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Logo of Breshna.io

Breshna.io

Empowering you to create ur own video games with no-code, think Canva for games
Video Games Immigrant Founders B2B Women Founders Creator Economy Edtech Blockchain Social Justice AI & Machine Learning
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Featured image of Breshna.io
$10,550
21% raised of $50K min goal
19
Investors
76 days
Left to invest
Invest in Breshna.io
$100 minimum investment · Deal terms
Pitch Discussion 6 Updates Reviews 1
Invest Invest in Breshna.io
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Problem Solution Product Traction Customers Biz. model Market Competition Vision and strategy Impact Funding Founders Summary
About Team Events Press FAQ Risks Discussion

Documents

Republic (OpenDeal Portal LLC, CRD #283874) is hosting this Reg CF securities offering by Gaming Revolution for International Development Inc . View the official SEC filing and all updates:
Official SEC Logo Form C SEC.gov
Company documents
Breshna.io Crowd SAFE Gaming Revolution (Breshna) Form C.pdf
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Hear from some of the 19 investors in Breshna.io


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Highlights


  • 170K+ registered game makers who created 150K+ video games
  • 4M+ unique clicks on Breshna games & 320K+ completed game plays
  • Backed by Paris Hilton, Randi Zuckerberg & Lisa Carmen as investors
  • $2.5M seed funding; 27 months runway w/capital efficient team
  • Expected profitability in 2024 with $800K ARR
  • Founder is Clinton Global Honor Roll Alum & Forbes Next 1000 Entrepreneur
  • Featured On: Entrepreneur Elevator Pitch, David Meltzer 2 Min Drill, Tedx

Problem


Video games are powerful communication tools,
but costly, complicated & time consuming to make

Video games are powerful communication tools. The impact they leave on our brains far transcends the virtual boundaries in which we play them.

Games have immense potential to transform industries beyond entertainment, including education, social impact, marketing, and training.

And yet, we do not see video games being mainstreamed for purposes beyond entertainment.

That’s because making video games is costly, complicated, and time consuming. 

At Breshna, we are breaking the time, skills and cost barriers of making games! 

Solution


Creating video games with
no-code, zero-cost, & at lightning speed 

Breshna.io is a no-code video game maker that empowers a non-tech, non-gamer audience to create, share & monetize their own video games with no code and at lightning speed. Everyone can create snackable games for entertainment, educational, marketing, and training purposes!

Think about a teacher who wants to make math learning fun. She can create a run & catch game, where students are catching even numbers and dodging odd numbers & having a blast.

Or a small business owner looking to better engage their community. With Breshna, they could effortlessly design a jigsaw puzzle revealing a new product or discount code!

With Breshna, everyone can engage their audience in a fun and impactful way! It's the Canva for video games. 

Product


Breshna's 3-tiered product stack revolutionizes the way video games are created, used and monetized

At Breshna, we are building a world where everyone can tell their stories with video games. We leverage a 3-tiered product stack:

  • Breshna.io: Our super simple, super fast game maker platform that empowers users to create their own video games:
    • Without any coding or design skills, in any language and at zero cost! 
    • At lightning speed (in < 15 mins). Breshna means lightning in the Pashto language.
  • BreshnaBlitz: Our upcoming AI-powered text-to-game engine generates mini video games based on simple text prompts. 
  • Breshnaverse: Our carnival-themed metaverse enables users to showcase and monetize their Breshna games at their own carnival stands! 

Traction


170K makers,
150K games made,
& 4M game clicks

We’ve only been incorporated for a little over 2 years but we’ve made mad progress:

  • 170K registered game makers & 150K games made
  • 4M+ unique game clicks & 320K+ completed game plays
  • $2.5M seed funding from investors including Paris Hilton’s 11:11 Media, Randi Zuckerberg, Lisa Carmen’s Bad Bitch Empire, Blockchain Founders Fund and TABLE management (Bill Ackman's family office)
  • 27 months of runway, monthly burn < $50K and average Customer Acquisition Cost < $1
  • Massive B2B partnerships with global EdTech players and Telcos like Jazz (largest provider in Pakistan)


Customers


Breshna transforms ordinary people into powerful content creators

Video games are a universal language and Breshna empowers everyone to speak games!

While we have seen a wide range of use cases for Breshna, our super users are: 

  • Teachers and Students: Breshna is being used to create fun and interactive educational games. From teachers in Saudi making math games in Arabic to students in Pakistan co-creating science games as part of a class-room project, Breshna has been enthusiastically adopted by educators, parents and students across the globe.
  • Content Creators: The TikTokers of the world are leveraging Breshna to find new ways to tell their stories and engage their audience! 
  • Screen Platforms: We are powering gaming hubs for major telcos and screen platforms that are hungry for a dynamic, fully customized, hyper engaging catalog of video games.

Teachers, parents, businesses, content creators & social impact leaders are eager to deploy interactive tools that can transform learning, storytelling, brand recognition, and awareness building.

Business model


Breshna's business model leverages 4 recurring revenue streams

Based on an extensive analysis of our user profiles and unique value-add, we have narrowed down 4 revenue streams: 

  1. Premium Subscriptions: A monthly subscription model that unlocks premium game templates and game assets on Breshna, exclusive rewards in the Breshnaverse, as well as unlimited game creation quotas on our AI text-to-game engine BreshnaBlitz.
  2. Breshnaverse Assets: The Breshnaverse carnival stands and customizable metaverse elements will be available for sale through our marketplace. Furthermore, we will introduce our in-game currency for all carnival transactions.
  3. Revenue Share: When game makers monetize their games within the Breshnaverse, Breshna takes a 15% rev share.
  4. Immersive Advertisements: Strategically placed advertisements will be available for purchase throughout the Breshnaverse and on loading screens for Breshna games.

Based on these 4 revenue channels, our projected ARR for 2024 is $814,110 which leads to profitability within the next 12 months. 

Market


Breshna operates at the intersection of 4 exploding tech trends:
No-code/AI, Short-form Content, Purposeful Gaming,
and Web3.

The time is now to democratize content creation with video games! We are specifically leveraging five windows of opportunity:

1. No-code and AI technologies have made content creation super simple and super fast. It is forecasted that the no-code, low-code platform market will grow to $12.3B in 2024. Meanwhile, the global AI market size is predicted to reach $1.8T by 2030.

2. The demand for short-form, snackable content is higher than ever, which is precisely what casual games provide. With games being a universal language, the stage is set for the next TikTok for video games. The global digital content creation market was valued at $28.7B in 2023. 

3. Purposeful gaming is being increasingly utilized for purposes beyond entertainment. The value of the global market for serious games is forecasted to be $32.73B by 2030.

4. Web3 provides seamless and transparent ways for our users to own and monetize their own content. The Web3 Gaming Market size is likely to surpass $133.2B by 2033.

5. Women are an overlooked demographic in gaming. Women in their 30s are active gamers in the casual gaming space, yet are overlooked by traditional gaming creation tools. Within mobile gaming 63% of the market is female, 60% of them play daily, and they spend more than their male counterparts. Empowering women around the world to create their own casual video games is a huge untapped opportunity.

Competition


Breshna is uniquely positioned to democratize content creation with games! 


