The Purchase price per Token is $1.00. The “Reference Price” is $275. RepublicX will determine the number of Tokens that equate to one share of Bytedance common stock based on the Reference Price. The Reference Price is intended to approximately reflect the price per share of Bytedance common stock, based on factors including the last publicly available financing event of the Reference Company, publicly available third party information about secondary market pricing of shares in the Reference Company, and associated costs, taxes and fees incurred by RepublicX. RepublicX makes no representations or warranties as to the accuracy of any third party information used in its determination of the Reference Price. Secondary market prices and reported valuations for private companies may be based on limited transactions, may be subject to significant estimation, and may not reflect actual fair market value.
Users can reach out to Republic via this offering-specific TypeForm. Any additional inquiries can be directed to either rx@republic.com or investors@republic.co.
The holder of any Notes has a claim against the Issuer - RepublicX LLC - for the redemption amount in accordance with the terms set forth in the relevant security instrument and Offering Documents. Critically, Investors’ respective creditor rights do not consist of any shareholders’ rights (e.g., investors have no rights of attendance, other participation rights or voting rights of the Issuer). Investors have no rights whatsoever to Bytedance.
A Qualified Liquidity Event occurs in the event that Bytedance undertakes any of the following (i) an IPO or other direct listing transaction resulting in Bytedance’s equity interests being listed on a national securities exchange, (ii) a merger or acquisition of its assets or equity interests or (iii) any other transaction resulting in a public listing or monetization of its equity interests. For further details, each Investor should carefully review the definition of Qualified Liquidity Events contained in the Note and the Offering Documents.
No - Bytedance (“Bytedance”) is entirely unaffiliated with the offerings, with RepublicX LLC, with the Notes, and with the associated rTTOK Tokens. Specifically: (i) No endorsement or authorization. Bytedance has not reviewed, approved, authorized, endorsed, sponsored, or consented to any aspect of this security, token, marketing material, or transaction structure; (ii) No participation or cooperation. Bytedance and its officers, directors, shareholders, and employees are not involved—directly or indirectly—in structuring, issuing, marketing, managing, servicing, or redeeming of the Notes. Bytedance will not receive any proceeds from this offering, and Bytedance has provided no information to RepublicX LLC or any of its affiliates for use in this offering; (iii) No contractual or economic relationship. Purchasing a Note does not give you any equity, debt, contractual claim, option, warrant, or other right against Bytedance, its subsidiaries, or affiliates. Your sole counterparty is RepublicX LLC, which alone, aside from that certain keepwell agreement of OpenDeal Inc., as discussed in the Offering Documents, is responsible for all payment and reporting obligations under the Notes; (iv) No obligations on Bytedance. Bytedance owes you no fiduciary duty, payment, disclosure, or ongoing information and will have no liability to you in connection with your investment. Any payment on the Notes will come exclusively from RepublicX LLC out of its own assets; (v) No effect on Bytedance securities. The issuance of Notes does not affect Bytedance’s capitalization, shareholder base, voting power, or corporate governance in any way. The Notes reference the value of Bytedance common stock solely as an external benchmark for calculating potential payouts; (vi) Trademark and brand usage. “Bytedance,” “Space Exploration Technologies,” and related marks are trademarks of Bytedance All use herein is strictly nominative and descriptive to explain how the Note redemption payout formula is derived. Such use does not imply sponsorship, endorsement, or affiliation, and RepublicX or its affiliates claim no ownership of those marks; (vii) Information limitations. All Bytedance‑related data referenced in marketing materials (e.g., secondary‑market price quotes) are derived from publicly available sources that RepublicX believes to be reliable; and (viii). Regulatory posture. Neither the U.S. Securities and Exchange Commission (SEC) nor any state securities regulator has approved or disapproved of these securities. Bytedance has not sought, requested, or obtained any regulatory clearance in connection with this offering. In short, every legal, financial, technological, and operational obligation associated with the Notes rests entirely with RepublicX LLC. Any mention of Bytedance is strictly for the limited purpose of explaining the reference asset used in the Notes payout formula and should not be interpreted as creating any relationship whatsoever between you and Bytedance.
Republic intends that Notes be generally treated as a single equity instrument for U.S. Tax purposes. No statutory, judicial, or administrative authority directly discusses the proper U.S. federal income tax treatment of Notes having terms substantially identical to the notes offered hereby. Accordingly, significant uncertainty exists as to such treatment. Republic intends to treat each Note as a single financial contract referencing the Reference Company’s common stock that constitutes an “open transaction” for U.S. federal income tax purposes Each investor should consult its own tax advisor regarding the U.S. federal income tax consequences of the purchase, ownership and disposition of the Notes, as well as any tax consequences arising under the laws of any state, local or non U.S. jurisdiction or under any applicable income tax treaty.
