The SEC requires your personal information in order for us to sell stock to the public through a Regulation A offering. Here’s what we need from you and the reason that we have to collect it:
- Your date of birth and social security number or other national ID number. Securities laws require that our Broker-Dealer, Entoro Securities, verify your identity and do certain compliance tests behind the scenes when you apply to invest. The only way they can verify you are who you say you are is by checking these two things.
- Your income and net worth. If you’re not an accredited investor (earn $200,000 per year or a net worth minus your primary residence of more than $1M), by federal law we cannot allow you to invest more than 10% of the higher of your annual income and net worth. This is the way the law was written that allows us to sell you stock in the first place if you are not an accredited investor. For 80 years before this 2015 law – you were not allowed to invest in an early stage company like Revival AI at all, unless you could prove you were an accredited investor.
We take your privacy seriously and KoreConx, our securities partner who handles your information, uses the highly secure blockchain infrastructure to protect your sensitive information