The world of AI/no-code content creation, user-generated games and web3 is rapidly expanding and Breshna is uniquely positioned at the intersection of these emerging tech trends. Our most significant moats are:

  • Flat learning curve: The current market has several low-code game makers like Modd.io, Scratch, BuildBox that often have a significantly steep learning curve and mostly target game developers. Breshna is serving a truly non-gamer, non-tech audience by leveraging no-code and AI tech. It is simple, fast and free. Based on our customer analysis, simplicity and a flat learning curve are the most important aspects for our users in unleashing the power of video games. What Canva did for design, TikTok did for video, Clubhouse did for audio, we are doing for video games! 
  • Diverse use-cases: Breshna games are being heavily leveraged for purposeful communication (education, social impact, marketing, training etc). While there are several players in the serious games space such as Games For Change or studios like Preloaded, Breshna moves away from the service-based model and empowers its users to create and monetize their own purposeful games. 
  • Global appeal: While most game maker platforms are programmed in English, Breshna enables users to create a game in multiple languages including right-to-left scripts such as Arabic, Urdu and Hebrew. Furthermore, users are able to upload their own assets in their games, making the games truly customized and global. 
  • Not just create but monetize: We are going beyond just game creation and have built the Breshnaverse and the Breshna library to empower our users to showcase and monetize their video games.

Vision and strategy


Empowering the next 100m people to tell their stories with video games

We’re building a tomorrow where anyone, irrespective of budget, time and coding or design skills, is empowered to create their own video games to entertain, educate & engage people!



Impact


Unleashing the power of video games for positive change


Our founder, Mariam Nusrat, grew up playing games, but being a Pakistani muslim female felt there was limited representation in the video games industry. The first time she saw Arabic in a video game, it was in the context of a terrorist plot. When she saw women, they were often over-sexualized and objectified.

Thus, the realization that those who make video games decide on the narrative. We cannot expect the content to be inclusive unless we diversify the pool of people making video games.

We're proud to have worked with non profits to create games for good and leave a lasting impact for change. We've worked to make games like:

  • A run & catch game on endometriosis symptoms
  • A tile matching game on endangered snow leopards
  • A catch-the-answer game about SDG #3: health & wellbeing  
  • A Wordle-inspired game on computer tech
  • A myth-busting game on women in history
  • A whack-a-mole game on French vocabulary

We are on a mission to democratize video game creations for all!


Funding


$2.5m raised in seed funding from Industry Experts & Celebrity Investors Including Paris Hilton & Randi Zuckerberg 

  • $2.5M raised from strategic investors including Paris Hilton’s 11:11 Media, Randi Zuckerberg's BBV, Lisa Carmen’s Bad Bitch Empire, Blockchain Founders Fund and TABLE management (Bill Ackman's Family Office).
  • Latest SAFE was on a $45M post-money cap
  • Monthly burn of less than $50K and a runway of 27 months

While we have runway for over 2 years, our community is rapidly growing and we have a lineup of high-impact events over the next 6 months, offering a unique opportunity to captivate our ever-expanding Bolt Squad. We have received persistent inquiries from our users regarding options to share in our upside. In response, we decided to launch this round of ECF.

The funds we raise through Republic will allow us to (i) double down on our scalable and cost-efficient GTM channels, and (ii) accelerate our product development towards more ambitious launches of the BreshnaBlitz and Breshnaverse and solidify our first mover advantage in the gaming space!

Founders


Award winning founding team with deep expertise in purposeful games 

Our Founder & CEO, Mariam Nusrat, is a US-based Pakistani immigrant with 9 years in the purposeful video games sector and 13 years of experience in the Edtech space, working at the World Bank across 22 different countries. She is now on a mission to build the next Canva for video games. 

Accomplishments include:

  • 🥂 Forbes Next 1000 Entrepreneur
  • 🏅 Recipient of the Clinton Global Initiative Alumni Honor Roll Award
  • 🎊 Winner of The Entrepreneur Elevator Pitch Season 10 Finale (airing Dec 13th)
  • 🗝 Keynote Speaker at DC Startup Week 2023
  • 🥇 Winner of David Meltzer 2 Min Drill TV Show
  • 🔈 2 TedX talks by Mariam & 2 Tedx talks by Rizwan
  • 🏆 GSV Elite 200 - EdTech startups
  • 🔥 DC Inno's 50 on Fire 2018
  • 🚀 Insight Success’ The 10 Most Influential Entrepreneurs to Follow in 2022
  • 🎉 Prepare4VC Top 21 Startup of '21
  • 💫 2018 AdamStart Entrepreneurship Award 
  • ✨ 2015 Andrew E. Rice Award for Leadership and Innovation by the Society of International Development
  • Presented the idea of games for social change on stage with President Clinton
  • Speaker at World Bank OLC with President JYK

Mariam leads a team of 25 highly capital efficient and talented game developers who have worked together for over 11 years in the field of purposeful video games. 

Summary


5 Reasons to invest in Breshna.io

  1. Tech Trend Powerhouse: Breshna stands at the intersection of emerging tech, seamlessly merging no-code simplicity, cutting-edge AI, web3's value-add for content monetization, and the boundless impact of purposeful gaming.

  2. Explosive Growth: 170K registered game makers, 150K+ video games created with 4M+ unique game clicks.

  3. Strategic Investments: $2.5 million in seed funding from industry leaders and celebrity investors, including Paris Hilton's 11:11 Media, Randi Zuckerberg's BBV, Lisa Carmen's BBE & Table Management (Bill Ackman's family office). 

  4. Female-Led Capital Efficient Team: Headed by a seasoned education and purposeful games expert, our team of 25 game-changers brings diversity, capital efficiency, and unwavering motivation. Recognized on Forbes Next 1000 and Clinton Global Initiative Honor Roll, our Founder's expertise includes two Tedx talks and appearances on Entrepreneur Elevator Pitch and David Metlzer’s 2 Min Pitch TV show. 

  5. Global Partnerships: Our extensive B2B collaborations, notably with global EdTech giants and leading Telcos like Jazz, the largest provider in Pakistan, position us as a key player in the global gaming landscape.

$

Deal terms


Valuation cap

$50,000,000

The maximum valuation at which your investment converts into equity shares or cash.
Learn more

Minimum investment

$100

The smallest investment amount that Breshna.io is accepting.
Learn more

Maximum investment

$124,000

The largest investment amount that Breshna.io is accepting.
Learn more

Funding goal

$618K

Breshna.io must achieve its minimum goal of $50K before the deadline. The maximum amount the offering can raise is $618K.
Learn more

Deadline
Breshna.io needs to reach their minimum funding goal before the deadline ( ). If they don’t, all investments will be refunded.
Learn more
Type of security

Crowd SAFE

A SAFE allows an investor to make a cash investment in a company, with rights to receive certain company stock at a later date, in connection with a specific event. · Learn more

Nominee Lead

Chief Executive Officer of the Company (currently Mariam Nusrat)

Will direct the Nominee on certain matters like voting, amendments and conversions affecting the security.
Learn more

How it works

Documents

Republic (OpenDeal Portal LLC, CRD #283874) is hosting this Reg CF securities offering by Gaming Revolution for International Development Inc . View the official SEC filing and all updates:
Official SEC Logo Form C SEC.gov
Company documents
Breshna.io Crowd SAFE Gaming Revolution (Breshna) Form C.pdf

Bonus perks

In addition to your Crowd SAFE, you'll receive perks for investing in Breshna.io.
6 investors
Invest
$500
Receive
  • Free carnival stand in Breshnaverse
    Limited (44 left of 50)
Invest $500
Invest
$2,000
Receive
  • Free carnival stand in Breshnaverse +
  • White glove onboarding for Breshnaverse carnival stands +
  • 2 free games developed for you to display at carnival stands
    Limited (50 left of 50)
Invest $2,000
1 investor
Invest
$5,000
Receive
  • Free carnival stand in Breshnaverse +
  • Free custom 3D avatar in Breshnaverse +
  • Free custom avatar for breshna games +
  • White glove onboarding for Breshnaverse carnival stands +
  • 5 free games developed for you to display at carnival stands
    Limited (49 left of 50)
Invest $5,000
Invest
$20,000
Receive
  • Dedicated Breshnaverse festival arranged just for you! You get:
  • 10 carnival stands for the festival,
  • 10 free custom games,
  • 2 custom 3D avatars that will walk in the Breshnaverse.
    Limited (15 left of 15)
Invest $20,000

