School Scout, Inc. is a Silicon Valley startup, founded by Mattie Baker and Kimberly Leal, two Silicon Valley Realtors®, with a First to Market Solution targeted to other Real Estate Professionals.
In accordance with California Corporations Code 25102(n), School Scout, Inc. is conducting an offering of convertible notes with a minimum loan amount of $25,000.00 for a total offering of $500,000. The convertible notes shall pay 10% interest per annum and be for a term of 2 years.
Upon the closing of a subsequent equity financing, generating an additional $1,000,000 in gross proceeds to the company, note holder shall have the option to convert the principal and accrued interest of this note. Such conversion shall be for the same type of securities issued to the investors in the subsequent equity financing at a discounted price:
- $25,000 investment
15% discount on securities upon conversion - $50,000 investment
35% discount on securities upon conversion - $100,000 investment
Negotiated with founders on a one on one basis
PROSPECTIVE INVESTORS MUST BE CALIFORNIA RESIDENTS AND MUST MEET THE SUITABILITY STANDARDS OF CALIFORNIA CORPORATIONS CODE SECTION 25102(n).
In addition, prospective investors must be “accredited” as that term is defined under SEC Regulation D, Rule 501. No money or other consideration is being solicited by this announcement and no money will be accepted. An offer may only be made by means of a disclosure statement. An indication of interest will not involve any obligation or commitment of any kind.
No investment funds will be accepted until the prospective
investor has completed an investor questionnaire and received
a disclosure statement.
For more information, please contact:
Mattie C. Baker, CEO
School Scout, Inc.
408-460-4272
mattie@schoolscout.com