ODD
Oddity Tech Ltd.
NasdaqGMUSDEQUITY
Consumer Defensive
DELAYED
Neutral
+4/100
Last price
18.86
▼ 0.73 (3.75%)
MARKET · —
Price
Chart style
Interval
Intraday intervals only cover recent history. The site picks the finest interval the range allows.
Overlays
Session levels
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Both series are rebased to 0% at the left edge, so the lines show relative performance rather than price.
Tool
1D
—
H —
L —
Range —
Vol —
vs
Drag pan · Pinch zoom · Hold crosshair · pick a tool then drag to draw
Open
19.59
Prev close
19.59
Day high
19.73
Day low
18.94
Volume
631.95K
Market cap
$887.90M
P/E (TTM)
87.50
52W range
9.25 – 59.96
Day trading desk
Gap from prior close
-0.00%
Prior close 19.59
VWAP
19.27
-2.16% from price
Relative volume
0.97×
Normal
Session range
4.75%
18.86 – 19.75
Position in range
0%
Near session low
ATR (14D)
1.15
6.12% of price
Prior day high
20.67
PDH
Prior day low
19.09
PDL
Bid / ask spread
—
Quote not published
Session volume
1.08M
Avg 1.12M
VWAP and the session figures are computed from the delayed intraday series on this page, so they lag the live tape and will not match a broker's real-time VWAP exactly. Turn on Prior day H/L/C, Opening range and Volume profile in the chart's Studies menu to see these levels drawn on price.
Trailing performance
Returnvs SPY
1W
+7.54%
+5.6%
1M
+40.00%
+38.8%
3M
+16.53%
+12.0%
6M
+26.40%
+8.2%
YTD
-52.09%
-66.3%
1Y
-67.53%
-83.9%
3Y
-32.10%
-114.4%
5Y
—
—
Price return only. Dividends are not reinvested, so total return on a dividend payer will be higher than shown.
Unusual options activity
Nothing crossed the thresholds in the expiries we scanned.
That is the normal state — most contracts trade well inside their existing open interest.
That is the normal state — most contracts trade well inside their existing open interest.
Contracts trading at or above their open interest, ranked by notional and where the print landed.
Free account
5 more panels on ODD open with an account.
Options chains and analytics, valuation ratios, insider filings, analyst targets and ownership. No card, no trial, nothing to cancel.
Insider net activity
Net shares
+100.20K
Net buying
Buy transactions
10
291.86K shares
Sell transactions
7
191.66K shares
Net transactions
+17
Buys less sells
Sell : buy shares
0.7 : 1
Mixed
Insider-held shares
3.26M
Total on file
Insider transactions
| Date | Insider | Action | Shares | Value | Held |
|---|---|---|---|---|---|
| Sep 30, 26 | DRUCKER MANN LINDSAY Chief Financial Officer |
— | 23.93K | — | Direct |
| Sep 3, 26 | DRUCKER MANN LINDSAY Officer |
SELL | 8.53K | $128.59K | Direct |
| Sep 3, 26 | DRUCKER MANN LINDSAY Officer |
CONVERSION | 8.53K | $80.06K | Direct |
| Aug 31, 26 | DRUCKER MANN LINDSAY Officer |
SELL | 39.36K | $584.45K | Direct |
| Aug 31, 26 | DRUCKER MANN LINDSAY Officer |
CONVERSION | 51.00K | $254.22K | Direct |
| Aug 26, 26 | DRUCKER MANN LINDSAY Officer |
SELL | 3.49K | $52.43K | Direct |
| Aug 26, 26 | DRUCKER MANN LINDSAY Officer |
CONVERSION | 3.49K | $32.80K | Direct |
| Aug 5, 26 | DRUCKER MANN LINDSAY Officer |
SELL | 11.47K | $173.24K | Direct |
| Jul 31, 26 | DRUCKER MANN LINDSAY Officer |
— | 23.93K | — | Direct |
| Jul 28, 26 | NIR YEHOSHUA Director |
— | 4.60K | — | Direct |
| Jul 28, 26 | PAYORSKI LILACH CPA Director |
— | 4.60K | — | Direct |
| Jun 30, 26 | DRUCKER MANN LINDSAY Officer |
SELL | 109.60K | $1.65M | Direct |
| Jun 30, 26 | DRUCKER MANN LINDSAY Officer |
CONVERSION | 123.93K | $939.00K | Direct |
| Jun 1, 26 | DRUCKER MANN LINDSAY Officer |
SELL | 9.60K | $129.06K | Direct |
What this is, and what it is not
These are SEC Form 4 filings — officers, directors and 10% owners reporting their own trades in the company's stock. Filing is due within two business days of the transaction, so this lags reality by days, and the provider adds its own lag on top.
