addition of NFC and RFID, the CHRGR now becomes a hotel key card, and a smart pass for ski resorts, festivals and theme parks.

In 2017 we're expanding the network and innovating our product. We invite you to invest in CHRGR and share in our vision of creating a utility-driven, place-based media network. 

Thank you.

John, Lucas and Dave.

Meet the Founders

John Mullin

Co-Founder and CEO

John Mullin is a digital and social media expert with an extensive background in B2C, B2B, fashion, trend, lifestyle, music and entertainment marketing. He accredits his executive producer role at R/GA Interactive leading Nike Basketball Global, and producing projects for Beats by Dre, Samsung, Mastercard, A&E and other high profile accounts as a tent pole for his digital experience.

Prior to R/GA, John worked at a number of experiential and OOH agencies including MKTG and Kinetic Worldwide and began his career in New York working for Rocawear and Rocafella Records where he led marketing efforts for Kanye West’s debut album College Dropout.

Prior to founding CHRGR he produced the marketing launch of Beats Music, later acquired by Apple, and led the creative services team for Twitter Global Business Marketing.

Lucas Hearl

Co-Founder and CCO

Lucas Hearl is a creative with an obsession for motion, film, 3D, design and typography.

Bridging his knowledge of design and technology, he has delivered creative executions for companies such as: Google, Nike, JetBlue, Nokia, MasterCard, Loreal Paris, Coke and Prudential.

His career background includes Google Creative Labs, R/GA Interactive and Droga 5.

Prior to founding CHRGR he has produced a roster of films, sites, apps and VR experiences that have won awards, many helping shape the current digital landscape and crossroads of advertising.

Dave Chapman

Partner and EVP

Dave Chapman is a veteran of non traditional and field marketing promotions.

12+ years of experience in product, experiential and consumer marketing.

His career background includes Glaceau (Vitaminwater), Verizon, and Switch Marketing

Prior to CHRGR he has worked on celebrity and entertainment influencer sampling programs with such artists as The Roots and DJ Jazzy Jeff.

John Mullin

Co-Founder and CEO

John Mullin is a digital and social media expert with an extensive background in B2C, B2B, fashion, trend, lifestyle, music and entertainment marketing. He accredits his executive producer role at R/GA Interactive leading Nike Basketball Global, and producing projects for Beats by Dre, Samsung, Mastercard, A&E and other high profile accounts as a tent pole for his digital experience.

Prior to R/GA, John worked at a number of experiential and OOH agencies including MKTG and Kinetic Worldwide and began his career in New York working for Rocawear and Rocafella Records where he led marketing efforts for Kanye West’s debut album College Dropout.

Prior to founding CHRGR he produced the marketing launch of Beats Music, later acquired by Apple, and led the creative services team for Twitter Global Business Marketing.

Lucas Hearl

Co-Founder and CCO

Lucas Hearl is a creative with an obsession for motion, film, 3D, design and typography.

Bridging his knowledge of design and technology, he has delivered creative executions for companies such as: Google, Nike, JetBlue, Nokia, MasterCard, Loreal Paris, Coke and Prudential.

His career background includes Google Creative Labs, R/GA Interactive and Droga 5.

Prior to founding CHRGR he has produced a roster of films, sites, apps and VR experiences that have won awards, many helping shape the current digital landscape and crossroads of advertising.

Dave Chapman

Partner and EVP

Dave Chapman is a veteran of non traditional and field marketing promotions.

12+ years of experience in product, experiential and consumer marketing.

His career background includes Glaceau (Vitaminwater), Verizon, and Switch Marketing

Prior to CHRGR he has worked on celebrity and entertainment influencer sampling programs with such artists as The Roots and DJ Jazzy Jeff.

