Emo Capital Corp. announced a private placement of minimum of 30,000,000 common stock and maximum common stock for minimum gross proceeds of $107,000 and maximum gross proceeds of $250,000 on August 15, 2022. The company is raising funding through crowd-funding platform truCrowd, Inc. The company will pay 8% fee to the crowdfunding platform in the transaction. The company will accept oversubscriptions in the transaction. The company will issue securities pursuant to exemptions provided under Regulation C. The securities issued in the transaction have a hold period of one year, post the closing. The transaction is expected to close on August 14, 2023.
On November 18, 2022, the company revised its business plan and changed the crowd-funding platform. The company is now raising funding through crowd-funding platform StartEngine Capital LLC.