Series Kraken-2

Series Kraken-2 is a $1,053,375 equity offering structured as a special purpose vehicle listed on StartEngine. The issuer is Series 35-2, a series of StartEngine Private LLC, offered under Rule 506(c). The offering carries a minimum investment of $15,000.

Reg D Series of StartEngine Private LLC. Investor purchases Membership Interest at $62.5 per security; affiliate (StartEngine Advisers LLC) acquired underlying at $44.5 per share. Principal-trading spread: 40.45%. Underlying: Payward, Inc. d/b/a Kraken. Source: deal page Terms section (v2 extraction). Investors hold an interest in the vehicle, not direct shares of the underlying company, which carries its own transfer, information, and fee implications.

The securities are issued by Series 35-2, a series of StartEngine Private LLC. The offering relies on Rule 506(c), which permits advertising but limits sales to verified accredited investors.

Units are offered at $62.5 each. The platform's affiliate acquired the underlying series a preferred stock at $44.5 per unit, so the offering price is 40.45% above the affiliate's purchase price. That spread is disclosed in the series' offering documents and is separate from any carried interest.

The disclosed minimum is $15,000. Eligibility, availability, and the current status of this offering are determined by StartEngine, not by AltStreet.

AltStreet's record shows the offering as funding closed. AltStreet tracks this offering from platform disclosures, last captured 2026-06-14. Offering status changes without a corresponding filing in many cases, so current availability should be confirmed directly with StartEngine before acting.