Q&A with the Founder

  • What accounts receivable do you have today and who owes this to you and when will it be paid to you?
    Today we have: $3410 Vengo (500 Unit Order / Vengo Rate). There are no other current outstanding accounts receivable at this time. only projected revenue coming in from some in-process business leads. typically were getting paid for orders as soon as they come in.
  • What accounts payables do you have today and who do you owe to and when will it be paid out?
    today we have: $3000.00 accounts payable to our factory for a new order (Hendricks Gin / William Grant & Sons) (paying tomorrow); $650.00 accounts payable to our logistics vendor (paying tomorrow); $2000.00 accounts payable for sales commissions (paying tomorrow); $450.00 accounts payable for our accountant (paying tomorrow).
  • How much inventory do you have?
    Today on hand we have 3500 units and another factory run kicking off tomorrow.  Cumulative factory inventory is an avail 100K+ units per 4.5 weeks.
  • How much debt, deferred expenses, and / or other liabilities do you have today?
    Our deferred expenses into 2017 are as follows. $13,500 Live Nation sponsorship part 2; $2,820 Bonnaroo 2016 revenue share; $5,000 Outsidelands 2016 revenue share.
  • What is the difference between the B2B, B2C, and Media Network CHRGRs?
    CHRGR devices are all the same and cost us about roughly the same across all revenue sources. B2B are partners in agencies for example. We usually sign 1-2 B2B contracts per week with B2Bs. Media Network started in June 2016 with the NYC Lyft deal executed in July (paid in June); it was our first Media Network. These cost us $100-200K upfront because we do not get paid until net 60-90 days of execution so we currently cannot do media flights because we have no working capital funding. B2C are the festivals we rent and sell CHRGRS at, online and other direct to consumer sales.
  • The Q&A with the Founder is based on due diligence activities conducted by SI Securities, LLC. The verbal and/or written responses transcribed above may have been modified to address grammatical, typographical, or factual errors, or by special request of the company to protect confidential information.

    Side by Side Term Sheet

    A Side by Side offering refers to a deal that is raising capital under two offering types. If you plan on investing less than US $20,000.00, you will automatically invest under the Regulation CF offering type. If you invest more than US $20,000.00, you must be an accredited investor and invest under the Regulation D offering type.


    Terms & DescriptionRegulation D - Rule 506(c)Regulation CF
    Investor TypesAccredited OnlyAccredited and Non-accredited
    Round descriptionSeedSeed
    Round sizeUS $600,000US $600,000
    Amount raisedUS $0US $10,000
    Minimum investment$20,000US $500
    Target minimumUS $150,000US $150,000
    Security typeCrowd NoteCrowd Note
    Conversion discount20.0%20.0%
    Valuation capUS $4,000,000US $4,000,000
    Interest rate5.0%5.0%
    Closing AmountThe Company is making concurrent offerings under both Regulation CF and Regulation D (the "Combined Offerings"). Unless the Company raises at least the Target Amount of $100,000 under the Regulation CF offering and a total of $150,000 under the Combined Offerings (the “Closing Amount”) by June 2, 2017, no securities will be sold in this offering, investment commitments will be cancelled, and committed funds will be returned.The Company is making concurrent offerings under both Regulation CF and Regulation D (the "Combined Offerings"). Unless the Company raises at least the Target Amount of $100,000 under the Regulation CF offering and a total of $150,000 under the Combined Offerings (the “Closing Amount”) by June 2, 2017, no securities will be sold in this offering, investment commitments will be cancelled, and committed funds will be returned.

    Financial Discussion

    Financial statements

    Our certified financial statements can be found in Exhibit B to the Form C of which this Offering Memorandum forms a part.

    Financial condition

    Results of Operations

    Our certified financial statements cover the two years ended December 31, 2016 and December 31, 2015.

    Net revenues for 2016 were $286,980, an increase of 123% compared to $128,389 for 2015, reflecting the increase in our operations and higher sales.

    Cost of revenues, which primarily comprise manufacturing costs of our chargers, were $145,310 in 2016 and $77,149 in 2015, resulting in gross margins of 49% and 40%, respectively.

    Operating expenses were $135,020 in 2016 and $110,910 in 2015, an increase of 22%. The increase was primarily driven by increases in general and administrative expenses.

    As a result of the foregoing, we recorded net income of $6,650 in 2016, compared to net losses of $59,670 in 2015.

    In 2015, we reported $(16,817), $(27,844) and $0, as total income, taxable income and total tax on our federal income tax returns.

    Plan of Operations and Milestones

    The company launched its operations in March 2015. Since launching, the company has become the leading battery provider to the US festival market. Further, in July 2016 the company launched an advertising campaign with Lyst in New York City, NY.

    Subsequent financial milestones for the company include:

    • raising the Closing Amount, which will permit the company to undertake the activities set out in Use of Proceeds

    • adding additional salaried positions, and

    • paying off indebtedness.

