Invest in Soteria Battery Innovation Group

CLOSED

Inherently Safe Batteries Everywhere

This Reg CF offering is made available through StartEngine Capital, LLC. This investment is speculative, illiquid, and involves a high degree of risk, including the possible loss of your entire investment.

REASONS TO INVEST

ABOUT

HEADQUARTERS

TERMS

Soteria Battery Innovation Group

Overview

PRICE PER SHARE

$4.15

DEADLINE

Jan. 18, 2024 at 7:59 AM UTC

VALUATION

$50.09M

FUNDING GOAL

$15K - $1.23M

Breakdown

MIN INVESTMENT

$498

MAX INVESTMENT

$1,234,998.50

MIN NUMBER OF SHARES OFFERED

3,614

MAX NUMBER OF SHARES OFFERED

297,590

OFFERING TYPE

Equity

SHARES OFFERED

Class A Common Stock

Maximum Number of Shares Offered subject to adjustment for bonus shares

Most Recent Fiscal Year-End

Prior Fiscal Year-End

Total Assets

$3,281,609

$2,693,873

Cash & Cash Equivalents

$1,340,108

$1,679,012

Accounts Receivable

$173,200

$243,733

Short-Term Debt

$551,302

$512,134

Long-Term Debt

$1,982,637

$1,792,844

Revenue & Sales

$1,149,952

$785,821

Costs of Goods Sold

$284,889

$78,853

Taxes Paid

$2,039

$6,249

Net Income

-$2,378,437

-$1,541,087

Risks

A crowdfunding investment involves risk. You should not invest any funds in this offering unless you can afford to lose your entire investment. In making an investment decision, investors must rely on their own examination of the issuer and the terms of the offering, including the merits and risks involved. These securities have not been recommended or approved by any federal or state securities commission or regulatory authority. Furthermore, these authorities have not passed upon the accuracy or adequacy of this document. The U.S. Securities and Exchange Commission does not pass upon the merits of any securities offered or the terms of the offering, nor does it pass upon the accuracy or completeness of any offering document or literature. These securities are offered under an exemption from registration; however, the U.S. Securities and Exchange Commission has not made an independent determination that these securities are exempt from registration.

*Maximum number of shares offered subject to adjustment for bonus shares. See bonus info below.

Voting Rights of Securities Sold in this Offering

Voting Proxy. Each Subscriber shall appoint the Chief Executive Officer of the Company (the “CEO”), or his or her successor, as the Subscriber’s true and lawful proxy and attorney, with the power to act alone and with full power of substitution, to, consistent with this instrument and on behalf of the Subscriber, (i) vote all Securities, (ii) give and receive notices and communications, (iii) execute any instrument or document that the CEO determines is necessary or appropriate in the exercise of its authority under this instrument, and (iv) take all actions necessary or appropriate in the judgment of the CEO for the accomplishment of the foregoing. The proxy and power granted by the Subscriber pursuant to this Section are coupled with an interest. Such proxy and power will be irrevocable. The proxy and power, so long as the Subscriber is an individual, will survive the death, incompetency and disability of the Subscriber and, so long as the Subscriber is an entity, will survive the merger or reorganization of the Subscriber or any other entity holding the Securities. However, the Proxy will terminate upon the closing of a firm-commitment underwritten public offering pursuant to an effective registration statement under the Securities Act of 1933 covering the offer and sale of Common Stock or the effectiveness of a registration statement under the Securities Exchange Act of 1934 covering the Common Stock.

Investment Incentives and Bonuses*

Loyalty Bonus:

Previous backers, investors, friends, and family will receive 10% bonus shares.

Testing the Waters Bonus:

Reservation Holders in the Testing the Waters Page will receive 10% bonus shares.

Combo / Avid Perks:

First 48 Hours

Early Bronze - First 48 Hours | $500+

Invest $500+ (minimum investment) within the first 48 hours and receive 5% bonus shares

Early Silver - First 48 Hours | $1,000+

Invest $1,000+ within the first 48 hours and receive 7% bonus shares

Early Gold - First 48 Hours | $2,500+

Invest $2,500+ within the first 48 hours and receive 10% bonus shares

Early Platinum - First 48 Hours | $5,000+

Invest $5,000+ within the first 48 hours and receive 12% bonus shares

Early Diamond - First 48 Hours | $10,000+

Invest $10,000+ within the first 48 hours and receive 15% bonus shares

First 5 Days

Early Bronze - First 5 Days | $500+

Invest $500+ (minimum investment) within the first 5 days and receive 3% bonus shares

