- Solstice first purchase opportunity
- Early news on products
- Quarterly insight on company strategy
- 500 HP68 – never to be produced again
- No voting obligations
- No signing obligations
- Your responsibility would only entail Federal tax if a payout were to be made.
DividendsOur strategic vision does NOT encompass overseeing a company with a 50 person workforce. Once we achieve a stable product line, enhance our manufacturing capabilities, and recruit a few more key personell, our primary focus will shift to corporate management. In this phase, it becomes prudent to allocate financial returns to our shareholders in the form of dividends.
DivestitureSelling our technology to another less lethal company or a firearm manufacturer. For example Umarex. (We recently declined their offer BTW) Companies such as Axon / Taser have also expressed interest in the past.
Sale of the Company. Proceeds will be issued commensurate with your ownership percentage. Yeah, we really don’t want to do this but if we do, we’ll be back in an adjacent market asap.
We are confident the appropriate route will present itself in due course.
In 2023 in the defense industry, Enterprise Value equals EBITDA multiplied by 14.59.
In 2023, independent advisors from the Maine Technology Institute and the State of Maine confirmed our company’s enterprise value at approximately $5M+.
That means, 1% of the LLC is worth $50k.
Our strategic goal is to achieve a $10M+ valuation by 2026.
In 2024, the EV x EBITDA industry multiple now stands at 18.49X.
If we maintain or improve our performance, our current valuation is already at $7.4M.
This is quite different from the valuation of a restaurant or convenience store, 2-3x yearly sales. The valuation multiple is so high because companies bought by global defense contractors are launched to success by huge investments and the introduction to pre-existing sales networks.
Despite the higher valuation we’re offering 1% of our LLC at $30k to encourage new members.
With the recession, felt between Oct 22 to present, we expected to have a $500k year. With the release in the Gavle v1.5 in October, our sales skyrocketed, enough to break $727k by year’s end.
If you’ve enjoyed the ride so far, and are looking for an alternate form of investment, please consider supporting Grimburg in their mission, building powerful, less lethal launchers, prioritizing reliability and quality for those who may not have another option for self-defense.
We’re looking to get these funds in place by the end of January 2024.
Executive Summary, Pitch Deck, 40+ page business plan, and financials are available upon request.