WEFUNDER what will happen?

I put $1,500 into wefunder after it went way over the $550,000 limmit for its crowdfunding. it says on the wefunder website that everyone who invests after reaching $550,000 will be moved into regulation D. This is contradicted by the comments from Chris below. My question is if I somehow get into the regulation D would the same stock scheme apply to my $1,500?

If all the unaccredited investors over $550,000 have to be refunded that will really suck because everyone will lose their fee paid and feels a bit deceptive.

9 comments

9 Comments

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Riley

Dec 14, 2020

just a quick google search shows that you can pay $60 to have a company accredit you. looks like it verifies your identity.

Ed Sprole

Dec 15, 2020

Replying to

That's not true. To be one, you basically have to have more money than you need. There are income and asset requirements.

nathan.kinsman

Dec 13, 2020

What does it take to become a accredited investor. What requirements.

sol beach

Dec 15, 2020

Replying to

To be an accredited investor, a person must have an annual income exceeding $200,000 ($300,000 for joint income) for the last two years with the expectation of earning the same or a higher income in the current year. OR have a net worth exceeding $1 million individually or combined with a spouse or spousal equivalent (excluding value of primary residence)

nathan.kinsman

Dec 12, 2020

Come the 1st of the year 2021 will Aptera be looking for new investors.? Very interested!

Riley

Dec 12, 2020

Replying to

I've edited my original post and added an update from Chris. It does look like there will be an additional round of croudfunding Q1 2021

nathan.kinsman

Dec 12, 2020

Replying to

Will there be updates or announcements

Harry Parker

Dec 12, 2020

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Replying to

@nathan.kinsman Of course. Make sure you're signed up for updates, or at least keep an eye on the Wefunder site. That's where all the company investment news is.

nathan.kinsman

Dec 12, 2020

I would like to invest in Aptera now. Is there still time and will it turn into stock?