About Breshna.io

Legal Name
Gaming Revolution for International Development Inc
Founded
Mar 2021
Form
Delaware Corporation
Employees
2
Website
breshna.io
Social Media
Headquarters
Google Map location of of Breshna.io
2727 Bowling Green Drive , Vienna, VA
Headquarters
2727 Bowling Green Drive, Vienna, VA, United States 22180

Breshna.io Team
Everyone helping build Breshna.io, not limited to employees

Profile picture of Mariam Nusrat
Mariam Nusrat
Founder & CEO
Featured in Superheroes · Read
Profile picture of Rizwan  Nusrat
Rizwan Nusrat
COO
Profile picture of Matt Miller
Matt Miller
CFO
Profile picture of Lyndsey  Gago
Lyndsey Gago
Chief of Staff
Profile picture of Arslan  Janjua
Arslan Janjua
Design Lead
Profile picture of Uzair Ahmed
Uzair Ahmed
Tech Lead
Profile picture of Joanna Kurylo
Joanna Kurylo
Growth Strategist
Profile picture of Aly  Madhavji
Aly Madhavji
Lead Investor (Web3)
Profile picture of Mark Phillips
Mark Phillips
Lead Investor
7 more team members
Mariam Nusrat
Founder & CEO
Matt Miller
CFO
Lyndsey Gago
Chief of Staff
Rizwan Nusrat
COO
Arslan Janjua
Design Lead
Uzair Ahmed
Tech Lead
Joanna Kurylo
Growth Strategist
Aly Madhavji
Lead Investor (Web3)
Mark Phillips
Lead Investor

Upcoming events

Unicorn Hunt
DEC
14
2:00pm–3:00pm EST 2:00PM EST

Unicorn Hunt

Please join us on Thursday December 14, 2023 for this month's edition of The Unicorn Hunt! This virtual event features entrepreneurs pitching their startups to YOU - our valu...

RSVP

Press

DC STARTUP WEEK 2023: Day One | Kickoff Keynote with Mari...
YouTube YouTube
·
Nov 11, 2023

Marium Nusrat was once a local international development executive to now on the Forbes Next 1000 Entrepreneurs to Watch ...

No Code, No Problem: Building Games With Mariam Nusrat
Coindesk Coindesk
·
Mar 1, 2023

Get to know Forbes-recognized game developers, who are at the forefront of the Web3 gaming technology revolution.

Mariam Nusrat Takes Gaming to New Heights | Featured Late...
Pioneer Institute Pioneer Institute
·
May 26, 2022

Learn all about Mariam Nusrat Takes Gaming to New Heights and other public policy research within Featured from Pioneer I...

Mariam Nusrat's pitch on David Meltzer's 2 Minute Drill T...
YouTube YouTube
·
May 7, 2022

Breshna.io empowers users to create, share and monetize their own video games with no code and at lightning speed!

Pakistani woman makes it to Forbes 'Next 1000 List' | The...
The Express Tribune
·
Jun 18, 2021

A Pakistani woman, Mariam Nusrat, has made it to the " Forbes Next 1000 List," which celebrates the start-ups with unlimi...

‎Crypto Cafe With Randi Zuckerberg: Breshna: Making Video...
Apple Podcasts Apple Podcasts

Mariam Nusrat, Founder & CEO of Breshna, joins Randi to talk about building a no-code platform for making purposeful web3...

GRID raises $2.3m in Seed funding from Blockchain Founder...

Seed Funding Announcement

What Gamification Can Teach Us
Mallory Erickson Mallory Erickson

Mariam is an entrepreneur operating at the intersection of no-code, gaming, purposeful content creation & blockchain.

Show all

FAQ

Why is the Breshna team running (another) ECF campaign?

Why is the Breshna team running (another) ECF campaign?

At Breshna, we’re committed to breaking barriers, the cost, time and skills barriers of making games. But why stop there? We are now breaking another barrier, the barrier of investing.


We refuse to limit our cap table to only accredited investors, our bolt squad deserves a chance to share in our upside and ride the success wave with us.

Our community is rapidly growing and we have a lineup of high-impact events throughout the upcoming quarter, offering a prime chance to captivate our ever-expanding Bolt Squad. We have been asked again and again by our users how they can join the Breshna journey and so we decided to launch another round of ECF to give our community a last opportunity to jump on before the Series A. 


The idea for this ECF actually came after our participation in the Entrepreneur Elevator Pitch TV show, we wanted a means to capture any interest from the show which on average has 1m views per episode.


We are on a mission to empower the next 100m to tell their stories through video games and we would love for you to join that journey, not just as empowered content creators but also as our investors!! :D


What is the size of the team working on Breshna?

What is the size of the team working on Breshna?

We are a large, capital-efficient team with a global presence: 

  • US-based: 2 FT W2 employees (Mariam Nusrat and Matt Miller), 1 1099 contractor 
  • International staff: 22 developers and designers and 1 social media agency

Note that the Form C only lists US-based W2 employees.

What is the difference between GRID and Breshna? What does Breshna mean?

What is the difference between GRID and Breshna? What does Breshna mean?

GRID is the company (a DE-based US C-corp) and Breshna.io is the product.

Breshna means lightning in the Pashto language, our Founder's mother tongue.
GRID is an acronym for Gaming Revolution for International Development. 

What must I do to receive my equity or cash in the event of the conversion of my Crowd SAFE?

What must I do to receive my equity or cash in the event of the conversion of my Crowd SAFE?

Suppose the Company converts the Crowd SAFE as a result of an equity financing. In that case, you must open a custodial account with the custodian and sign subscription documentation to receive the equity securities. The Company will notify you of the conversion trigger, and you must complete necessary documentation within 30 days of such notice. If you do not complete the required documentation with that time frame, you will only be able to receive an amount of cash equal to (or less in some circumstances) your investment amount. Unclaimed cash will be subject to relevant escheatment laws. For more information, see the Crowd SAFE for this offering.

If the conversion of the Crowd SAFE is triggered as a result of a Liquidity Event (e.g. M&A or an IPO), then you will be required to select between receiving a cash payment (equal to your investment amount or a lesser amount) or equity.  You are required to make your selection (and complete any relevant documentation) within 30 days of such receiving notice from the Company of the conversion trigger, otherwise you will receive the cash payment option, which will be subject to relevant escheatment laws. The equity consideration varies depending on whether the Liquidity Event occurs before or after an equity financing. For more information, see the Crowd SAFE for this offering.

How do I earn a return?

How do I earn a return?

We are using Republic's Crowd SAFE security. Learn how this translates into a return on investment here.

What is the justification behind the $50m post-money cap?

What is the justification behind the $50m post-money cap?

The valuation is a product of 3 key factors:

  1. Funds already raised: Our $2.55 million seed round closed at a $45 million post-money cap on SAFE notes and we are backed by 29 industry experts in content creation, metaverse, and gaming who see the massive opportunity in Breshna.

  2. Traction: We used this funding to exceed our growth targets by 40x (went from 4000 registered game makers to 160k in less than 10 months); We have a 27-month runway, and are launching a virtual carnival-themed metaverse and an AI-driven text-to-game engine this year to meet user demands.

