How can I invest in Delaware Bay fisheries?

There are several ways to invest in aquaculture and fisheries. We used private investors in the past including a locally crowdfunded financing of a watermen under a split-catch arrangement. We are now exploring a wider range of options including recruiting additional private investment.

Potentially one of the easiest ways would be through a crowdfunded securities offering. The Securities and Exchange Commission sets limits on how and how much an investor can invest in crowdfunded offerings. Nantuxent Seafood is not involved in a crowdfunded securities offering but may consider this option in the future.

This blog post is written as part of the ongoing exploration of new sources of funding for growth. This is not an investment offering. The method of financial expansion eventually selected must consider the needs of our customers relative to their financial interest in our seafood. We must also consider the overall reinvestment plan for the marina and the working waterfront community.

The following table provides a few examples of investment limits set by SEC. You will notice that the limits are low for most working class people:

Annual Income

Net Worth

Calculation

12-month Limit

$30,000

$105,000

greater of $2,200 or 5% of $30,000 ($1,500)

$2,200

$150,000

$80,000

greater of $2,200 or 5% of $80,000 ($4,000)

$4,000

$150,000

$107,000

10% of $107,000 ($10,700)

$10,700

$200,000

$900,000

10% of $200,000 ($20,000)

$20,000

$1.2 million

$2 million

10% of $1.2 million ($120,000), subject to cap

$107,000

For more information, see the SEC website.

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