$3.74 price per share

Series Seed preferred stock

If $100,000 or more ("Major Purchaser"), Simple Agreement for Future Equity ("SAFE"). The SAFE is not debt, bears no interest, and converts into Series Seed 4-A voting preferred equity. If less than $100,000, non-voting Series Seed 4-B preferred stock.

The funds will be used to enable stronger inventory planning, flexible marketing, and to provide a cash cushion. Additionally, the company is raising capital to support its expansion plans.

The 20% China “fentanyl tariff” enacted earlier this year added cost pressure. We responded with a full review of our cost structure, pricing, and manufacturing strategy to ensure long-term resilience. We raised the flagship price from $3,295 to $3,499 but offset most of the tariff impact through a new manufacturing partner that reduced costs by ~20%, keeping gross margins stable.

While certain electronic tariffs were briefly reinstated in April, they were reversed, and current exemptions remain in place. We view the risk of expanded tariffs as low given policymakers’ caution.

Our new manufacturing partnership provides flexibility to shift production outside China if needed, with contingency plans for hybrid production that qualifies as substantial transformation, ensuring we can adapt quickly as trade dynamics evolve.

Vestaboard's focus for the next two years is on getting more hardware devices into the market, with the Vestaboard Note being a key driver of this trajectory. The company is no longer a single-product company; it is building a portfolio anchored by its Flagship product and expanded with the Note. The company is also preparing a major software upgrade with exciting new features. It plans to expand into the Smart TV OTT software market down the line to accelerate Vestaboard+ adoption. In the long term, the company plans to potentially develop new hardware devices and expand its software for third-party displays.