  3. Massive opportunity: We are positioned at the intersection of democratized content creation, gaming, and AI, each of which is a multi-billion dollar market. Canva is valued at $40B, TikTok at $60B, we are building a decacorn and we believe this is just the beginning. 

Still have questions? Check the discussion section.
Show all FAQ

Risks

The amount of capital the Issuer is attempting to raise in this Offering may not be enough to sustain the Issuer’s current business plan.

In order to achieve the Issuer’s near and long-term goals, the Issuer may need to procure funds in addition to the amount raised in the Offering. There is no guarantee the Issuer will be able to raise such funds on acceptable terms or at all. If we are not able to raise sufficient capital in the future, we may not be able to execute our business plan, our continued operations will be in jeopardy and we may be forced to cease operations and sell or otherwise transfer all or substantially all of our remaining assets, which could cause an Investor to lose all or a portion of their investment.

We have a limited operating history upon which you can evaluate our performance, and accordingly, our prospects must be considered in light of the risks that any new company encounters.

The Issuer is still in an early phase and we are just beginning to implement our business plan. There can be no assurance that we will ever operate profitably or on a consistent basis. The likelihood of our success should be considered in light of the problems, expenses, difficulties, complications and delays usually encountered by early stage companies. The Issuer may not be successful in attaining the objectives necessary for it to overcome these risks and uncertainties.

Global crises and geopolitical events, including without limitation, COVID-19 can have a significant effect on our business operations and revenue projections.

A significant outbreak of contagious diseases, such as COVID-19, in the human population could result in a widespread health crisis. Additionally, geopolitical events, such as wars or conflicts, could result in global disruptions to supplies, political uncertainty and displacement. Each of these crises could adversely affect the economies and financial markets of many countries, including the United States where we principally operate, resulting in an economic downturn that could reduce the demand for our products and services and impair our business prospects, including as a result of being unable to raise additional capital on acceptable terms, if at all.

We may face potential difficulties in obtaining capital.

We may have difficulty raising needed capital in the future as a result of, among other factors, a lack of revenues from sales, as well as the inherent business risks associated with the Issuer and present and future market conditions. Additionally, our future sources of revenue may not be sufficient to meet our future capital requirements. As such, we may require additional funds to execute our business strategy and conduct our operations. If adequate funds are unavailable, we may be required to delay, reduce the scope of or eliminate one or more of our research, development or commercialization programs, product launches or marketing efforts, any of which may materially harm our business, financial condition and results of operations.

We may not have enough authorized capital stock to issue shares of common stock to investors upon the conversion of any security convertible into shares of our common stock, including the Securities.

Unless we increase our authorized capital stock, we may not have enough authorized common stock to be able to obtain funding by issuing shares of our common stock or securities convertible into shares of our common stock. We may also not have enough authorized capital stock to issue shares of common stock to investors upon the conversion of any security convertible into shares of our common stock, including the Securities.

We may implement new lines of business or offer new products and services within existing lines of business.

As an early-stage company, we may implement new lines of business at any time. There are substantial risks and uncertainties associated with these efforts, particularly in instances where the markets are not fully developed. In developing and marketing new lines of business and/or new products and services, we may invest significant time and resources. Initial timetables for the introduction and development of new lines of business and/or new products or services may not be achieved, and price and profitability targets may not prove feasible. We may not be successful in introducing new products and services in response to industry trends or developments in technology, or those new products may not achieve market acceptance. As a result, we could lose business, be forced to price products and services on less advantageous terms to retain or attract clients or be subject to cost increases. As a result, our business, financial condition or results of operations may be adversely affected.

We rely on other companies to provide services for our platforms.

We depend on third party vendors to meet our contractual obligations to our customers and conduct our operations. Our ability to meet our obligations to our customers may be adversely affected if vendors do not provide the agreed-upon services in compliance with customer requirements and in a timely and cost-effective manner. Likewise, the quality of our services may be adversely impacted if companies to whom we delegate certain services do not perform to our, and our customers’, expectations. Our vendors may also be unable to quickly recover from natural disasters and other events beyond their control and may be subject to additional risks such as financial problems that limit their ability to conduct their operations. The risk of these adverse effects may be greater in circumstances where we rely on only one or two vendors for a particular service.

We rely on various intellectual property rights, including trademarks, in order to operate our business.

The Issuer relies on certain intellectual property rights to operate its business. The Issuer’s intellectual property rights may not be sufficiently broad or otherwise may not provide us a significant competitive advantage. In addition, the steps that we have taken to maintain and protect our intellectual property may not prevent it from being challenged, invalidated, circumvented or designed-around, particularly in countries where intellectual property rights are not highly developed or protected. In some circumstances, enforcement may not be available to us because an infringer has a dominant intellectual property position or for other business reasons, or countries may require compulsory licensing of our intellectual property. Our failure to obtain or maintain intellectual property rights that convey competitive advantage, adequately protect our intellectual property or detect or prevent circumvention or unauthorized use of such property, could adversely impact our competitive position and results of operations. We also rely on nondisclosure and noncompetition agreements with employees, consultants and other parties to protect, in part, trade secrets and other proprietary rights. There can be no assurance that these agreements will adequately protect our trade secrets and other proprietary rights and will not be breached, that we will have adequate remedies for any breach, that others will not independently develop substantially equivalent proprietary information or that third parties will not otherwise gain access to our trade secrets or other proprietary rights. As we expand our business, protecting our intellectual property will become increasingly important. The protective steps we have taken may be inadequate to deter our competitors from using our proprietary information. In order to protect or enforce our intellectual property rights, we may be required to initiate litigation against third parties, such as infringement lawsuits. Also, these third parties may assert claims against us with or without provocation. The law relating to the scope and validity of claims in the technology field in which we operate is still evolving and, consequently, intellectual property positions in our industry are generally uncertain. These lawsuits could be expensive, take significant time and could divert management’s attention from other business concerns. We cannot assure you that we will prevail in any of these potential suits or that the damages or other remedies awarded, if any, would be commercially valuable.

The Issuer’s success depends on the experience and skill of its executive officers and key personnel.

We are dependent on our executive officers and key personnel. These persons may not devote their full time and attention to the matters of the Issuer. The loss of all or any of our executive officers and key personnel could harm the Issuer’s business, financial condition, cash flow and results of operations.

Although dependent on certain key personnel, the Issuer does not have any key person life insurance policies on any such people.

We are dependent on certain key personnel in order to conduct our operations and execute our business plan, however, the Issuer has not purchased any insurance policies with respect to those individuals in the event of their death or disability. Therefore, if any of these personnel die or become disabled, the Issuer will not receive any compensation to assist with such person’s absence. The loss of such person could negatively affect the Issuer and our operations. We have no way to guarantee key personnel will stay with the Issuer, as many states do not enforce non-competition agreements, and therefore acquiring key man insurance will not ameliorate all of the risk of relying on key personnel.

In order for the Issuer to compete and grow, it must attract, recruit, retain and develop the necessary personnel who have the needed experience.

Recruiting and retaining highly qualified personnel is critical to our success. These demands may require us to hire additional personnel and will require our existing management and other personnel to develop additional expertise. We face intense competition for personnel, making recruitment time-consuming and expensive. The failure to attract and retain personnel or to develop such expertise could delay or halt the development and commercialization of our product candidates. If we experience difficulties in hiring and retaining personnel in key positions, we could suffer from delays in product development, loss of customers and sales and diversion of management resources, which could adversely affect operating results. Our consultants and advisors may be employed by third parties and may have commitments under consulting or advisory contracts with third parties that may limit their availability to us, which could further delay or disrupt our product development and growth plans.

