LPPFusion has ended the StartEngine crowdfunding campaign as of December 13, 2024. We have started a new Regulation offering as of December 16, 2024, which is open to all accredited investors around the world. Details on investing are here. We expect to launch a new crowdfunding campaign on a reliable platform in the near future. We’ll let everyone know as soon as we do.
StartEngine will return the money that you have invested, which they have held in escrow. None of it will be passed to LPPFusion.
We decided to end the StartEngine campaign early, with no results, because StartEngine unilaterally voided the promises they made to us about letting their 700,000 members know about our campaign. These promises included sending an email to their members when the campaign started and another one once we reached 100 investors on their platform. In addition, they blocked any update we proposed to send to those considering investments. Given this situation, which we clarified with them in phone calls and emails, we saw no possibility of being able to raise money or indeed of reaching out to their members at all. This made LPPFusion’s fundraising on the StartEngine platform worthless.
In addition, because StartEngine imposed the exclusivity condition that no other fundraising effort can be run in parallel with theirs, LPPFusion was unable to run any PR or marketing elsewhere toward direct (Regulation D) investments in our vital R&D of fusion energy.
We don’t consider this a wasted effort. Our work on this campaign created a new, effective short video introduction and some short ads, all of which we can use for our other campaigns.
