About Summit by White Mountain Capital

Pre-Offering Support

• • Starting with a deep dive into the use of proceeds, White Mountain Capital helps companies develop realistic targets and pro-forma projections.
  • White Mountain Capital reviews companies offering structure and pre-money valuation and compares them to benchmark targets and historical comps from other companies.
  • White Mountain Capital provides comments and guidance on companies pitch decks and any other materials such as explainer videos and product demo videos to help refine the message.

• Our transfer agents assist with transferring all current stock and options held to an electronic book entry system to expedite the issuance of new shares upon closing.
• When the offering documents are complete, White Mountain Capital will file the Form C with the SEC via EDGAR.

• Valuation Guidance
• Post Offering Support
  • Through the transfer agent, Companies have access to a Shareholder Servicing portal which enables them to manage their cap table and provide required and supplemental information to shareholders regarding their investment (including book entry electronic shares and shareholder reporting).
  • White Mountain Capital also provides assistance with filing the required annual report with the SEC (Form C-AR) as well as the termination report, when SEC reporting is no longer required (Form C-TR).
  • White Mountain Capital is a resource to companies throughout their lifecycle including providing access to debt financing, asset backed loans, and equity capital markets.

• Companies that are a good fit include:
  • Companies that have a product or service that appeals to a broad audience.
  • Companies and management teams with a proven track-record of success.
  • Companies with detailed plans for how to execute on their business model.
  • Companies with a large social media following and an engaged fan base.
  • Companies who benefit from exposure to a large number of potential new customers.
  • Companies with real innovative ideas for how to change the world.
• Examples of companies that are not a good fit:
  • Companies with a very complex business model that is difficult for the average investor to comprehend.
    • (e.g. a big data, machine learning, artificial intelligence aggregator of agricultural yield via satellite imagery).
  • Companies and management teams with no history or a history of professional failures.
  • Companies with generic business models that are difficult to distinguish from competitors.
  • Companies that operate in “stealth mode.”
  • Companies with vague plans for achieving unrealistic goals.
  • Companies with founders who are not goal aligned with investors.

Yes, the SEC permits a company to raise a maximum aggregate amount of $5 million through crowdfunding offerings in a 12-month period under Regulation Crowdfunding rules.

No, non U.S. entities are excluded as are companies that classify with the following criteria:

• • Companies incorporated outside of the United States of America.
  • Companies with principal place of business of business outside of the United States of America.
  • Companies who derive substantially all of their revenue outside of the United States of America.

• Non-US entities.

• Unincorporated entities (sole proprietors, partnerships, non-stock companies).
• Bad Actors (as defined by SEC Rule 506).
  • Certain criminal convictions.
  • Certain court injunctions and restraining orders.
  • SEC disciplinary orders, cease and desist orders, stop orders and orders suspending exemptions.
  • Suspension or expulsion from membership in an SRO such as FINRA.
  • US Postal Service false representation orders.
• Companies not engaged in an operating business or with an unidentified acquisition.
• Companies in excluded classes of business:
  • Non-Regulated Gambling.
  • Adult Industry.
  • Multi-Level Marketing or other Pyramid Selling type businesses.

Each state has its own securities regulator who enforces what are known as “blue sky” laws. If a company is selling securities, it must comply with both federal regulations and state securities laws and regulations in the states where securities are offered and sold (typically, the states where offerees and investors are based).

https://www.sec.gov/smallbusiness/exemptofferings/faq?auHash=rh5WfJi9h3wRzP6X2anOmgYLdhPHNuo-3Vw0YNZyR_M#faq3

Summit does not assign valuations. Companies set their own valuations independently although Summit can be helpful in providing information regarding valuations of other comparable companies.