We need to rapidly and successfully develop and introduce new products in a competitive, demanding and rapidly changing environment.

To succeed in our intensely competitive industry, we must continually improve, refresh and expand our product and service offerings to include newer features, functionality or solutions, and keep pace with changes in the industry. Shortened product life cycles due to changing customer demands and competitive pressures may impact the pace at which we must introduce new products or implement new functions or solutions. In addition, bringing new products or solutions to the market entails a costly and lengthy process, and requires us to accurately anticipate changing customer needs and trends. We must continue to respond to changing market demands and trends or our business operations may be adversely affected.

The development and commercialization of our products is highly competitive.

We face competition with respect to any products that we may seek to develop or commercialize in the future. Our competitors include major companies worldwide. Many of our competitors have significantly greater financial, technical and human resources than we have and superior expertise in research and development and marketing approved products and thus may be better equipped than us to develop and commercialize products. These competitors also compete with us in recruiting and retaining qualified personnel and acquiring technologies. Smaller or early stage companies may also prove to be significant competitors, particularly through collaborative arrangements with large and established companies. Accordingly, our competitors may commercialize products more rapidly or effectively than we are able to, which would adversely affect our competitive position, the likelihood that our products will achieve initial market acceptance, and our ability to generate meaningful additional revenues from our products.

Industry consolidation may result in increased competition, which could result in a loss of customers or a reduction in revenue.

Some of our competitors have made or may make acquisitions or may enter into partnerships or other strategic relationships to offer more comprehensive services than they individually had offered or achieve greater economies of scale. In addition, new entrants not currently considered to be competitors may enter our market through acquisitions, partnerships or strategic relationships. We expect these trends to continue as companies attempt to strengthen or maintain their market positions. The potential entrants may have competitive advantages over us, such as greater name recognition, longer operating histories, more varied services and larger marketing budgets, as well as greater financial, technical and other resources. The companies resulting from combinations or that expand or vertically integrate their business to include the market that we address may create more compelling service offerings and may offer greater pricing flexibility than we can or may engage in business practices that make it more difficult for us to compete effectively, including on the basis of price, sales and marketing programs, technology or service functionality. These pressures could result in a substantial loss of our customers or a reduction in our revenue.

If we are unsuccessful in adding users of our platform, or if our clients decrease their level of engagement, our revenue, financial results, and business may be significantly harmed.

We offer a no-code game maker platform, called Breshna, that empowers users to make video games at low-cost, with no-code and at lightning speed. The number of users of our platform and our client’s level of engagement will be critical to our success. Our financial performance will be significantly determined by our success in adding, retaining, and engaging active users of our platform and the services offered. If clients do not perceive our platform or services provided thereunder to be useful, reliable, and trustworthy, we may not be able to attract or retain users or otherwise maintain or increase the frequency and duration of their engagement. There is no guarantee that we will not experience an erosion of our active client base or engagement levels in the future.

Damage to our reputation could negatively impact our business, financial condition and results of operations.

Our reputation and the quality of our brand are critical to our business and success in existing markets, and will be critical to our success as we enter new markets. Any incident that erodes consumer loyalty for our brand could significantly reduce its value and damage our business. We may be adversely affected by any negative publicity, regardless of its accuracy. Also, there has been a marked increase in the use of social media platforms and similar devices, including blogs, social media websites and other forms of internet-based communications that provide individuals with access to a broad audience of consumers and other interested persons. The availability of information on social media platforms is virtually immediate as is its impact. Information posted may be adverse to our interests or may be inaccurate, each of which may harm our performance, prospects or business. The harm may be immediate and may disseminate rapidly and broadly, without affording us an opportunity for redress or correction.

We have not prepared any audited financial statements.

The financial statements attached as Exhibit A to this Form C have been “reviewed” only and such financial statements have not been verified with outside evidence as to management’s amounts and disclosures. Additionally, tests on internal controls have not been conducted. Therefore, you will have no audited financial information regarding the Issuer’s capitalization or assets or liabilities on which to make your investment decision.

Our business could be negatively impacted by cyber security threats, attacks and other disruptions.

We may face advanced and persistent attacks on our information infrastructure where we manage and store various proprietary information and sensitive/confidential data relating to our operations. These attacks may include sophisticated malware (viruses, worms, and other malicious software programs) and phishing emails that attack our products or otherwise exploit any security vulnerabilities. These intrusions sometimes may be zero-day malware that are difficult to identify because they are not included in the signature set of commercially available antivirus scanning programs. Experienced computer programmers and hackers may be able to penetrate our network security and misappropriate or compromise our confidential information or that of our customers or other third-parties, create system disruptions, or cause shutdowns. Additionally, sophisticated software and applications that we produce or procure from third-parties may contain defects in design or manufacture, including “bugs” and other problems that could unexpectedly interfere with the operation of the information infrastructure. A disruption, infiltration or failure of our information infrastructure systems or any of our data centers as a result of software or hardware malfunctions, computer viruses, cyber-attacks, employee theft or misuse, power disruptions, natural disasters or accidents could cause breaches of data security, loss of critical data and performance delays, which in turn could adversely affect our business.

Security breaches of confidential customer information, in connection with our electronic processing of credit and debit card transactions, or confidential employee information may adversely affect our business.

Our business requires the collection, transmission and retention of personally identifiable information, in various information technology systems that we maintain and in those maintained by third parties with whom we contract to provide services. The integrity and protection of that data is critical to us. The information, security and privacy requirements imposed by governmental regulation are increasingly demanding. Our systems may not be able to satisfy these changing requirements and customer and employee expectations, or may require significant additional investments or time in order to do so. A breach in the security of our information technology systems or those of our service providers could lead to an interruption in the operation of our systems, resulting in operational inefficiencies and a loss of profits. Additionally, a significant theft, loss or misappropriation of, or access to, customers’ or other proprietary data or other breach of our information technology systems could result in fines, legal claims or proceedings.

The use of individually identifiable data by our business, our business associates and third parties is regulated at the state, federal and international levels.

The regulation of individual data is changing rapidly, and in unpredictable ways. A change in regulation could adversely affect our business, including causing our business model to no longer be viable. Costs associated with information security – such as investment in technology, the costs of compliance with consumer protection laws and costs resulting from consumer fraud – could cause our business and results of operations to suffer materially. Additionally, the success of our online operations depends upon the secure transmission of confidential information over public networks, including the use of cashless payments. The intentional or negligent actions of employees, business associates or third parties may undermine our security measures. As a result, unauthorized parties may obtain access to our data systems and misappropriate confidential data. There can be no assurance that advances in computer capabilities, new discoveries in the field of cryptography or other developments will prevent the compromise of our customer transaction processing capabilities and personal data. If any such compromise of our security or the security of information residing with our business associates or third parties were to occur, it could have a material adverse effect on our reputation, operating results and financial condition. Any compromise of our data security may materially increase the costs we incur to protect against such breaches and could subject us to additional legal risk.

The Issuer is not subject to Sarbanes-Oxley regulations and may lack the financial controls and procedures of public companies.

The Issuer may not have the internal control infrastructure that would meet the standards of a public company, including the requirements of the Sarbanes Oxley Act of 2002. As a privately-held (non-public) issuer, the Issuer is currently not subject to the Sarbanes Oxley Act of 2002, and its financial and disclosure controls and procedures reflect its status as a development stage, non-public company. There can be no guarantee that there are no significant deficiencies or material weaknesses in the quality of the Issuer’s financial and disclosure controls and procedures. If it were necessary to implement such financial and disclosure controls and procedures, the cost to the Issuer of such compliance could be substantial and could have a material adverse effect on the Issuer’s results of operations.