    Liquidity and Capital Resources, Future Trends

    The company was initially capitalized by the co-founders. The company issued a total of 427,026 shares of common stock to the founders. These stock issuances were conducted under terms of restricted stock purchase agreements and IP Assignment Agreement and are subject to vesting terms contingent upon continuous service with the company, which provide the company the right to repurchase unvested shares at the original purchase price. As of the issuance date, March 1, 2015, 229,409 shares had vested.

    As of December 31, 2016 and December 31, 2015 we had cash on hand in the amount of $738 and $13,492, respectively.

    The company is dependent upon additional capital resources for its planned principal operations and is subject to significant risks and uncertainties; including failing to secure funding to operationalize the company’s planned operations or failing to profitably operate the business. Currently, the company intends to generate revenues and raise capital through the issuance of Crowd Notes in this offering.

    The company’s burn rate prior to this offering is approximately $20,000 per month. The company believes that proceeds from this offering will be sufficient to last it for approximately 18 months.

    The company has not committed to make any capital expenditures, and in the event it does not raise sufficient funds from this offering, it will defer the capital expenditures it has planned.

    Indebtedness

    In June 2016, the company entered into a convertible promissory note payable to Nick Greto in the amount of $10,000. This note bears interest at 10% annually and is due in June 2017. $583 of interest expense was recognized for the year ended December 31, 2016. As of December 31, 2016, the convertible promissory note had not been converted and remained outstanding in the full principal amount.

    Recent offerings of securities

    We have made the following issuances of securities within the last three years:

    Common Stock

    • In May 2015, the company issued, in reliance on Section 4(a)(2) of the Securities Act and pursuant to a restricted stock purchase agreement, 427,026 shares of common stock to its two co-founders for total proceeds of $43. The common stock was subject to a vesting schedule. 222,409 shares of common stock vested at the common stock issuance date.

    • In May 2016, the company issued, in reliance on Section 4(a)(2) of the Securities Act and pursuant to an Independent Contractor Agreement, 20,900 shares of common stock to an employee. The common stock was subject to a vesting schedule. As of December 31, 2016 all 20,900 shares of common stock were issued.

    Convertible Note

    In June 2016, the company entered into a convertible promissory note payable to Nick Greto in the amount of $10,000, in reliance on Section 4(a)(2) of the Securities Act. The proceeds of the note were used for general business purposes.

    Valuation

    The company determined the valuation cap, discount, and interest rate of the Crowd Notes in this offering internally based on its own assessment of the company's current and future value, as well as relative risk for investors investing in similarly situated companies. The Crowd Notes may convert to equity securities of the company in the future if the company engages in future equity financings. At that time, the valuation of the company will be determined through negotiations with prospective investors. Those prospective investors may determine the value of the company through one or multiple methods which include:

    Liquidation Value — The amount for which the assets of the company can be sold, minus the liabilities owed ;

    Book Value — This is based on analysis of the company’s financial statements, usually looking at the company’s balance sheet; and

    Earnings Approach — This is based on what the prospective investor will pay (the present value) for what the prospective investor expects to obtain in the future.

    Market Landscape

    In terms of out-of-home and promotional advertising $7.3B was spent by brands on both OOH and branded premiums in 2016. The average CPM is $10 nationwide, but offers little opportunity for tracking and measuring effectiveness. CHRGR is unique as the market advertising utility that generates a new media spend funnel.

    Who Are Our Competitors? 

    Charging Stations: GoCharge & Brightbox force consumers to leave phone in locker. ChargeTech has businesses pay for tethered charging station on site. Battery Rental Model: Doblet, FuelRod & MobileQubes require consumers to download an app & then pay to rent. Wireless charging: Chargifi and Powermat require consumers to download an app and remain tethered via both a dongle and a  power source. We believe CHRGR is the first to distribute advertising paid free-to-keep units enabled with NFC and SMS to support new customer acquisition and conversion. No app required, no tethering or any other barriers to charge your device.

