Floating Lifestyle Club ArkHAUS Raises Money on Republic

Planning to launch first in Miami, and then other cities around the world, ArkHAUS – a floating lifestyle club – is raising money on Republic.

According to the offering page, ArkHAUS is seeking up to $1.07 million in a CrowdSAFE offering. The SAFE is separated into two tiers with the first converted at a per-share price of $1.25 and a valuation of $12.5 million. The second is set at a per-share price of $1.50 and a valuation of $15 million. The first tier is for $250,000 raised and less with the second tier being over that amount.

ArkHAUS reports that it has already sold 3 “Forever Membership” NFTs at 8 ETH each. The company predicts “stable projected margins of $8.50 million in the first year and then rising to $9.46 million by year five – per city.

The club is designed to be a club on “4 solar-electric boats, creating an extraordinary villa.” Following the Miami launch, New York City, SF, LA, Paris, Istanbul, and Dubai are on the company’s roadmap.

The use of any funds raised is expected to be divided as follows: 45% for vessel deposits; 21% membership marketing; 34% pre-launch operations. The first vessel is expected to be launched before the end of 2022.

As it stands today, over $340,000 has been raised in a Reg CF offering backed by 236 investors. The securities offering is scheduled to close in the next two days – unless it is extended.

ArkHAUS’s website has more information on the concept.

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