Luminary issues $200,000 worth of securities

80% of Luminary’s $250,000 unregistered private offering was placed almost two weeks ago. The non-brokered equity securities were subscribed by four investors. The first close garnered $200,000. Based on the offering’s structure, the company has until October 2015 to raise an extra $50,000. The equity offering’s estimated net proceeds will amount to $195,000 which excludes $55,000 to be paid toward officers’ salaries. This is the first time Luminary is selling securities under a registration exemption.

The company is a mobile game developer founded by the Co-founder of Zynga. The company’s first game is a strategic endless runner game dubbed Greedy Goblins.

Carl Eric Schiermeyer (CEO) leads the San Francisco CA based company which was registered in 2013. Luminary elected to keep its revenues undisclosed.
The executive team includes Amir Pascal Ebrahimi and Marco Rizzo.

Offering recap
Status: First close
Company: Luminary
Industry: Other Technology
Amount offered: $250,000
Amount placed: $200,000
First sale: 10-30-2014
Data as of: 11-12-2014

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