FAQ

No, JKBX only offers individual accounts. Each JKBX account is associated with only one person.

Resetting your password is simple. Log in, navigate to your ‘Settings’ tab, and select ‘Request Reset Password Link.’ You’ll receive a one-time link in your email inbox which will lead you to instructions for creating a new password.

You can also do this at any time by selecting ‘Forgot password?’ on the ‘Sign In’ page.

The simple answer is: When we receive royalties for a specific Royalty Share, we will pay those royalties to the eligible Royalty Share holder on a quarterly basis.

But since royalties can be a little hard to understand at first, here’s more detail to help you understand how royalty payments work.

Royalties come from a variety of providers, each of which has its own distribution schedule. The frequency of when investors will receive royalty payments will ultimately depend on the providers’ accounting schedules.

Our goal at JKBX is to make this complex process seamless, predictable, intuitive, and simple. So while there is typically no one-size-fits-all schedule for royalty payments, there will be for you. We will pay eligible Royalty Share holders all of the royalties received each quarter. There may be quarters where no royalties are received, and other quarters where a lot of royalties are received. That is the nature of the music business.

Issuers will offer and sell the Royalty Shares pursuant to Regulation A under the Securities Act of 1933. Regulation A allows private companies to raise capital from the general public in the United States and not just from accredited investors. It is a provision under the Securities Act of 1933 Regulation A, which was expanded and enhanced by the JOBS Act in 2015. In some ways, it is like an initial public offering (IPO) — Regulation A allows companies to offer shares to the general public and not just accredited investors.

A Regulation A offering is sometimes called a "mini-IPO" because they resemble the process of an IPO, but with some differences. There are many financial, legal and regulatory compliance and disclosure requirements, all of which must be qualified by the SEC before any Royalty Shares can be issued.

For more information on Regulation A, please see https://www.sec.gov/education/smallbusiness/exemptofferings/rega.

An IPO, or Initial Public Offering, is a process through which a private company offers shares of its stock to the public for the first time. It’s a way for a company to raise capital and become publicly traded on a stock exchange. During an IPO, the company sells a portion of its ownership to investors in the form of shares, and these shares are then traded on the open market. This allows individuals and institutional investors to buy and sell shares of the company, providing the company with additional funds for growth and expansion.

For more information on an IPO please see https://www.sec.gov/education/capitalraising/goingpublic.

Although an IPO is the commonly used term for selling shares of stock to the public, the Royalty Shares offered on the JKBX platform are not the same as shares of public company stock. Issuers on the JKBX platform sell shares pursuant to an offering circular, which describe Royalty Shares in detail. Always refer to the offering circular for questions relating to specific Royalty Shares. The offering circular refers to the sale of Royalty Shares as an 'Initial Royalty Share Offering,' or IRSO, whenever an issuer offers Royalty Shares for the first time.

All investing involves risk and may not be appropriate for everyone. An investment in Royalty Shares involves a high degree of risk and should be made only if you are able to bear the risk of and withstand the total loss of your investment. Each listing has an offering circular and you should carefully consider and review all  information relating to any Royalty Shares, including the information under the heading “Risk Factors”, before agreeing to purchase any Royalty Shares.

There are many risks related to an investment in Royalty Shares and the royalties related thereto, which include but are not limited to, among other things, the music’s performance, the music business, and other technological, economic, regulatory, and geo-political factors. 

There is currently no trading market for Royalty Shares, and there can be no assurance that any trading market will develop or, even if developed, may not be available to all holders of Royalty Shares, may not be sustained or may cease to exist in the future, which would adversely impact the market for Royalty Shares and make it difficult, or even impossible, to sell your Royalty Shares. You should be prepared to hold Royalty Shares for an indefinite period of time, as there can be no assurance that Royalty Shares will ever be saleable in any trading market or otherwise.

We are open to international investors that meet their applicable securities regulations, however JKBX is currently optimized for US-based individuals. At this time we only offer English-language customer support in US time zones, and not all product functionality may be available internationally.

Additionally, it's important to note that regulatory and legal requirements may differ between countries, so international investors should ensure compliance with the applicable laws and regulations in their respective jurisdictions.

Reserving Royalty Shares is an opportunity to be among the first investors contacted when the Royalty Shares become available for sale on the JKBX platform. You indicate how many Royalty Shares you're interested in buying, and we’ll let you know when they're officially available for purchase.

Reserving Royalty Shares is a non-binding indication of interest to purchase the amount of Royalty Shares you select at the price you indicate. No money is being solicited from you at this stage of a given offering and, if sent, will not be accepted. You cannot purchase Royalty Shares until, if, and when they become available on the platform. If you indicate an interest, JKBX will contact you to prepare your account for subsequent purchase, and inform you promptly if and when such Royalty Shares become available for sale. You will always be provided with a copy of the offering circular before you are able to purchase any Royalty Shares.

‍Note: Royalty Shares may become oversubscribed or may not be offered at all, and as such, you may not be allotted all, some or any of your entire reservation. Please also keep in mind that while anyone can reserve Royalty Shares, all purchases are subject to successfully completing an identity verification process and depositing funds into your JKBX account by properly connecting it to a financial institution. We take compliance seriously and all our customers will go through an industry-standard Know Your Customer (KYC) verification prior to being able to purchase Royalty Shares.

In general, there are no limits to the amount of reservations you can make. Regulation A, however, limits the amount of Royalty Shares that an investor (who is not an “accredited investor”) can purchase to no more than 10% of the greater of annual income or net worth (for natural persons), or 10% of the greater of annual revenue or net assets at fiscal year-end (for non-natural persons). As such, you should not reserve (or indicate interest) in amounts greater than the Regulation A purchase limitations. Importantly, note that any “reservation” made is primarily used by the issuer to assess interest in the contemplated offering of Royalty Shares and does not require you to buy, or require us to sell to you, any specific amount of Royalty Shares.

Royalty Shares will be available for purchase only when they have been qualified by the SEC. Upon approval, you will receive an email notification.

Yes. A reservation is a non-binding indication of interest — you can cancel a reservation at any time and failure to cancel a reservation does not result in any obligation to purchase.

First, log in and navigate to your Reservations page. Find the specific reservation you want to cancel, then click the ‘X’ on the right hand side.