Yes. There are transfer restrictions based upon the applicable exemption the Notes and any beneficial interests are issued thereunder, including Rule 506 resale limitations, Regulation S distribution-compliance periods and U.S. person restrictions, if applicable. Any transfer in violation of the restrictions is void. Please review the disclosure documents in full before investing.
Notes are intended to replicate the economic participation of shareholders in Bytedance. On the maturity date, or before such date in the event that Bytedance enters into a Qualified Liquidity Event and when any applicable lock-up period ends, RepublicX will pay to each Noteholder a pro rata portion of the value of a common share of Bytedance at that time based on the payout formula described in the Notes and the Offering Documents. Because the Notes track the value of common shares on a price per share basis, their return may be reduced if Bytedance issues additional shares or equity-linked securities, which could dilute the value of each share.
No. If you invest, you’re buying a debt instrument offered by RepublicX and represented by the rTTOK Tokens. You have no right whatsoever to equity in Bytedance, RepublicX, or Republic by virtue of investing in this Offering. You will, however, be participating in the potential economic upside of Bytedance. Owning a Note does not entitle you to any equity voting information, inspection, or other rights with respect to Bytedance. You will not receive dividends or other distributions from Bytedance and will have no rights to vote or influence Bytedance’s management and must rely solely on public information, which may be limited, incomplete, or stale.
Republic intends to make tokens available for secondary trading after the conclusion of any applicable lock-up periods, subject to the applicable rules and limitations on transferability including, without limitation, KYC/AML of the investor. Liquidity is not guaranteed, and RepublicX retains full discretion whether or not to list any tokens on any qualifying exchange.
CoinList verified users who register during the Registration period (or ‘reservation period’) Oct. 28 at 16:00 UTC - Oct. 30 at 16:00 UTC will be eligible for an additional 5% bonus token allocation.
Eligibility:
Upon an Event of Default by RepublicX LLC, the entire unpaid principal of the Securities shall become immediately due and payable at the option of the Investor. As senior unsecured creditors of RepublicX LLC, Investors' claims to the assets of RepublicX LLC will have priority over those of RepublicX LLC’s equity holders.
Each Investor will have the choice of receiving payouts in either (1) U.S. dollars or (2) USDC (U.S. Dollar Coin) to the Investor’s verified Republic Wallet, or such other stablecoin of the Issuer's choosing in the Issuer's sole discretion in the event that USDC is not industry standard at the time payment is due.
During this initial phase, our focus is on expanding access for as many investors as possible to the financial upside of top private companies. We anticipate conducting future campaigns where both the amount raised and the maximum investment level are considerably higher.
Payouts, if any, occur within a reasonable time period (as further described in the offering documentation) after the earlier of the maturity date (i.e., 10 years from the date of issuance) or a Qualified Liquidity Event, plus the expiration of any applicable lock-up period(s).
All fees reduce your net return. Fees here include a premium built into the Reference Price as well as other fees associated with the Republic platform. In the event secondary trading exists on an ATS, if any, there may also be fees associated therewith. Please review the disclosure documents and Republic’s general Terms of Service for an outline of all applicable fees.
No. This offering is not a pooled investment vehicle and does not represent an interest in a fund. Proceeds are not managed collectively, are tied in each instance to individual Notes issued to investors, and are applicable solely to this specific opportunity. Investing in one mirror token does not in any way entitle an investor to returns or interests in any other mirror token.
Always consider that the Note is a debt obligation of RepublicX LLC, not an equity interest in Bytedance. The token gives you exposure to Bytedance’s price movements only through the contractual payoff structure, and that exposure is modulated by time, fees, and RepublicX’s credit profile.
Yes, the purchase of these Notes involves a high degree of risk and should be considered only by persons who can bear the risk of the loss of their entire investment. Please review the specific risk factors section of the offering documents for a further understanding of the potential investment risks.
You are purchasing tokenized interests in Contingent Payout Notes (each, a “Note”, and if multiple “Notes”), a debt security (i.e., payment obligation) issued by RepublicX . The Notes represent the right to receive payments which will be tied to the performance of the common stock of Space Exploration Technologies Corp. (“Bytedance”, or, the “Reference Company”). You will receive cash payments in the event of (i) an IPO or other direct listing transaction resulting in the Reference Company’s equity interests being listed on a national securities exchange, (ii) a merger or acquisition of its assets or equity interests or (iii) any other transaction resulting in a public listing or monetization of its equity interests (each, a “Qualified Liquidity Event”). For example, if as a result of the Reference Company’s IPO, direct listing or acquisition, the Reference Company’s common shares are exchanged for cash at 5 times the reference price associated with the Reference Company’s common shares as reflected in the Note’s terms, holders of the token would receive a proportional right to payment upon that 5 times multiple, based on the payout formula. See the offering documents for the full terms and conditions. The Note is not an equity interest in Bytedance, Republic, or any other company, and it carries no voting, information, or other shareholder rights in Bytedance or in Republic. Investors’ entitlement is reduced/adjusted by fees.