Campaign Closed
Investors In Progress May Complete Investment
Share Price: $11.11 |
Our Recent Momentum
- Our Seattle Police Department anxiety study achieved its primary endpoint – a groundbreaking result for improving First Responder mental health. These results will be used to apply for new FDA clearance for the treatment of anxiety.
- Dr. Maurizio Fava, Psychiatrist-in-Chief of Massachusetts General Hospital and Associate Dean for Clinical and Translational Research at Harvard Medical School, joined Fisher Wallace as an advisor to design and help implement a 12-week pivotal trial to obtain FDA approval for the treatment of depression.
- Former US Secretary of Veterans Affairs, Dr. David Shulkin, joined Fisher Wallace as an advisor to help guide our VA reimbursement and distribution strategy.
- Our Alzheimer’s research Letter of Intent was accepted by the Alzheimer’s Drug Discovery Foundation. A full proposal is due by July 22nd. Nalaka Gooneratne, Associate Professor of Medicine at the University of Pennsylvania, is attached as Principal Investigator and drafting the protocol.
No Other Wearable Works Faster
The results of our recent research position our technology as the first self-administered depression and anxiety treatment proven to be effective in the first week.
We Must Increase Access to Care
By leveraging telemedicine and shipping logistics to make our technology immediately available to patients, and by scaling insurance reimbursement, we can build a near future in which anyone who needs rapid depression or anxiety treatment can get it.
Designed for Generations
Gen Alpha and Gen Z have the highest prevalence of depression and anxiety. They also adopt new technologies more rapidly than older generations. This is why we collaborated with Eric Fields, the industrial designer behind Beats and Nest, to transform our medical technology into a brilliant consumer experience.
For Veterans and First Responders
Dr. David Shulkin, the former US Secretary of Veterans Affairs and CEO of Beth Israel Medical Center, recently joined Fisher Wallace as an advisor to help guide our VA distribution and reimbursement strategy.
The breakthrough results of our Seattle Police Department anxiety study, as well as our published depression study results, will support our efforts to gain VA adoption and help us scale treatment to the more than 4 million First Responders in the US. If you are a First Responder and would like to recommend our technology for a pilot program with your organization, please contact us.
We Proved Product-Market-Fit
Under temporary FDA clearance, Fisher Wallace commercialized its proof-of-concept Version 1.0 device and began making mental health history:
- 100K units sold
- 14K prescribers
- $40M in revenue
- Medicaid reimbursement (MaineCare)
We expect as many as 60K Version 1.0 customers to upgrade to OAK upon its commercial release.
Path To Approval
Our recently completed anxiety study, conducted with the Seattle Police Department, achieved its primary endpoint and will be used to support a new FDA clearance and a CE Mark (European clearance) for the acute treatment of anxiety.
We are raising venture capital to fund a 12-week clinical trial designed by Dr. Maurizio Fava (Massachusetts General Hospital, Harvard Medical School) to obtain FDA approval for the treatment of Major Depressive Disorder (following FDA clearance for anxiety).
Obtainable Market by Year 5
US & Europe
SOM
Serviceable Obtainable Market
$1.6B
2% of SAM
Frequently asked questions
1. Why invest in startups?
Regulation CF allows investors to invest in startups and early-growth companies. This is different from helping a company raise money on Kickstarter; with Regulation CF Offerings, you aren’t buying products or merchandise – you are buying a piece of a company and helping it grow.
2. How much can I invest?
Accredited investors can invest as much as they want. But if you are NOT an accredited investor, your investment limit depends on either your annual income or net worth, whichever is greater. If the number is less than $124,000, you can only invest 5% of it. If both are greater than $124,000 then your investment limit is 10%.
3. How do I calculate my net worth?
To calculate your net worth, just add up all of your assets and subtract all of your liabilities (excluding the value of the person’s primary residence). The resulting sum is your net worth.
4. What are the tax implications of an equity crowdfunding investment?
We cannot give tax advice, and we encourage you to talk with your accountant or tax advisor before making an investment.
5. Who can invest in a Regulation CF Offering?
Individuals over 18 years of age can invest.
6. What do I need to know about early-stage investing? Are these investments risky?
There will always be some risk involved when investing in a startup or small business. And the earlier you get in the more risk that is usually present. If a young company goes out of business, your ownership interest could lose all value. You may have limited voting power to direct the company due to dilution over time. You may also have to wait about five to seven years (if ever) for an exit via acquisition, IPO, etc. Because early-stage companies are still in the process of perfecting their products, services, and business model, nothing is guaranteed. That’s why startups should only be part of a more balanced, overall investment portfolio.
7. When will I get my investment back?
The Common Stock (the “Shares”) of Fisher Wallace Laboratories (the “Company”) are not publicly-traded. As a result, the shares cannot be easily traded or sold. As an investor in a private company, you typically look to receive a return on your investment under the following scenarios: The Company gets acquired by another company. The Company goes public (makes an initial public offering). In those instances, you receive your pro-rata share of the distributions that occur, in the case of acquisition, or you can sell your shares on an exchange. These are both considered long-term exits, taking approximately 5-10 years (and often longer) to see the possibility for an exit. It can sometimes take years to build companies. Sometimes there will not be any return, as a result of business failure.
8. Can I sell my shares?
Shares sold via Regulation Crowdfunding offerings have a one-year lockup period before those shares can be sold under certain conditions.
9. Exceptions to limitations on selling shares during the one-year lockup period:
In the event of death, divorce, or similar circumstance, shares can be transferred to:
• The company that issued the securities
• An accredited investor
• A family member (child, stepchild, grandchild, parent, stepparent, grandparent, spouse or equivalent, sibling, mother-in-law, father-in-law, son-in-law, daughter-in-law, brother-in-law, or sister-in-law, including adoptive relationships)
10. What happens if a company does not reach their funding target?
If a company does not reach their minimum funding target, all funds will be returned to the investors after the close of the offering.
11. How can I learn more about a company’s offering?
All available disclosure information can be found on the offering pages for our Regulation Crowdfunding offering.
12. What if I change my mind about investing?
You can cancel your investment at any time, for any reason, until 48 hours prior to a closing occurring. If you’ve already funded your investment and your funds are in escrow, your funds will be promptly refunded to you upon cancellation. To submit a request to cancel your investment please email:
13. How do I keep up with how the company is doing?
At a minimum, the company will be filing with the SEC and posting on it’s website an annual report, along with certified financial statements. Those should be available 120 days after the fiscal year end. If the company meets a reporting exception, or eventually has to file more reported information to the SEC, the reporting described above may end. If these reports end, you may not continually have current financial information about the company.
14. What relationship does the company have with DealMaker Securities?
Once an offering ends, the company may continue its relationship with DealMaker Securities for additional offerings in the future. DealMaker Securities’ affiliates may also provide ongoing services to the company. There is no guarantee any services will continue after the offering ends.