You can invest

Alkane Truck Company is “Live” with StartEngine.com, which is a Crowdfunding platform created for the purpose of raising funds through accredited and non accredited investors. Below is a list of Frequently Asked Questions with details on how to get involved in a crowdfunding investment campaign.

FAQs

What is Crowdfunding?

Until recently, companies seeking start up capital or financial help for their business had to seek help by incurring debt, Angel Investors or Venture Capital Funding. Furthermore, if someone wanted to invest in a company, they had to be an accredited investor. Crowdfunding opens up investing opportunities to anyone seeking to invest in a company’s start up, whether they are an accredited investor or not.

When did Crowdfunding begin?

In 2012, The Jobs Act, also known as Regulation A+, was signed into law by President Barack Obama. It allows companies to solicit investments from accredited investors through equity crowdfunding. In June, 2015, Title IV opened the door to a larger crowd by allowing companies to raise up to $50 million from both accredited and non-accredited investors.

Who can invest using Crowdfunding?

Anyone, regardless of their personal financial situation, can be an investor in a company they like. Companies engaged in crowdfunding efforts will be visible on any number of crowdfunding website platforms. Before crowdfunding was created as an investment platform, only 4% of the population was considered a potential investor. Now, after Regulation A+, 100% of the population is a potential investor.

Has any company been successful in its Crowdfunding effort?

Since the inception of Title IV, going to the “crowd” for funding has allowed many companies to be successful in raising large sums of money for business start up.

How little or how much can I invest?

Typically, the company presenting the crowdfunding platform will have a minimum investment amount shown. Maximum amounts of investment are determined by the ability of the individual investor.

What is the “Live Offering” Phase?

The “Live Offering” phase of a crowdfunding campaign refers to when all of the investments are confirmed and the monies are transferred into escrow.

If I invest, what is my money used for?

In the company’s profile for the crowdfunding platform, each company will disclose what they intend to do with the investment money. Most companies will use the funds for the acquisition of parts and inventory, R&D, engineering and other essential expenses incurred as part of normal operations. Some companies use the money for advanced orders of the product they are promoting, while other companies will offer equity shares.

If I invest in equity, is it considered stock?

If the company you are investing in is offering shares and not taking advanced orders on products, what you own will be considered Class B Stock. Once valuation of the company is determined and stock values are assigned, you will be notified. Each successful investor will be issued a counter signed subscription agreement, which sets the terms for the share purchase. An independent transfer agent will hold proof of ownership of shares.

If I change my mind, can I withdraw my investment?

During the “Test the Waters” phase of the campaign, no monies are received from investors and all transactions are pending. If you decide to proceed forward and go on to finalize your investment (whereby transferring it to stock ownership), you can sell it whenever you choose.

What happens after crowdfunding?

Some companies, Alkane Truck Company included, intend to apply for an over the counter (OTC) offering in the near future. At that point, the stock is offered to a larger pool of investors. OTC Markets are used to trade equities, such as the OTCQX, OTCQB and OTC Pink marketplaces (previously the OTC Bulletin Board and Pink Sheets). In the U.S., the Financial Industry Regulatory Authority (FINRA) regulates the OTC markets.