That’s per a filing with the Securities and Exchange Commission, which shows $760,000 of the funds raised will go to directors, executives or promoters. Of that, $350,000 will be for repayment of debt, and $410,000 will be for salaries.
Fasetto started in 2013 with a $150,000 Kickstarter campaign with 200 backers. As reported by Xconomy, the company previously raised $5 million in 2015 to support marketization of a wearable data storage and delivery device.
The LINK Core can connect to other Wi-Fi networks or create its own Wi-Fi signal, in order to exchange information quickly with other devices. It can do so without an internet connection as well.
The company is certified by the Wisconsin Economic Development Corporation as a Qualified New Business Venture, meaning investors can get 25 percent of their money back in the form of a tax credit.
See the SEC filing here: http://www.sec.gov/Archives/edgar/data/1692377/000169237718000004/xslFormDX01/primary_doc.xml