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BeautyKind Launches New Crowdfunding InitiativeNEW YORK, April 21, 2016 /PRNewswire/ -- BeautyKind, an online retailer where consumers can shop prestige beauty brands while raising funds for charitable causes, announced that the Securities and Exchange Commission has qualified its Regulation A+ Initial Public Offering (IPO) to raise up to $10 million, allowing the general public to invest and help support the brand's growth. Shares of BeautyKind's common stock are expected to start trading on OTCQX following the termination of the offering. People can visit BeautyKind's landing page on WR Hambrecht + Co to read more about the offering circular, view videos about the brand, and can also register to invest by clicking on the INVEST NOW! button, which is now live and open to the general public. "Regulation A+ provides a way for individuals to own a piece of BeautyKind directly, in order to help fuel its new ventures and overall brand development," said BeautyKind Founder and CEO, Hil Davis. "We're excited to offer investment opportunities that not only reach our customers, but also a wider audience, and look forward to taking this pivotal next step in the brand's lifecycle." Regulation A+ allows entrepreneurs to raise funds quickly through both accredited investors who are typically high net worth individuals and/or institutions, and non-accredited investors who are everyday individuals who are interested in opportunities to invest in the brand. "This fundraising initiative allows us to expand our brand ownership to anyone and everyone, and not just accredited investors, especially at such an early stage in our growth," added Davis. BeautyKind recently launched a series of new initiatives and activations, including its first ntional broadcast advertisement, which aired in March. The brand was present at this year's SXSW, and is set to make its debut at the WWD Beauty CEO Summit on May 9 - 11. Funds raised will help launch a mobile app where customers can easily restock their favorite products, while also learning beauty tips and tricks through a personalized online beauty experience. Szaferman Lakind Blumstein & Blader, PC is acting as counsel to BeautyKind and Morgan, Lewis & Bockius LLP is acting as counsel to WR Hambrecht + Co in this transaction. About BeautyKind For Press Inquiries: JONESWORKS About WR Hambrecht + Co Contact Helen Miazga ([email protected]) at 415-551-3237 or visit our website wrhambrecht.com. Disclaimer This press release shall not constitute an offer to sell or the solicitation of an offer to buy, nor shall there be any sale of these securities in any state or jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction. No money or other consideration is being solicited in connection with this press release, and if sent in response, will not be accepted. Any offer to buy the securities may be withdrawn or revoked, without obligation or commitment of any kind, at any time before notice of its acceptance is given after the qualification date.
To view the original version on PR Newswire, visit:http://www.prnewswire.com/news-releases/beautykind-launches-new-crowdfunding-initiative-300255235.html SOURCE BeautyKind |