    Risks and Disclosures

    We are selling convertible notes that will convert into shares or result in payment in limited circumstances, and in certain circumstances only at the option of the company. These notes do not have a maturity date and only convert or result in payment in limited circumstances.  If there is a merger, buyout or other corporate transaction that occurs before a qualified equity financing, investors will receive a payment of the greater of two times their purchase price or the amount of preferred shares they would have been able to purchase using the valuation cap.  If there is a qualified equity financing (and only a financing using preferred shares will count for this purpose), the conversion price will be set for conversion into non-voting shares of a to-be-determined class of preferred stock. Investors in the Regulation CF offering will be considered non-major investors under the terms of the notes offered. Only “major investors” will have their notes converted at this time, notes held by non-major investors will only convert at the sole discretion of the company or in the event of subsequent corporate transaction. Further, the notes convert based on a valuation cap, meaning investors would be rewarded for taking on early risk compared to later investors. But you won’t know how much your investment is worth until that happens. The outside investors at the time of conversion, if any, might value the company at an amount well below the $4,000,000 valuation cap, so you should not view the $4,000,000 million as being an indication of the company’s value. Further the interest on the notes is accrued interest; therefore you will not receive interest payments on these notes. If you choose to invest, you should be prepared that there is a risk that your notes will never convert and will have no value. 

    Any valuation at this stage is difficult to assess. Unlike listed companies that are valued publicly through market-driven stock prices, the valuation of private companies, especially start-ups, is difficult to assess and you may risk overpaying for your investment. In addition, there may be additional classes of equity with rights that are superior to the class of equity being sold.

    The Crowd Note contains dispute resolution provisions which limit your ability to bring class action lawsuits or seek remedy on a class basis. By purchasing a Crowd Note this offering, you agree to be bound by the dispute resolution provisions found in Section 6 of the Crowd Note.  Those provisions apply to claims regarding this offering, the Crowd Notes and possibly to the securities into which the Crowd Note are convertible. Under those provisions, disputes under the Crowd Note will be resolved in arbitration conducted in Delaware.  Further, those provisions may limit your ability to bring class action lawsuits or similarly seek remedy on a class basis.

    We have not assessed the tax implications of using the Crowd Note. The Crowd Note is a type of debt security that does not include a set maturity date. As such, there has been inconsistent treatment under the state and federal tax law as to whether the Crowd Note can be considered a debt of the company, or the issuance of equity. Investors should consult their tax advisors.

    This is effectively a brand-new company. It has a limited operating history, few or no clients, and has received limited revenues to date. If you are investing in this company, it’s because you think this is a good idea, that John Mullin can execute it better than his competition, that he can price it right and sell it to enough people that the company will succeed.

    We have limited operating history, and therefore, we cannot easily assess our growth rate and earnings potential. It is possible that our company will face many difficulties typical for development stage companies. These may include, among others: relatively limited financial resources; developing new products; delays in reaching its goals; unanticipated start-up costs; potential competition from larger, more established companies; and difficulty recruiting and retaining qualified employees for management and other positions. The company may face these and other difficulties in the future and some may be beyond its control. If the company is unable to successfully address these difficulties as they arise, the company’s future growth and earnings will be negatively affected. The company cannot be assured that our business model and plans will be successful or that we will successfully address any problems that may arise. It is possible that you could lose your entire investment.

    We have a small management team. We depend on the skills and experience of John Mullin and Lucas Hearl. Our ability to raise sufficient capital may have an impact on our ability to attract and hire the right talent.

    The company is controlled by its founder. John Mullin currently holds the majority of the company’s voting stock, and at the conclusion of this offering will continue to hold the majority of the company’s voting rights. Investors in Crowd Notes may not have the ability to control a vote by the stockholders or the Board.

    We rely heavily on our manufacturing partners to produce our batteries. We rely heavily on the skills and expertise of our manufacturing partners. If we lose our manufacturing partners or experience delays in recruiting new manufacturing partners, it could financially affect the company and its business.

    We rely heavily on our sales team to market and sell our chargers. We rely heavily on the skills and expertise of our sales team to generate business. If we lose members of our sales team or have delays in recruiting new members to the team, it could financially affect the company and its business.

    The delivery and quality of the company's primary product is dependent on third parties, including our partner L&C Technology Co., Limited. The company’s primary product is manufactured by our partner whose main design facility is in Guangdong, China. While we provide the technologies and design for the product, we rely on third parties to design and manufacture the products to meet our clients’ needs. Difficulties encountered by the manufacturers may result in a poor quality product or the inability to deliver product in a timely manner. If the current manufacturers encounter difficulties, we may be required to find another supplier, resulting in delays; moreover, we may not be able to find another supplier with the same skills in the battery sector.

