Page 18 - JouleCasePPM.pdf_Neat
P. 18
CORPORATE APPLICATION OF PROCEEDS
USE OF PROCEEDS CATEGORY MAX. PROCEEDS MIN. PROCEEDS
WORKING CAPITAL COSTS $4,975,000 $2,460,000 SECTION 2: Private Placement
The Company seeks to raise minimum gross proceeds of $3,000,000 and maximum gross proceeds of $7,050,000 from the sale of
Joule Case Inc.
Shares in this Offering. The Company intends to apply these proceeds substantially as set forth herein, subject only to reallocation EQUIPMENT ACQUISITIONS $1,700,000 $500,000
by Management in the best interests of the Company.
ASSET UNDERWRITING AND CLOSING COSTS $325,000 $160,000
SALE OF EQUITY TOTAL CORPORATE USE $7,050,000 $3.000,000
CATEGORY MAX. PROCEEDS MIN. PROCEEDS
PROCEEDS FROM SALE OF SHARES $7,050,000 $3,000,000 TOTAL USE OF PROCEEDS Memorandum
CATEGORY MAX. PROCEEDS MIN. PROCEEDS
OFFERING EXPENSES & COMMISSIONS OFFERING EXPENSES & COMMISSIONS $325,000 $160,000
CATEGORY MAX. PROCEEDS MIN. PROCEEDS CORPORATE APPLICATION OF PROCEEDS $9,480,000 $2,840,000
OFFERING EXPENSES $25,000 $10,000 TOTAL PROCEEDS $7,000,000 $3,000,000
BROKERAGE COMMISSIONS $300,000 $150,000
(1) Includes estimated memorandum preparation, filing, printing, legal, accounting and other fees and expenses related to the Offering.
TOTAL OFFERING FEES $325,000 $160,000