A sale is not automatically bearish. Executives sell on scheduled 10b5-1 plans, to cover tax on vesting equity, and to diversify. Purchases with cash are generally the more informative signal, and they are far rarer.
This does not include congressional or senate trading. That comes from STOCK Act disclosures filed with the Senate eFD system and the House Clerk, which this data source does not carry.
Officer and director trades in their own stock, straight from Form 4 filings.
Insider holders
| Name | Relation | Shares held | Latest |
|---|---|---|---|
DRUCKER MANN LINDSAY |
Chief Financial Officer | 127.85K | Conversion of Exercise of derivative security |
NIR YEHOSHUA |
Director | 8.64K | Conversion of Exercise of derivative security |
PAYORSKI LILACH CPA |
Director | 15.51K | Conversion of Exercise of derivative security |
Fundamentals
Market cap$887.90M
Enterprise value$1.28B
Revenue (TTM)$679.08M
Gross profit$475.42M
EBITDA$5.14M
Net income$15.16M
EPS (TTM)$0.22
Free cash flow$-64.76M
Total cash$193.15M
Total debt$559.24M
Book value / share$5.10
Shares outstanding34.58M
Float29.52M
Short % of float30.73%
Dividend yield0.00%
Beta (5Y)2.24
Valuation & profitability ratios
Trailing P/E87.50
Forward P/E16.93
PEG ratio—
Price / sales—
Price / book3.77
EV / revenue1.89
EV / EBITDA249.75
Gross margin70.01%
Operating margin-0.70%
Profit margin2.23%
Return on equity5.10%
Return on assets-0.48%
Debt / equity229.88
Current ratio3.45
Fourteen ratios including P/E, PEG, EV/EBITDA, margins and return on equity.
Financial statements
| Line item | 2025 | 2024 | 2023 | 2022 | YoY |
|---|---|---|---|---|---|
| Total revenue | $809.84M | $647.04M | $508.69M | $324.52M | +25.2% |
| Operating revenue | $809.84M | $647.04M | $508.69M | $324.52M | +25.2% |
| Cost of revenue | $221.14M | $178.72M | $150.46M | $106.47M | +23.7% |
| Gross profit | $588.71M | $468.32M | $358.23M | $218.05M | +25.7% |
| Selling, general & admin | $469.94M | $352.72M | $283.91M | $190.38M | +33.2% |
| Total operating expense | $469.94M | $352.72M | $283.91M | $190.38M | +33.2% |
| Operating income | $118.77M | $115.60M | $74.32M | $27.66M | +2.7% |
| Net interest income | $16.93M | $12.31M | $4.28M | $1.25M | +37.6% |
| Pre-tax income | $135.71M | $127.91M | $78.60M | $28.91M | +6.1% |
| Tax provision | $24.96M | $26.41M | $20.07M | $7.18M | -5.5% |
| Net income | $110.75M | $101.49M | $58.53M | $21.73M | +9.1% |
| Net income to common | $110.75M | $101.49M | $58.53M | $21.73M | +9.1% |
| Basic EPS | 1.95 | 1.77 | 1.06 | 0.40 | +10.2% |
| Diluted EPS | 1.80 | 1.64 | 1.00 | 0.38 | +9.8% |
| EBIT | $118.77M | $115.60M | $74.32M | $27.66M | +2.7% |
| EBITDA | $131.37M | $125.43M | $82.92M | $32.07M | +4.7% |
| Basic shares | 56.92M | 57.35M | 54.69M | 53.90M | -0.8% |
| Diluted shares | 61.64M | 61.77M | 57.38M | 57.00M | -0.2% |
| Line item | 2025 | 2024 | 2023 | 2022 | 2021 | YoY |
|---|---|---|---|---|---|---|
| Cash & equivalents | $402.21M | $50.34M | $36.54M | $40.95M | — | +699.0% |
| Cash & short-term investments | $413.38M | $100.22M | $115.65M | $58.95M | — | +312.5% |
| Accounts receivable | $16.90M | $9.19M | $9.92M | $7.58M | — | +84.0% |
| Inventory | $135.18M | $99.81M | $84.11M | $70.23M | — | +35.4% |
| Total current assets | $601.80M | $223.37M | $223.81M | $145.93M | — | +169.4% |