    Uncertainty with respect to US trade policy may reduce our manufacturing choices and add to our expenses. We currently have our product manufactured in China. The current US Administration has indicated a desire to re-negotiate trade deals and potentially impose tariffs on foreign countries, including China. We may incur additional expenses if we are forced to base any part of our manufacturing in the United States

    Limited intellectual property protection may cause us to lose our competitive advantage and adversely affect our business.   We do not currently hold any patents at this time. However, we intend to apply for a provisional patent for the integration of NFC and RFID in to the battery to be used as an advertising vehicle, hotel key card, and ski lift or theme park fast pass. There is no guarantee that we will be able to obtain patent protection, which may affect the value of our products. It may also lead to unauthorized use or copying of our technology. Companies in China and elsewhere may try to replicate a cheaper version of our product. Policing such unauthorized use is difficult and the steps taken may not prevent misappropriation of the technology.  In addition, effective protection may be unavailable or limited in some jurisdictions outside the United States, Canada and the United Kingdom. Litigation may be necessary in the future to enforce or protect our rights or to determine the validity and scope of the rights of others.  Such litigation could cause us to incur substantial costs and divert resources away from daily business, which in turn could materially adversely affect the business.

    Limited intellectual property protection may cause us to lose our competitive advantage and adversely affect our business.   We do not currently hold any patents. There is no guarantee that we will be able to obtain patent protection, which may affect the value of our products. It may also lead to unauthorized use or copying of our technology. Companies in China and elsewhere may try to replicate a cheaper version of our product. Policing such unauthorized use is difficult and the steps taken may not prevent misappropriation of the technology.  In addition, effective protection may be unavailable or limited in some jurisdictions outside the United States, Canada and the United Kingdom. Litigation may be necessary in the future to enforce or protect our rights or to determine the validity and scope of the rights of others.  Such litigation could cause us to incur substantial costs and divert resources away from daily business, which in turn could materially adversely affect the business.

    We have a number of competitors. There are a number of companies that provide various phone charging solutions such as charging stations, tethered charging, battery rental or wireless charging. These companies include: GoCharge, Brightbox, ChargeTech, Doblet, FuelRod, MobileQubes, Chargifi and Powermat. Although we solely focus on distributing ad paid free-to-keep units with no barriers to charge (such as tethering), our competitions may be able to offer a better charging product at a lower price and obtain a larger catalog of advertising clients. Our business model is primarily dependent on generating more advertising revenue than what we pay to develop and produce our chargers. Due to scale economies in advertising sales, phone charging device competitors that sell advertising limit our market share, and therefore our ability to compete for advertising dollars which make us profitable.

    The company will likely need more money. The company might not sell enough Crowd Notes to meet its operating needs and fulfill its plans, in which case it may cease operating, which could lead to the total loss of your investment. Even if it sells all the Crowd Notes it is offering now, it will probably need to raise more funds in the future, and if it can’t get them, the business could fail. Even if it does make a successful offering in the future, the terms of that offering might result in your investment in the company being valued less, because later investors might get better terms and the issuance of additional shares may dilute your proportional ownership.

    We may not have enough funds to sustain the business until it becomes profitable. Even if we raise funds through a crowdfunding round, we may not accurately anticipate how quickly we may use the funds and if it is sufficient to bring the business to profitability, and may not be able to continue as a going concern. 

    You can’t easily resell the securities. There are restrictions on how you can resell your securities for the next year. More importantly, there is no market for these securities, and there might never be one. It’s unlikely that the company will ever go public or get acquired by a bigger company. That means the money you paid for these securities could be tied up for a long time. 

    General Risks and Disclosures

    Start-up investing is risky. Investing in startups is very risky, highly speculative, and should not be made by anyone who cannot afford to lose their entire investment. Unlike an investment in a mature business where there is a track record of revenue and income, the success of a startup or early-stage venture often relies on the development of a new product or service that may or may not find a market. Before investing, you should carefully consider the specific risks and disclosures related to both this offering type and the company which can be found in this company profile and the documents in the data room below.

    Your shares are not easily transferable. You should not plan on being able to readily transfer and/or resell your security. Currently there is no market or liquidity for these shares and the company does not have any plans to list these shares on an exchange or other secondary market. At some point the company may choose to do so, but until then you should plan to hold your investment for a significant period of time before a “liquidation event” occurs. A “liquidation event” is when the company either lists their shares on an exchange, is acquired, or goes bankrupt.

    The Company may not pay dividends for the foreseeable future. Unless otherwise specified in the offering documents and subject to state law, you are not entitled to receive any dividends on your interest in the Company. Accordingly, any potential investor who anticipates the need for current dividends or income from an investment should not purchase any of the securities offered on the Site.

