Private Placement Memorandum pursuant to Regulation D 506(c) et.al.,
of the Securities Act of 1934, as amended
Effective: August 31, 2020
The Offer: Five Hundred Thousand (500,000) no-par value Series 1 Preferred Stock Shares, at Ten Dollars ($10.00) per share with an annual cumulative dividend rate of 6.50%, and with a variable sixty (60) month conversion right as described herein.
$5,000,000 Private Offering
Series A – Cumulative, Convertible Preferred Stock
Maximum Shares Offered: 500,000
Minimum Shares Offered: 1,000
Price Per Share: $10.00
Minimum Investment: 1,000 Shares ($10,000)
Locking Line Barriers Corporation dba WaterBlocks™ (the “Company” or “LLB”), a Colorado “C” Corporation, the Company, is offering up to 500,000 shares of no-par value Series A Preferred Stock, with an annual cumulative dividend rate of 6.50%, and including a conversion right as described herein (the “Preferred Stock” or “Shares”). Offered on a “best efforts” basis pursuant to Regulation D 506(c) et.al., of the Securities Act of 1934, as amended (the “Securities Act”), with a minimum tender requirement of 1,000 shares, (which at the Company’s discretion may be reduced), at a purchase price of $10.00 per share or accepted Strike Price (the “Per Share Purchase Price”), for total gross proceeds of up to $5,000,000 (the “Maximum Offering”) which the Company retains the right to increase or decrease at any time, to Accredited Investors only as defined by the Securities Act;
Liquidation Preference: One times the Strike Price plus cumulative and unpaid dividends on each Preferred Series A share, the balance of proceeds to be paid to Common Shareholders. A merger, reorganization or similar transaction will be treated as a liquidation.
Conversion Rights: In accordance with the following schedule, the Investor may elect to convert these Preferred Stock shares held, in whole or in part to “WaterBlocks” Common Class A, Voting Shares; as follows:
This investment is only available to Accredited Investors as defined under Rule 501 by the SEC. Here is the definition – SEC-Accredited-Investor-Definition.pdf
Thank you for taking the time to examine our SEC 506(c) Class A Preferred Stock Offering.
$10,000 Minimum Investment Required.
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