Resonado Labs Withdrawal from Republic Campaign.
Hello,
We are writing today with an unfortunate update. We have decided to discontinue our crowdfunding campaign and swiftly refund 100% of your investment. We want to thank each and every one of you for your generous support. It has meant a lot to us to see the excitement build around our company over the last couple of months.
Amongst many reasons, our team came to a conclusion that, given where the company is at today, it would be wiser for the company to continue our fundraising efforts in private markets. While our team believes in the power of Republic's platform and its values, we concluded that our company is not yet ready to benefit from such - especially given the strategic growth roadmap we foresee in our business. Our team will continue in our pursuit of setting the new standard for the next generation of audio, and we welcome every one of you to subscribe to our newsletter to stay informed at our website (www.resonado.com). Thank you all for your support and we truly appreciate it.
In the meantime, you may be wondering how this impacts you. What happens to my investment? 100% of your investment will be refunded in the form of payment you used. There is no need to request it. It will be done automatically. There will be no Crowd SAFE or any other security issued.
There are so many more opportunities to invest on Republic platform with great companies that are doing amazing things. We hope that you continue to invest in companies you believe in, and wish you great returns in the future!
Thank you.
Best,
Brian Cho