    Valuation and capitalization. Unlike listed companies that are valued publicly through market-driven stock prices, the valuation of private companies, especially startups, is difficult to assess and you may risk overpaying for your investment. In addition, there may be additional classes of equity with rights that are superior to the class of equity being sold.

    You may only receive limited disclosure. While the company must disclose certain information, since the company is at an early-stage they may only be able to provide limited information about its business plan and operations because it does not have fully developed operations or a long history. The company may also only obligated to file information periodically regarding its business, including financial statements. A publicly listed company, in contrast, is required to file annual and quarterly reports and promptly disclose certain events — through continuing disclosure that you can use to evaluate the status of your investment.

    Investment in personnel. An early-stage investment is also an investment in the entrepreneur or management of the company. Being able to execute on the business plan is often an important factor in whether the business is viable and successful. You should be aware that a portion of your investment may fund the compensation of the company’s employees, including its management. You should carefully review any disclosure regarding the company’s use of proceeds.

    Possibility of fraud. In light of the relative ease with which early-stage companies can raise funds, it may be the case that certain opportunities turn out to be money-losing fraudulent schemes. As with other investments, there is no guarantee that investments will be immune from fraud.

    Lack of professional guidance. Many successful companies partially attribute their early success to the guidance of professional early-stage investors (e.g., angel investors and venture capital firms). These investors often negotiate for seats on the company’s board of directors and play an important role through their resources, contacts and experience in assisting early-stage companies in executing on their business plans. An early-stage company may not have the benefit of such professional investors.

    CHRGR's Form C

    The Form C is a document the company must file with the Securities and Exchange Commission, which includes basic information about the company and its offering and is a condition to making a Reg CF offering available to investors. It is important to note that the SEC does not review the Form C, and therefore is not recommending and/or approving any of the securities being offered.

    Download CHRGR's  Form C

    Frequently Asked Questions

    About Side by Side Offerings
    What is Side by Side?

    A Side by Side offering refers to a deal that is raising capital under two offering types. This Side by Side offering is raising under Regulation CF and Rule 506(c) of Regulation D.


    What is a Form C?

    The Form C is a document the company must file with the Securities and Exchange Commission (“SEC”) which includes basic information about the company and its offering and is a condition to making a Reg CF offering available to investors. It is important to note that the SEC does not review the Form C, and therefore is not recommending and/or approving any of the securities being offered.

    Before making any investment decision, it is highly recommended that prospective investors review the Form C filed with the SEC (included in the company's profile) before making any investment decision.


    What is Rule 506(c) under Regulation D?

    Rule 506(c) under Regulation D is a type of offering with no limits on how much a company may raise. The company may generally solicit their offering, but the company must verify each investor’s status as an accredited investor prior to closing and accepting funds. To learn more about Rule 506(c) under Regulation D and other offering types check out our blog and academy.


    What is Reg CF?

    Title III of the JOBS Act outlines Reg CF, a type of offering allowing private companies to raise up to $1 million from all Americans. Prior capital raising options limited private companies to raising money only from accredited investors, historically the wealthiest ~2% of Americans. Like a Kickstarter campaign, Reg CF allows companies to raise funds online from their early adopters and the crowd. However, instead of providing investors a reward such as a t-shirt or a card, investors receive shares, typically equity, in the startups they back. To learn more about Reg CF and other offering types check out our blog and academy.


    Making an Investment in CHRGR
    How does investing work?

    When you complete your investment on SeedInvest, your money will be transferred to an escrow account where an independent escrow agent will watch over your investment until it is accepted by CHRGR. Once CHRGR accepts your investment, and certain regulatory procedures are completed, your money will be transferred from the escrow account to CHRGR in exchange for your shares. At that point, you will be a proud owner in CHRGR.


    What will I need to complete my investment?

    To make an investment, you will need the following information readily available:

    1. Personal information such as your current address and phone number
    2. Employment and employer information
    3. Net worth and income information
    4. Social Security Number or government-issued identification
    5. ABA bank routing number and checking account number (typically found on a personal check or bank statement)

    If you are investing under Rule 506(c) of Regulation D, your status as an Accredited Investor will also need to be verified and you will be asked to provide documentation supporting your income, net worth, revenue, or net assets or a letter from a qualified advisor such as a Registered Investment Advisor, Registered Broker Dealer, Lawyer, or CPA.


    What is a Crowd Note?