Changes in federal, state or local laws and government regulation could adversely impact our business.

The Issuer is subject to legislation and regulation at the federal and local levels and, in some instances, at the state level. New laws and regulations may impose new and significant disclosure obligations and other operational, marketing and compliance-related obligations and requirements, which may lead to additional costs, risks of non-compliance, and diversion of our management's time and attention from strategic initiatives. Additionally, federal, state and local legislators or regulators may change current laws or regulations which could adversely impact our business. Further, court actions or regulatory proceedings could also change our rights and obligations under applicable federal, state and local laws, which cannot be predicted. Modifications to existing requirements or imposition of new requirements or limitations could have an adverse impact on our business.

We operate in a highly regulated environment, and if we are found to be in violation of any of the federal, state, or local laws or regulations applicable to us, our business could suffer.

We are also subject to a wide range of federal, state, and local laws and regulations. The violation of these or future requirements or laws and regulations could result in administrative, civil, or criminal sanctions against us, which may include fines, a cease and desist order against the subject operations or even revocation or suspension of our license to operate the subject business. As a result, we may incur capital and operating expenditures and other costs to comply with these requirements and laws and regulations.

Changes in employment laws or regulation could harm our performance.

Various federal and state labor laws govern our relationship with our employees and affect operating costs. These laws include minimum wage requirements, overtime pay, healthcare reform and the implementation of the Patient Protection and Affordable Care Act, unemployment tax rates, workers’ compensation rates, citizenship requirements, union membership and sales taxes. A number of factors could adversely affect our operating results, including additional government- imposed increases in minimum wages, overtime pay, paid leaves of absence and mandated health benefits, mandated training for employees, increased tax reporting and tax payment requirements for employees who receive tips, a reduction in the number of states that allow tips to be credited toward minimum wage requirements, changing regulations from the National Labor Relations Board and increased employee litigation including claims relating to the Fair Labor Standards Act.

State and federal securities laws are complex, and the Issuer could potentially be found to have not complied with all relevant state and federal securities law in prior offerings of securities.

The Issuer has conducted previous offerings of securities and may not have complied with all relevant state and federal securities laws. If a court or regulatory body with the required jurisdiction ever concluded that the Issuer may have violated state or federal securities laws, any such violation could result in the Issuer being required to offer rescission rights to investors in such offering. If such investors exercised their rescission rights, the Issuer would have to pay to such investors an amount of funds equal to the purchase price paid by such investors plus interest from the date of any such purchase. No assurances can be given the Issuer will, if it is required to offer such investors a rescission right, have sufficient funds to pay the prior investors the amounts required or that proceeds from this Offering would not be used to pay such amounts.

In addition, if the Issuer violated federal or state securities laws in connection with a prior offering and/or sale of its securities, federal or state regulators could bring an enforcement, regulatory and/or other legal action against the Issuer which, among other things, could result in the Issuer having to pay substantial fines and be prohibited from selling securities in the future.

The U.S. Securities and Exchange Commission does not pass upon the merits of the Securities or the terms of the Offering, nor does it pass upon the accuracy or completeness of any Offering document or literature.

You should not rely on the fact that our Form C is accessible through the U.S. Securities and Exchange Commission’s EDGAR filing system as an approval, endorsement or guarantee of compliance as it relates to this Offering. The U.S. Securities and Exchange Commission has not reviewed this Form C, nor any document or literature related to this Offering.

Neither the Offering nor the Securities have been registered under federal or state securities laws.

No governmental agency has reviewed or passed upon this Offering or the Securities. Neither the Offering nor the Securities have been registered under federal or state securities laws. Investors will not receive any of the benefits available in registered offerings, which may include access to quarterly and annual financial statements that have been audited by an independent accounting firm. Investors must therefore assess the adequacy of disclosure and the fairness of the terms of this Offering based on the information provided in this Form C and the accompanying exhibits.

The Issuer's management may have broad discretion in how the Issuer uses the net proceeds of the Offering.

Unless the Issuer has agreed to a specific use of the proceeds from the Offering, the Issuer’s management will have considerable discretion over the use of proceeds from the Offering. You may not have the opportunity, as part of your investment decision, to assess whether the proceeds are being used appropriately.

The Intermediary Fees paid by the Issuer are subject to change depending on the success of the Offering.

At the conclusion of the Offering, the Issuer shall pay the Intermediary the greater of (A) a fee of six percent (6%) of the dollar amount raised in the Offering or (B) a cash fee of twelve thousand dollars ($12,000.00). The compensation paid by the Issuer to the Intermediary may impact how the Issuer uses the net proceeds of the Offering.

The Issuer has the right to limit individual Investor commitment amounts based on the Issuer’s determination of an Investor’s sophistication.

The Issuer may prevent any Investor from committing more than a certain amount in this Offering based on the Issuer’s determination of the Investor’s sophistication and ability to assume the risk of the investment. This means that your desired investment amount may be limited or lowered based solely on the Issuer’s determination and not in line with relevant investment limits set forth by the Regulation CF rules. This also means that other Investors may receive larger allocations of the Offering based solely on the Issuer’s determination.

The Issuer has the right to extend the Offering Deadline.

The Issuer may extend the Offering Deadline beyond what is currently stated herein. This means that your investment may continue to be held in escrow while the Issuer attempts to raise the Target Offering Amount even after the Offering Deadline stated herein is reached. While you have the right to cancel your investment in the event the Issuer extends the Offering Deadline, if you choose to reconfirm your investment, your investment will not be accruing interest during this time and will simply be held until such time as the new Offering Deadline is reached without the Issuer receiving the Target Offering Amount, at which time it will be returned to you without interest or deduction, or the Issuer receives the Target Offering Amount, at which time it will be released to the Issuer to be used as set forth herein. Upon or shortly after the release of such funds to the Issuer, the Securities will be issued and distributed to you.

The Issuer may also end the Offering early.

If the Target Offering Amount is met after 21 calendar days, but before the Offering Deadline, the Issuer can end the Offering by providing notice to Investors at least 5 business days prior to the end of the Offering. This means your failure to participate in the Offering in a timely manner, may prevent you from being able to invest in this Offering – it also means the Issuer may limit the amount of capital it can raise during the Offering by ending the Offering early.

The Issuer has the right to conduct multiple closings during the Offering.

If the Issuer meets certain terms and conditions, an intermediate close (also known as a rolling close) of the Offering can occur, which will allow the Issuer to draw down on seventy percent (70%) of Investor proceeds committed and captured in the Offering during the relevant period. The Issuer may choose to continue the Offering thereafter. Investors should be mindful that this means they can make multiple investment commitments in the Offering, which may be subject to different cancellation rights. For example, if an intermediate close occurs and later a material change occurs as the Offering continues, Investors whose investment commitments were previously closed upon will not have the right to re-confirm their investment as it will be deemed to have been completed prior to the material change.

Investors will not have voting rights, even upon conversion of the Securities and will grant a third-party nominee broad power and authority to act on their behalf.

