Signed Term Sheet with Venture Capital Firm
Apr 14, 2021
Hutsy Financial has received an investment offer and signed Term Sheet from a US based Venture Capital firm for a $5,000,000 investment in Hutsy Financial. This Term Sheet is not binding and is subject to full Due Diligence on Hutsy Financial by the Venture Capital Firm.
If Due Diligence is completed and the investment moves forward, the valuation of Hutsy Financial as outlined on the Term Sheet is $15,000,000.
Hutsy Financial Pre-Selected for Dragon's Den!
Apr 16, 2021
Hutsy Financial has been pre-selected to appear on an episode of Dragon's Den on CBC!
Dragon's Den is an entrepreneurial show where small business and startup owners pitch their idea to a group of savvy angel investors, who given the feedback and can offer investment.
Hutsy has not recorded an episode yet, and while a date of May has been offered, there are no confirmed details as to when the episode will be filmed, and if/when it will be selected to air. At this stage, it is still possible for the offer of participation to be rescinded. Participation on Dragon's Den does not guarantee an investment from any of the Dragons, and even what appears to be an investment on TV is subject to full due diligence, where either party may back out of the deal.
Hutsy Financial Raise Extension
Apr 17, 2021
Given the larger demand of investors, Hutsy Financial has extended their equity crowdfunding campaign by one month. The campaign will remain open for investment until Hutsy reaches their maximum raise amount, or until the end of the day on May 19th, 2021.
Even though Hutsy is over 250% funded, investors can still participate and invest in Hutsy Financial until the close of the campaign!
Hutsy Financial Closing Date Amended
May 7, 2021
Hutsy Financial has amended their campaign closing date from May 19, 2021 to May 14, 2021. Hutsy is over 289% funded and excited to close the campaign so they can begin the next stage of their growth and development (see previous updates for more details). Investors still have until May 14, 2021 to invest in Hutsy Financial.
Hutsy Financial Campaign Closed - Over 325% Raised!
May 18, 2021
Hutsy Financial's campaign has closed with over 325% raised! Thank you to all the investors who came together to support Hutsy. Equivesto and Hutsy will now begin the 'closing' process, which takes 30 days. All investments made during the campaign are being finalized, after which the paperwork and legal filings will be completed.
Once the filings are completed, everyone who participated will officially become investors in Hutsy Financial, and the Hutsy Financial team will reach out directly to continue the relationship with each investor, and explain their next steps and how frequently investors can expect updates.
The investment documents signed when making the investment are your official legal documents and records, and the Hutsy team will update their legal records to record each investor as a shareholder. No further documentation or work is required from investors.
Please reach out to Equivesto or the Hutsy team if you have any questions.