| Property, plant & equipment | $33.17M | $33.38M | $22.80M | $22.75M | — | -0.6% |
| Goodwill & intangibles | $108.49M | $101.36M | $100.91M | $43.04M | — | +7.0% |
| Total assets | $1.14B | $438.88M | $404.91M | $216.41M | — | +159.2% |
| Total current liabilities | $114.83M | $124.80M | $109.31M | $90.41M | — | -8.0% |
| Current debt | — | — | — | $3.92M | $4.43M | — |
| Long-term debt | $584.37M | — | — | — | $919.00K | — |
| Total debt | $607.83M | $22.71M | $12.51M | $15.88M | — | +2,576.5% |
| Total liabilities | $741.30M | $156.58M | $121.80M | $105.43M | — | +373.4% |
| Retained earnings | $314.01M | $203.27M | $101.78M | $43.24M | — | +54.5% |
| Shareholder equity | $396.50M | $282.30M | $283.11M | $110.98M | — | +40.4% |
| Working capital | $486.97M | $98.57M | $114.50M | $55.53M | — | +394.0% |
| Net tangible assets | $288.01M | $180.94M | $182.20M | $67.94M | — | +59.2% |
| Shares issued | 57.58M | 55.83M | 56.87M | 56.54M | — | +3.1% |
| Line item | 2025 | 2024 | 2023 | 2022 | YoY |
|---|---|---|---|---|---|
| Net income | $110.75M | $101.49M | $58.53M | $21.73M | +9.1% |
| Depreciation & amortisation | $12.60M | $9.83M | $8.61M | $4.41M | +28.2% |
| Stock-based compensation | $33.89M | $25.02M | $24.11M | $6.70M | +35.4% |
| Change in working capital | -$63.95M | $7.00M | -$2.04M | $7.12M | -1,013.0% |
| Operating cash flow | $87.58M | $137.76M | $87.45M | $39.03M | -36.4% |
| Capital expenditure | -$16.19M | -$9.60M | -$5.81M | -$7.40M | -68.6% |
| Investing cash flow | -$267.25M | $1.35M | -$139.99M | -$25.78M | -19,866.9% |
| Share buybacks | $0 | -$147.59M | $0 | -$607.00K | +100.0% |
| Financing cash flow | $531.35M | -$127.30M | $48.81M | -$246.00K | +517.4% |
| Free cash flow | $71.39M | $128.16M | $81.65M | $31.63M | -44.3% |
| End cash position | $402.28M | $50.35M | $38.77M | $43.11M | +699.0% |
| Line item | 2026-06-30 | 2026-03-31 | 2025-12-31 | 2025-09-30 | 2025-06-30 | YoY |
|---|---|---|---|---|---|---|
| Total revenue | $180.52M | $197.94M | $152.73M | $147.90M | $241.14M | -8.8% |
| Operating revenue | $180.52M | $197.94M | $152.73M | $147.90M | $241.14M | -8.8% |
| Cost of revenue | $56.57M | $59.97M | $45.11M | $42.02M | $66.79M | -5.7% |
| Gross profit | $123.95M | $137.97M | $107.62M | $105.89M | $174.35M | -10.2% |
| Selling, general & admin | $125.21M | $163.46M | $105.97M | $88.53M | $117.26M | -23.4% |
| Total operating expense | $125.21M | $163.46M | $105.97M | $88.53M | $117.26M | -23.4% |
| Operating income | -$1.26M | -$25.49M | $1.65M | $17.36M | $57.09M | +95.1% |
| Net interest income | $16.53M | $5.31M | $5.59M | $6.20M | $2.49M | +211.6% |
| Pre-tax income | $15.27M | -$20.18M | $7.25M | $23.56M | $59.59M | +175.7% |
| Tax provision | $2.38M | $1.18M | $1.36M | $5.82M | $10.30M | +102.5% |
| Net income | $12.89M | -$21.36M | $5.88M | $17.75M | $49.28M | +160.3% |
| Net income to common | $12.89M | -$21.36M | $5.88M | $17.75M | $49.28M | +160.3% |
| Basic EPS | 0.27 | -0.38 | 0.10 | 0.31 | 0.87 | +171.1% |
| Diluted EPS | 0.24 | -0.38 | 0.10 | 0.28 | 0.79 | +163.2% |
| EBIT | -$1.26M | -$25.49M | $1.65M | $17.36M | $57.09M | +95.1% |
| EBITDA | $1.97M | -$21.22M | $6.27M | $20.03M | $59.75M | +109.3% |
| Basic shares | 47.68M | 56.32M | 57.49M | 57.34M | 56.82M | -15.3% |