In connection with investing in this Offering to purchase a Crowd SAFE (Simple Agreement for Future Equity) investors will designate Republic Investment Services LLC (f/k/a NextSeed Services, LLC) (the “Nominee”) to act on their behalf as agent and proxy in all respects. The Nominee will be entitled, among other things, to exercise any voting rights (if any) conferred upon the holder of the Securities or any securities acquired upon their conversion, to execute on behalf of an investor all transaction documents related to the transaction or other corporate event causing the conversion of the Securities, and as part of the conversion process the Nominee has the authority to open an account in the name of a qualified custodian, of the Nominee’s sole discretion, to take custody of any securities acquired upon conversion of the Securities. Thus, by participating in the Offering, investors will grant broad discretion to a third party (the Nominee and its agents) to take various actions on their behalf, and investors will essentially not be able to vote upon matters related to the governance and affairs of the Issuer nor take or effect actions that might otherwise be available to holders of the Securities and any securities acquired upon their conversion. Investors should not participate in the Offering unless he, she or it is willing to waive or assign certain rights that might otherwise be afforded to a holder of the Securities to the Nominee and grant broad authority to the Nominee to take certain actions on behalf of the investor, including changing title to the Security.

The Securities will not be freely tradable under the Securities Act until one year from when the securities are issued. Although the Securities may be tradable under federal securities law, state securities regulations may apply, and each Investor should consult with their attorney.

You should be aware of the long-term nature of this investment. There is not now and likely will not ever be a public market for the Securities. Because the Securities have not been registered under the Securities Act or under the securities laws of any state or foreign jurisdiction, the Securities have transfer restrictions and cannot be resold in the United States except pursuant to Rule 501 of Regulation CF. It is not currently contemplated that registration under the Securities Act or other securities laws will be effected. Limitations on the transfer of the Securities may also adversely affect the price that you might be able to obtain for the Securities in a private sale. Investors should be aware of the long-term nature of their investment in the Issuer. Each Investor in this Offering will be required to represent that they are purchasing the Securities for their own account, for investment purposes and not with a view to resale or distribution thereof. If a transfer, resale, assignment or distribution of the Security should occur prior to the conversion of the Security or after, if the Security is still held by the original purchaser directly, the transferee, purchaser, assignee or distribute, as relevant, will be required to sign a new Nominee Rider (as defined in the Security) and provide personally identifiable information to the Nominee sufficient to establish a custodial account at a later date and time. Under the Terms of the Securities, the Nominee has the right to place shares received from the conversion of the Security into a custodial relationship with a qualified third party and have said Nominee be listed as the holder of record. In this case, Investors will only have a beneficial interest in the equity securities derived from the Securities, not legal ownership, which may make their resale more difficult as it will require coordination with the custodian and Republic Investment Services.

A substantial majority of the Company is owned by a small number of owners and they will exercise voting control.

Prior to the Offering, a small number of current stockholders, including our Founder and CEO and other executive officers, beneficially own a majority of the Issuer. Subject to any fiduciary duties owed to other stockholders or investors under Delaware law, these stockholders will be able to exercise significant influence over matters requiring stockholder approval, including the election of directors and approval of significant Issuer transactions, and will have significant control over the Issuer’s management and policies. These stockholders may have interests that are different from yours. For example, these stockholders may support proposals and actions with which you may disagree. The concentration of ownership could delay or prevent a change in control of the Issuer or otherwise discourage a potential acquirer from attempting to obtain control of the Issuer, which in turn could reduce the price potential investors are willing to pay for the Issuer. In addition, these stockholders could use their voting influence to maintain the Issuer’s existing management, delay or prevent changes in control of the Issuer, issue additional securities which may dilute you, repurchase securities of the Issuer, enter into transactions with related parties or support or reject other management and board proposals that are subject to stockholder approval.

Investors will not become equity holders until the Issuer decides to convert the Securities or until there is a change of control or sale of substantially all of the Issuer’s assets. The Investor may never directly hold equity in the Issuer.

Investors will not have an ownership claim to the Issuer or to any of its assets or revenues for an indefinite amount of time and depending on when and how the Securities are converted, the Investors may never become equity holders of the Issuer. Investors will not become equity holders of the Issuer unless the Issuer receives a future round of financing great enough to trigger a conversion and the Issuer elects to convert the Securities. The Issuer is under no obligation to convert the Securities. In certain instances, such as a sale of the Issuer or substantially all of its assets, an initial public offering or a dissolution or bankruptcy, the Investors may only have a right to receive cash, to the extent available, rather than equity in the Issuer. Further, the Investor may never become an equity holder, merely a beneficial owner of an equity interest, should the Issuer or the Nominee decide to move the Crowd SAFE or the securities issuable thereto into a custodial relationship.

Investors will not be entitled to any inspection or information rights other than those required by law.

Investors will not have the right to inspect the books and records of the Issuer or to receive financial or other information from the Issuer, other than as required by law. Other security holders of the Issuer may have such rights. Regulation CF requires only the provision of an annual report on Form C and no additional information. Additionally, there are numerous methods by which the Issuer can terminate annual report obligations, resulting in no information rights, contractual, statutory or otherwise, owed to Investors. This lack of information could put Investors at a disadvantage in general and with respect to other security holders, including certain security holders who have rights to periodic financial statements and updates from the Issuer such as quarterly unaudited financials, annual projections and budgets, and monthly progress reports, among other things.

Investors will be unable to declare the Security in “default” and demand repayment.

Unlike convertible notes and some other securities, the Securities do not have any “default” provisions upon which Investors will be able to demand repayment of their investment. The Issuer has ultimate discretion as to whether or not to convert the Securities upon a future equity financing and Investors have no right to demand such conversion. Only in limited circumstances, such as a liquidity event, may Investors demand payment and even then, such payments will be limited to the amount of cash available to the Issuer.

The Issuer may never elect to convert the Securities or undergo a liquidity event and Investors may have to hold the Securities indefinitely.

The Issuer may never conduct a future equity financing or elect to convert the Securities if such future equity financing does occur. In addition, the Issuer may never undergo a liquidity event such as a sale of the Issuer or an initial public offering. If neither the conversion of the Securities nor a liquidity event occurs, Investors could be left holding the Securities in perpetuity. The Securities have numerous transfer restrictions and will likely be highly illiquid, with no secondary market on which to sell them. If a transfer, resale, assignment or distribution of the Security should occur prior to the conversion of the Security or after, if the Security is still held by the original purchaser directly, the transferee, purchaser, assignee or distribute, as relevant, will be required to sign a new Nominee Rider (as defined in the Security) and provide personally identifiable information to the Nominee sufficient to establish a custodial account at a later date and time. Under the terms of the Securities, the Nominee has the right to place shares received from the conversion of the Security into a custodial relationship with a qualified third party and have said Nominee be listed as the holder of record. In this case, Investors will only have a beneficial interest in the equity securities derived from the Securities, not legal ownership, which may make their resale more difficult as it will require coordination with the custodian and Republic Investment Services. The Securities are not equity interests, have no ownership rights, have no rights to the Issuer’s assets or profits and have no voting rights or ability to direct the Issuer or its actions.

Any equity securities acquired upon conversion of the Securities may be significantly diluted as a consequence of subsequent equity financings.

The Issuer’s equity securities will be subject to dilution. The Issuer intends to issue additional equity to employees and third-party financing sources in amounts that are uncertain at this time, and as a consequence holders of equity securities resulting from the conversion of the Securities will be subject to dilution in an unpredictable amount. Such dilution may reduce the Investor’s control and economic interests in the Issuer.

The amount of additional financing needed by the Issuer will depend upon several contingencies not foreseen at the time of this Offering. Generally, additional financing (whether in the form of loans or the issuance of other securities) will be intended to provide the Issuer with enough capital to reach the next major corporate milestone. If the funds received in any additional financing are not sufficient to meet the Issuer’s needs, the Issuer may have to raise additional capital at a price unfavorable to their existing investors, including the holders of the Securities. The availability of capital is at least partially a function of capital market conditions that are beyond the control of the Issuer. There can be no assurance that the Issuer will be able to accurately predict the future capital requirements necessary for success or that additional funds will be available from any source. Failure to obtain financing on favorable terms could dilute or otherwise severely impair the value of the Securities.

