St. Johns, Newfoundland, Canada
PragmaClin Research Inc.
PragmaClin Research Inc.


Funded Of $750,000.00 Goal
1.33% Raised
Accredited Investor Offer. Structure
35 Days Days Left
$10,000.00 Min. investment
$750,000.00 Max. investment
N/A Minimum Raise
USD $4,000,000.00 Maximum Raise

Offering Description

Offering Terms

NOTE: You will need your Bank Account Number, Transit Number, and Institution Number to Invest.

This investment is only open to Accredited Investors, and immediate Friends, Family, and Close Business Associates of PragmaClin.  

This investment is via a SAFE (Simple Agreement for Future Equity). 

What is a SAFE?

A SAFE allows investors to invest funds at no fixed valuation, and instead have their investment convert into shares at a future investment date, where there will be a fixed valuation.  The SAFE agreement includes a valuation Cap, so that no matter the valuation of the future round, the number of shares they are given will be based on the pre-set fixed valuation cap.  To reward investors for investing earlier, investors will have a discount rate applied to their investment at the future valuation date, which further discounts the potential future valuation and rewards SAFE investors with more shares.  If there is no future investment round, SAFE investors have priority over other investors and shareholders if the company is closed or sold.  

Post-money valuation Cap (After investment received): USD $4,000,000

Discount Rate: 20% 

Minimum Raise: N/A - There is no minimum raise requirement

Max Raise: $750,000 for 750,000 SAFE Units convertible into Common Shares at $1.00 per SAFE Unit.

Round Final Close: December 31, 2023 (issuer may chose to close funds earlier than this date, and may have multiple closings).

Minimum investment amount: $10,000.00

Securities offered: SAFE Units that convert into Common Shares

Please see SAFE Agreement, Articles of Incorporation, and the Term Sheet for full details of rights associated with the SAFE Units & Common Shares.  You must create an account on Equivesto to view attached documents.  Data Room available upon Request.  

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