In March, LPPFusion launched a syndicate among our larger investors with the goal of raising the $1.2 million we need to hire more people. Last month we adjusted the goal to $1 million, in light of our anticipated crowdfunding and we received $186,000 in new pledges. Now LPPFusion has received a $308,000 investment, the largest single investment we’ve gotten in the last seven years. Thanks very much to James Elam of Canada, who had also invested previously last year. Now, we are only $154,000 away from completing the syndicate. Once we do, the investors who made the pledges will immediately invest the money, allowing us to start hiring vitally needed help for our laboratory research and for everything else. This will greatly speed our research with proton-born fuel, which we expect to start in September (see next news item.)
If you are an accredited investor and can afford to pledge or immediately invest $5,000 or more, please join the syndicate by sending your pledge to invest@LPPFusion.com. We know that over 175 individuals have already invested $5,000 or more in our vital fusion effort. Of course, not all of you are in a position to increase your investments right now. But if you are, doing so now will make a big difference. We need only 31 pledges of $5,000 or 16 of $10,000 or only six of $25,000, or some combination. Our goal is to complete the syndicate by September 1, so we can start looking for the top people to hire.
As a thank-you, everyone who invests through this syndicate will be acknowledged by name in our next technical paper. So, make your mark on fusion history!
Of course, if you are not accredited or don’t have $5,000 you can still invest through Wefunder. We need more there, too! (See third news item.)