Project Jam, Inc. announced that it expects to receive $1.07 million in funding from Digital Asset Monetary Network, Inc.
July 24, 2019
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Project JAM INC. announced a private placement of minimum of 8,000 class A common shares and maximum of 856,000 class A common shares at a price of $1.25 per common share for minimum gross proceeds of $10,000 and maximum gross proceeds of $1,070,000 on July 25, 2019. The company is raising funding through crowd-funding platform truCrowd, Inc. As part of the transaction, truCrowd, Inc will charge a 8% fee based on company's online funding total. The company will accept oversubscriptions in the transaction. The company will issue securities pursuant to exemptions provided under Regulation C. The minimum investment accepted from any investor is $250. The funding is being raised at a pre-money valuation of $2,500,000. The transaction is expected to close on September 30, 2019. The company will pay crowdfunding platform fee of $85,600, legal fee of $20,000 and will receive net proceeds of $964,400.
Digital Asset Monetary Network, Inc. is a hybrid accelerator that combines multiple services, such as acceleration, incubation, marketing, business development and capital formation, in one ecosystem. The Public Accelerator-Incubator (PAI) ecosystem utilizes multiple access to funding, skills development, and other tools for success. The PAI ecosystem offers both entrepreneurs and investors new ways of growing wealth. PAI provides business support and management consulting services in a founderâs startup or development stage company. It provides functional expertise to both the startup industry and the microcap space, which includes capital formation, operations and business growth, marketing and communications, finance, compliance, mergers and acquisitions, strategic partnerships. The Companyâs services in the PAI Ecosystem includes acceleration, business development, financial resources, capital formation, and marketing and communications.
DIGITAL ASSET MONETARY NETWORK, INC. 