| Diluted shares | 54.08M | 56.32M | 61.22M | 62.66M | 62.34M | -4.0% |
| Line item | 2026-06-30 | 2026-03-31 | 2025-12-31 | 2025-09-30 | 2025-06-30 | YoY |
|---|---|---|---|---|---|---|
| Cash & equivalents | $167.27M | $278.60M | $402.21M | $592.00M | $656.82M | -40.0% |
| Cash & short-term investments | $193.15M | $295.71M | $413.38M | $639.71M | $678.68M | -34.7% |
| Accounts receivable | $12.13M | $23.31M | $16.90M | $9.49M | $10.77M | -48.0% |
| Inventory | $152.17M | $147.98M | $135.18M | $116.05M | $94.23M | +2.8% |
| Total current assets | $390.67M | $500.09M | $601.80M | $786.58M | $798.32M | -21.9% |
| Property, plant & equipment | $29.96M | $32.69M | $33.17M | $33.85M | $33.18M | -8.3% |
| Goodwill & intangibles | $113.37M | $111.05M | $108.49M | $105.39M | $101.62M | +2.1% |
| Total assets | $935.12M | $1.05B | $1.14B | $1.11B | $1.10B | -10.9% |
| Total current liabilities | $113.19M | $123.16M | $114.83M | $104.38M | $126.41M | -8.1% |
| Long-term debt | $537.25M | $585.22M | $584.37M | $583.50M | $582.63M | -8.2% |
| Total debt | $559.24M | $609.02M | $607.83M | $607.34M | $605.48M | -8.2% |
| Total liabilities | $691.85M | $750.92M | $741.30M | $728.45M | $746.66M | -7.9% |
| Retained earnings | $305.54M | $292.65M | $314.01M | $308.13M | $290.38M | +4.4% |
| Shareholder equity | $243.27M | $298.91M | $396.50M | $380.68M | $351.24M | -18.6% |
| Working capital | $277.48M | $376.93M | $486.97M | $682.20M | $671.92M | -26.4% |
| Net tangible assets | $129.91M | $187.87M | $288.01M | $275.29M | $249.61M | -30.9% |
| Shares issued | 46.12M | 56.66M | 57.58M | 57.44M | 57.44M | -18.6% |
| Line item | 2026-06-30 | 2026-03-31 | 2025-12-31 | 2025-09-30 | 2025-06-30 | 2025-03-31 | YoY |
|---|---|---|---|---|---|---|---|
| Net income | $12.89M | -$21.36M | $5.88M | $17.75M | $49.28M | — | +160.3% |
| Depreciation & amortisation | $3.23M | $4.27M | $4.62M | $2.67M | $2.65M | — | -24.3% |
| Stock-based compensation | $9.79M | $8.10M | $8.16M | $8.88M | $9.77M | — | +20.8% |
| Change in working capital | $1.71M | -$9.87M | -$25.10M | -$32.96M | -$46.99M | — | +117.4% |
| Operating cash flow | $14.29M | -$20.23M | -$4.95M | -$8.85M | $13.05M | — | +170.6% |
| Capital expenditure | — | -$5.05M | -$5.97M | -$8.26M | -$2.07M | -$2.74M | — |
| Investing cash flow | -$7.60M | -$23.49M | -$184.38M | -$43.25M | -$35.66M | — | +67.7% |
| Share buybacks | -$82.72M | -$80.06M | $0 | $0 | $0 | — | -3.3% |
| Financing cash flow | -$117.83M | -$80.04M | -$496.00K | -$12.51M | $542.42M | — | -47.2% |
| Free cash flow | $17.79M | -$25.29M | -$10.92M | -$17.11M | $13.84M | — | +170.3% |
| End cash position | $167.30M | $278.62M | $402.28M | $592.07M | $656.90M | — | -40.0% |
Options analytics
Put / call volume
0.84
Call-heavy session
Put / call open interest
—
Positioning, not flow
Max pain
8.00
-58.4% from spot
ATM implied vol
0.0%
Nearest strike to spot
Skew (10% OTM)
+25.0%
Puts bid over calls
Call volume
37
Contracts, this expiry
Put volume
31
Contracts, this expiry
Heaviest call OI
8.00
0 contracts
Heaviest put OI
12.00
0 contracts
Max pain is the strike at which the largest dollar value of open contracts expires worthless. It describes current positioning; it is not a forecast and it moves as open interest changes.