In addition, the Issuer has certain equity grants and convertible securities outstanding. Should the Issuer enter into a financing that would trigger any conversion rights, the converting securities would further dilute the equity securities receivable by the holders of the Securities upon a qualifying financing.

Any equity securities issued upon conversion of the Securities may be substantially different from other equity securities offered or issued by the Issuer at the time of conversion.

In the event the Issuer decides to exercise the conversion right, the Issuer will convert the Securities into equity securities that are materially different from the equity securities being issued to new investors at the time of conversion in many ways, including, but not limited to, liquidation preferences, dividend rights, or anti-dilution protection. Additionally, any equity securities issued at the First Equity Financing Price (as defined in the Crowd SAFE agreement) shall have only such preferences, rights, and protections in proportion to the First Equity Financing Price and not in proportion to the price per share paid by new investors receiving the equity securities. Upon conversion of the Securities, the Issuer may not provide the holders of such Securities with the same rights, preferences, protections, and other benefits or privileges provided to other investors of the Issuer.

The forgoing paragraph is only a summary of a portion of the conversion feature of the Securities; it is not intended to be complete, and is qualified in its entirety by reference to the full text of the Crowd SAFE agreement, which is attached as Exhibit B.

There is no present market for the Securities and we have arbitrarily set the price.

The offering price was not established in a competitive market. We have arbitrarily set the price of the Securities with reference to the general status of the securities market and other relevant factors. The offering price for the Securities should not be considered an indication of the actual value of the Securities and is not based on our asset value, net worth, revenues or other established criteria of value. We cannot guarantee that the Securities can be resold at the offering price or at any other price.

In the event of the dissolution or bankruptcy of the Issuer, Investors will not be treated as debt holders and therefore are unlikely to recover any proceeds.

In the event of the dissolution or bankruptcy of the Issuer, the holders of the Securities that have not been converted will be entitled to distributions as described in the Securities. This means that such holders will only receive distributions once all of the creditors and more senior security holders, including any holders of preferred stock, have been paid in full. No holders of any of the Securities can be guaranteed any proceeds in the event of the dissolution or bankruptcy of the Issuer.

While the Securities provide mechanisms whereby holders of the Securities would be entitled to a return of their purchase amount upon the occurrence of certain events, if the Issuer does not have sufficient cash on hand, this obligation may not be fulfilled.

Upon the occurrence of certain events, as provided in the Securities, holders of the Securities may be entitled to a return of the principal amount invested. Despite the contractual provisions in the Securities, this right cannot be guaranteed if the Issuer does not have sufficient liquid assets on hand. Therefore, potential Investors should not assume a guaranteed return of their investment amount.

There is no guarantee of a return on an Investor’s investment.

There is no assurance that an Investor will realize a return on their investment or that they will not lose their entire investment. For this reason, each Investor should read this Form C and all exhibits carefully and should consult with their attorney and business advisor prior to making any investment decision.

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Android app iOS app

This site (the "Site") is owned and maintained by OpenDeal Inc., which is not a registered broker-dealer. OpenDeal Inc. does not give investment advice, endorsement, analysis or recommendations with respect to any securities. All securities listed here are being offered by, and all information included on this Site is the responsibility of, the applicable issuer of such securities. The intermediary facilitating the offering will be identified in such offering’s documentation.

All funding-portal activities are conducted by OpenDeal Portal LLC doing business as Republic, a funding portal which is registered with the US Securities and Exchange Commission (SEC) as a funding portal (Portal) and is a member of the Financial Industry Regulatory Authority (FINRA). OpenDeal Portal LLC is located at 149 E 23rd St #2001, New York, NY 10010, please check out background on FINRA’s Funding Portal page.

All broker-dealer related securities activity is conducted by OpenDeal Broker LLC, an affiliate of OpenDeal Inc. and OpenDeal Portal LLC, and a registered broker-dealer, and member of FINRA | SiPC, located at 1345 Avenue of the Americas, 15th Floor, New York, NY 10105, please check our background on FINRA’s BrokerCheck.

Certain pages discussing the mechanics and providing educational materials regarding regulation crowdfunding offerings may refer to OpenDeal Broker LLC and OpenDeal Portal LLC collectively as “Republic”, solely for explanatory purposes.

Neither OpenDeal Inc., OpenDeal Portal LLC nor OpenDeal Broker LLC make investment recommendations and no communication, through this Site or in any other medium should be construed as a recommendation for any security offered on or off this investment platform. Investment opportunities posted on this Site are private placements of securities that are not publicly traded, involve a high degree of risk, may lose value, are subject to holding period requirements and are intended for investors who do not need a liquid investment. Past performance is not indicative of future results. Investors must be able to afford the loss of their entire investment. Only qualified investors, which may be restricted to only Accredited Investors or non-U.S. persons, may invest in offerings hosted by OpenDeal Broker.

Neither OpenDeal Inc., OpenDeal Portal LLC nor OpenDeal Broker LLC, nor any of their officers, directors, agents and employees makes any warranty, express or implied, of any kind whatsoever related to the adequacy, accuracy or completeness of any information on this Site or the use of information on this site. Offers to sell securities can only be made through official offering documents that contain important information about the investment and the issuers, including risks. Investors should carefully read the offering documents. Investors should conduct their own due diligence and are encouraged to consult with their tax, legal and financial advisors.

By accessing the Site and any pages thereof, you agree to be bound by the Terms of Use and Privacy Policy. Please also see OpenDeal Broker’s Business Continuity Plan and Additional Risk Disclosures. All issuers offering securities under regulation crowdfunding as hosted by OpenDeal Portal LLC are listed on the All Companies Page. The inclusion or exclusion of an issuer on the Platform Page and/or Republic’s Homepage, which includes offerings conducted under regulation crowdfunding as well as other exemptions from registration, is not based upon any endorsement or recommendation by OpenDeal Inc, OpenDeal Portal LLC, or OpenDeal Broker LLC, nor any of their affiliates, officers, directors, agents, and employees. Rather, issuers of securities may, in their sole discretion, opt-out of being listed on the Platform Page and Homepage.

Investors should verify any issuer information they consider important before making an investment.

Investments in private companies are particularly risky and may result in total loss of invested capital. Past performance of a security or a company does not guarantee future results or returns. Only investors who understand the risks of early stage investment and who meet the Republic's investment criteria may invest.

Neither OpenDeal Inc., OpenDeal Portal LLC nor OpenDeal Broker LLC verify information provided by companies on this Site and makes no assurance as to the completeness or accuracy of any such information. Additional information about companies fundraising on the Site can be found by searching the EDGAR database, or the offering documentation located on the Site when the offering does not require an EDGAR filing.

To help the government fight the funding of terrorism and money laundering activities, Federal law requires all financial institutions to obtain, verify, and record information that identifies each person who opens an account. Therefore, when you use the Services we will ask for your name, address, date of birth, and other information that will allow us to identify you. We may also ask to see your driver's license, passport or other identifying documents.

Republic and its affiliates are not and do not operate or act as a bank. Certain banking services are provided by BankProv, member FDIC / member DIF. Digital (crypto) assets and investment products are not insured by the FDIC, may lose value, and are not deposits or other obligations of BankProv and are not guaranteed by BankProv. Terms and conditions apply.

Invest in startups using your credit card
You can invest using your credit card

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