XDATA – August 25th 2014
Kung Fu Vapes launched a $500,000 non-brokered equity offering based on information filed with the SEC. The subscription to the equity offering hasn’t started yet. The offering is structured to remain open until August 2015 or when the fundraising cap is reached, whichever one comes first. The equity offering’s estimated net proceeds will amount to $400,000 which excludes $100,000 to be paid toward officers’ salaries. Until this disclosure Kung Fu Vapes had raised an estimated $100,000 in unregistered securities via one previous financing round.
Kung Fu Vapes markets atomizers for the delivery of cannabis oils and concentrates.
Kung Fu Vapes, registered in 2014, is headquartered in Uncasville CT. It is led by Samuel Laurion (CEO). Revenues on or below $1 million were reported by Kung Fu Vapes.
The board of directors includes John Dawson.
Company: Kung Fu Vapes
Amount offered: $500,000
Data as of: 08-25-2014