Early Silver - First 5 Days | $1,000+

Invest $1,000+ within the first 5 days and receive 5% bonus shares

Early Gold - First 5 Days | $2,500+

Invest $2,500+ within the first 5 days and receive 7% bonus shares

Early Platinum - First 5 Days | $5,000+

Invest $5,000+ within the first 5 days and receive 10% bonus shares

Early Diamond - First 5 Days | $10,000+

Invest $10,000+ within the first 5 days and receive 12% bonus shares

First 10 Days

Early Bronze - First 10 Days | $500+

Invest $500+ (minimum investment) within the first 10 days and receive 1% bonus share

Early Silver - First 10 Days | $1,000+

Invest $1,000+ within the first 10 days and receive 3% bonus shares

Early Gold - First 10 Days | $2,500+

Invest $2,500+ within the first 10 days and receive 5% bonus shares

Early Platinum - First 10 Days | $5,000+

Invest $5,000+ within the first 10 days and receive 7% bonus shares

Early Diamond - First 10 Days | $10,000+

Invest $10,000+ within the first 10 days and receive 10% bonus shares

Amount-Based Perks:

Tier 1 | $750+

Invest $750+ and receive invitation to Private Investor Group**

Tier 2 | $1,000+

Invest $1000+ and receive 1% bonus shares + Tier 1 Perk

Tier 3 | $5,000+

Invest $5,000+ and receive 3% bonus shares + Tier 1 Perk

Tier 4 | $10,000+

Invest $10,000+ and receive 5% bonus shares + Access to Due Diligence report + Tier 1 Perk

Tier 5 | $25,000+

Invest $25,000+ and receive 10% bonus shares + Access to Data Room + Tier 4 Perks***

Tier 6 | $50,000+

Invest $50,000+ and receive 15% bonus shares + Tour of office + Tier 5 Perks***

*In order to receive perks from an investment, one must submit a single investment in the same offering that meets the minimum perk requirement. Bonus shares from perks will not be granted if an investor submits multiple investments that, when combined, meet the perk requirement. All perks occur when the offering is completed.

Crowdfunding investments made through a self-directed IRA cannot receive non-bonus share perks due to tax laws. The Internal Revenue Service (IRS) prohibits self-dealing transactions in which the investor receives an immediate, personal financial gain on investments owned by their retirement account. As a result, an investor must refuse those non-bonus share perks because they would be receiving a benefit from their IRA account.

** Private investor group will receive a Monthly Newsletter and Bi-Annual State of the Consortium letter.

*** Prior tier perks include everything from the prior tier, excluding bonus shares. Bonus shares will be outlined per tier.

The 10% StartEngine Owners' Bonus

Soteria Battery Innovation Group will offer 10% additional bonus shares for all investments that are committed by investors that are eligible for the StartEngine Crowdfunding Inc. OWNer's bonus.

This means eligible StartEngine shareholders will receive a 10% bonus for any shares they purchase in this offering. For example, if you buy 100 shares of Class A Common Stock at $4.15 / share, you will receive 110 shares of Class A Common Stock, meaning you'll own 110 shares for $415. Fractional shares will not be distributed and share bonuses will be determined by rounding down to the nearest whole share.

This 10% Bonus is only valid during the investor's eligibility period. Investors eligible for this bonus will also have priority if they are on a waitlist to invest and the company surpasses its maximum funding goal. They will have the first opportunity to invest should room in the offering become available if prior investments are canceled or fail.

Investors will receive the highest single bonus they are eligible for among the bonuses based on the amount invested and time of offering elapsed (if any). Eligible investors will also receive the Owner’s Bonus and either the 10% Previous Investor or the 10% Loyalty Bonus in addition to the aforementioned bonus.

Irregular Use of Proceeds

Example - The Company might incur Irregular Use of Proceeds that may include but are not limited to the following over $10,000: Vendor payments and salary made to one's self, a friend or relative; Any expense labeled "Administration Expenses" that is not strictly for administrative purposes; Any expense labeled "Travel and Entertainment"; Any expense that is for the purposes of inter-company debt or back payments.

HOW INVESTING WORKS

Cancel anytime before 48 hours before a rolling close or the offering end date.

WHY STARTENGINE?

REWARDS

We want you to succeed and get the most out of your money by offering rewards and memberships!

SECURE

Your info is your info. We take pride in keeping it that way!

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FAQS

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