You must be an Accredited Investor to invest in Wytec. Please review the below list to determine if you meet atleast one of the criterium.
- A natural person whose individual net worth, or joint net worth with that person’s spouse, at the time of his purchase exceeds $1,000,000, not including the value of the person’s primary residence. The amount of indebtedness secured by the primary residence up to its fair market value may be excluded from liability; however, indebtedness secured by the residence in excess of its fair market value should be considered a liability and deducted from net worth;
- A natural person who had an individual income in excess of $200,000 in each of the two most recent years and who reasonably expects an income in excess of $200,000 in the current year;
- My spouse and I have had joint income for the most two recent years in excess of $300,000 and we expect our joint income to be in excess of $300,000 for the current year;
- Any organization described in Section 501(c)(3) of the Internal Revenue Code, or any corporation, limited liability company, partnership, Massachusetts or similar business trust, trust, or other entity not formed for the specific purpose of acquiring the securities offered, with total assets in excess of $5,000,000;
- A bank as defined in Section 3(a)(2) of the Securities Act whether acting in its individual or fiduciary capacity; insurance company as defined in Section 2(12) of the Securities Act, investment company registered under the Investment Company Act of 1940 or a business development company as defined in Section 2(1)(48) of that Act; or Small Business Investment Company licensed by the U.S. Small Business Administration under Section 301(c) or (d) of the Small Business Investment Act of 1958;
- A private business development company as defined in Section 202(a)(22) of the Investment Advisers Act of 1940;
- An employee benefit plan within the meaning of Title I of the Employee Retirement Income Security Act of 1974, if the investment decision is to be made by a plan fiduciary, as defined in Section 3(21) of such Act,
which is either a bank, insurance company, or registered investment adviser, or if the employee benefit plan
has total assets in excess of $5,000,000;
- An entity in which all of the equity owners are Accredited Investors.
- A “Family office” with at least $5,000,000 in assets under management or a “family client,” as each term is defined under the Investment Advisers Act;
- A natural person who holds in good standing a General Securities Representative license (Series 7), a Licensed Investment Adviser Representative license (Series 65), or a Private Securities Offering Representative license (Series 82).