    The Crowd Note is a security which allows crowd investors to largely realize the same economic benefit traditional investors have historically received when investing in startups. For a convertible note round, investors under $20,000 will have their investment convert into preferred equity at liquidity event, locking in a share price at a discount to the next priced round, and will have an interest rate on their investment. Investors investing $20,000 and over will convert into preferred equity at the subsequent priced round at a discount to that priced round and will have an interest rate on their investment. For a priced round, investors under $20,000 will have their investment convert into preferred equity at a liquidity event, locking in the share price of the current round.


    How much can I invest?

    An investor is limited in the amount that he or she may invest in a Reg CF offering during any 12-month period:

    • If either the annual income or the net worth of the investor is less than $100,000, the investor is limited to the greater of $2,000 or 5% of the lesser of his or her annual income or net worth.
    • If the annual income and net worth of the investor are both greater than $100,000, the investor is limited to 10% of the lesser of his or her annual income or net worth, to a maximum of $100,000.

    Separately, CHRGR has set a minimum investment amount of US $500.

    Accredited investors investing $20,000 or over do not have investment limits.


    After My Investment
    What is my ongoing relationship with the Issuer?

    You are a partial owner of the company, you do own shares after all! But more importantly, companies which have raised money via Regulation CF must file information with the SEC and post it on their websites on an annual basis. Receiving regular company updates is important to keep shareholders educated and informed about the progress of the company and their investment. This annual report includes information similar to a company’s initial Reg CF filing and key information that a company will want to share with its investors to foster a dynamic and healthy relationship.

    In certain circumstances a company may terminate its ongoing reporting requirement if:

    1. The company becomes a fully-reporting registrant with the SEC
    2. The company has filed at least one annual report, but has no more than 300 shareholders of record
    3. The company has filed at least three annual reports, and has no more than $10 million in assets
    4. The company or another party purchases or repurchases all the securities sold in reliance on Section 4(a)(6)
    5. The company ceases to do business

    However, regardless of whether a company has terminated its ongoing reporting requirement per SEC rules, SeedInvest works with all companies on its platform to ensure that investors are provided quarterly updates. These quarterly reports will include information such as: (i) quarterly net sales, (ii) quarterly change in cash and cash on hand, (iii) material updates on the business, (iv) fundraising updates (any plans for next round, current round status, etc.), and (v) any notable press and news.


    How can I sell my shares in the future?

    Currently there is no market or liquidity for these shares. Right now CHRGR does not plan to list these shares on a national exchange or another secondary market. At some point CHRGR may choose to do so, but until then you should plan to hold your investment for a significant period of time before a “liquidation event” occurs. A “liquidation event” is when CHRGR either lists their shares on an exchange, is acquired, or goes bankrupt.


    How do I keep track of this investment?

    You can return to SeedInvest at any time to view your portfolio of investments and obtain a summary statement. If invested under Regulation CF you may also receive periodic updates from the company about their business, in addition to monthly account statements.


    Other General Questions
    What is this page about?

    This is CHRGR's fundraising profile page, where you can find information that may be helpful for you to make an investment decision in their company. The information on this page includes the company overview, team bios, and the risks and disclosures related to this investment opportunity. If the company runs a side by side offering that includes an offering under Regulation CF, you may also find a copy of the CHRGR's Form C. The Form C includes important details about CHRGR's fundraise that you should review before investing.


    How can I (or the company) cancel my investment under Regulation CF?

    For offerings made under Regulation CF, you may cancel your investment at any time up to 48 hours before a closing occurs or an earlier date set by the company. You will be sent a reminder notification approximately five days before the closing or set date giving you an opportunity to cancel your investment if you had not already done so. Once a closing occurs, and if you have not canceled your investment, you will receive an email notifying you that your shares have been issued. If you have already funded your investment, your funds will be promptly refunded to you upon cancellation. To cancel your investment, let SeedInvest know by emailing cancellations@seedinvest.com. Please include your name, the company's name, the amount, the investment number, and the date your made your investment.


    What if I change my mind about investing?

    If you invest under any other offering type, you may cancel your investment at any time, for any reason until a closing occurs. You will receive an email when the closing occurs and your shares have been issued. If you have already funded your investment and your funds are in escrow, your funds will be promptly refunded to you upon cancellation. To cancel your investment, please email us at cancellations@seedinvest.com. Please include your name, the company's name, the amount, the investment number, and the date your made your investment.