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- Member-ownership at Currently

FAQ on member-ownership at Currently
Q: How do I qualify for member-ownership shares of Currently?
A: Currently subscribers receive one (1) ownership share of Currently for each new subscriber they successfully refer using Currently’s referral program. There is no limit to the number of ownership shares a subscriber can receive.
Q: How do I keep track of how many ownership shares I have?
A: At the bottom of each newsletter, there is a live-updating count of your total number of successful referrals.
Q: What are the benefits of member-ownership at Currently?
A: Member-owners of Currently receive voting rights for community decisions (one vote per member-owner), and shares are redeemable for their cash equivalent one (1) year after they are originally earned. Once Currently is profitable and completes a qualifying liquidity event, we will begin distributing a revenue share annually to member-owners in proportion to the number of shares they have.
Beyond this, being a member-owner of Currently means you are helping grow a weather service dedicated to providing services that advance safety and joy worldwide in the climate emergency — especially for underserved communities.
Q: How does member-ownership work, legally?
A: Shares are granted via a Restricted Stock Unit (RSU). You do not need to be a US citizen in order to receive a RSU grant from Currently. The RSUs will automatically convert to ownership shares one (1) year after they are earned. There is no expiration date of ownership shares once they vest.
Q: Are there any tax implications of receiving sale proceeds or revenue share from Currently via member-ownership?
A: Since Currently member-ownership is in the form of an equity grant, sale proceeds are taxable as capital gains under US law and dividends count as income. Consult with a tax advisor on how this may affect your individual case.
Q: Can I buy ownership shares of Currently directly? How much is one share worth?
A: As of late 2023, Currently’s share price is $0.31 (a US$5m valuation based on our most recent SAFE raise / 16,000,000 total shares). It’s not possible to directly purchase ownership shares of Currently, however if you would like to become a Currently investor, you can do so here.