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AltoIRA Updates
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Sep 9
2021

An update on your Crowd SAFE conversion

Hi everyone, 

Brooke from Republic here. First and foremost, my team and I would like to apologize for setting inaccurate timeline expectations for the conversion process. I’d also like to thank you all for your patience as Republic has been working hard to prepare a smooth, simple conversion process for all AltoIRA Crowd SAFE investors. 

Our team is finalizing some legal and technical details with Prime Trust and Alto IRA to ensure the conversion is seamless and easy to complete for you as an investor. 

We are doing everything we can to provide you with further instructions and to move forward with the conversion process very soon. You will be notified as soon as we are able to start this process. 

Please note that the delay in converting your Crowd SAFE to shares of Alto stock has no impact on the economics for you or the number of shares of Alto stock which have been reserved for you.  (If you have any questions about the terms of your SAFE, please refer to the investment documents directly.)  Rest assured that more information about the conversion process is on the way and we will let you all know when there is an action item for you to complete! Nevertheless, again, we apologize for not providing you with an update sooner. 

The best way to get in touch with us if you have any questions or comments is by emailing investors@republic.co. (Please note Alto is not able to answer questions about the Republic conversion process.)  Please do not hesitate to reach out to us there if you have any questions. Our team is here to answer any questions you may have. 

Best,

Brooke and Republic 


Profile picture of Brooke Robbins
Brooke Robbins
AltoIRA
The comment you're trying to see no longer exists.
Profile picture of Robyn Shearin
Robyn Shearin
almost 2 years ago
Was this conversion placed with the same Prime Trust that was placed into receivership on June 26, 2023. If so, how a person access information about their investment with Alto IRA?
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Profile picture of Liesheng Long
Liesheng Long
almost 5 years ago
I asked 5 months ago, no one answered. Here I ask again -- btw the comment is turned off for the Oct 11 Update:
My math: pre money $73m/$1.57=46.50m shares, then RegCF investors share price is $30m/46.5=$0.6462/share. Isn’t my math over simplified?
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Profile picture of Ryan K
Ryan K
almost 5 years ago
Hi there - any new update on timing?
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