Put/call ratios, max pain, implied volatility skew and where open interest is concentrated.
Earnings
Reported vs expected · EPS
| Quarter | Est. | Actual | Surprise |
|---|---|---|---|
| Jun 2026 | 0.12 | 0.20 | +71.3% |
| Mar 2026 | -0.05 | -0.17 | -239.3% |
| Dec 2025 | 0.14 | 0.20 | +41.4% |
| Sep 2025 | 0.35 | 0.40 | +14.4% |
Forward consensus
| Period | EPS | Analysts | Revenue | Growth |
|---|---|---|---|---|
| Current quarter | 0.30 | 9 | $140.47M | -5.0% |
| Next quarter | 0.12 | 9 | $137.09M | -10.2% |
| Current year | 0.46 | 9 | $656.30M | -19.0% |
| Next year | 1.14 | 9 | $748.97M | +14.1% |
Analyst targets & ownership
Mean target$15.31
High target$21.00
Low target$9.00
Implied upside-18.79%
Analyst count8
ConsensusNONE
Strong buy / Buy0 / 0
Hold8
Sell / Strong sell1 / 2
Held by insiders6.83%
Held by institutions112.21%
Institutions holding207
Price targets, consensus spread, insider and institutional ownership.
Moving averages & technicals
SMA 10
18.54
+1.72% from price
SMA 20
18.27
+5.34% from price
SMA 50
15.66
+22.92% from price
SMA 100
14.71
+28.15% from price
SMA 200
19.08
+0.87% from price
EMA 12
18.53
+1.75% from price
EMA 26
17.53
+7.57% from price
EMA 50
16.52
+14.16% from price
RSI (14)
61.2
Neutral
MACD (12,26,9)
1.00
Hist 0.01
ATR (14)
1.15
6.00% of price
Realised vol 30D
92.8%
Annualised
Bollinger upper
19.99
20, 2σ
Bollinger lower
16.56
20, 2σ
50 / 200 cross
Death
15.66 vs 19.08
Trend bias
Above 200
+0.87%
Options chain
Calls
| Strike | Last | Bid | Ask | Vol | OI | IV |
|---|---|---|---|---|---|---|
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
Puts
| Strike | Last | Bid | Ask | Vol | OI | IV |
|---|---|---|---|---|---|---|
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
Every listed expiry, both sides of the book, with volume, open interest and implied volatility.
Risk profile
Beta vs SPY
1.02
More volatile than market
Correlation to SPY
0.14
Largely independent
Realised vol 30D
92.8%
Annualised
Market vol 1Y
13.0%
SPY, annualised
Max drawdown 1Y
-83.6%
Peak to trough
Max drawdown 5Y
-87.3%
Peak to trough
ATR 14
1.15
6.00% of price
Beta (reported)
2.24
5Y monthly, from filing
Short interest
Shares short
6.27M
Prior 6.58M
Change vs prior
-4.8%
Shorts covering
% of float
30.73%
Heavily shorted
% of shares out
13.60%
Against total outstanding
Days to cover
3.9
Liquid
Float
29.52M
Freely tradeable shares
Exchanges publish short interest twice a month with a settlement lag, so this is roughly two weeks behind. Days to cover divides shares short by average daily volume — it estimates how long covering would take, not whether it will happen.
Rating changes
| Date | Firm | Action | From | To |
|---|---|---|---|---|
| Sep 10, 26 | Morgan Stanley | MAINTAINED | Equal-Weight | Equal-Weight |
| Sep 10, 26 | Truist Securities | MAINTAINED | Hold | Hold |
| Sep 10, 26 | Evercore ISI Group | MAINTAINED | In-Line | In-Line |
| Sep 9, 26 | Jefferies | MAINTAINED | Hold | Hold |
| Sep 8, 26 | Needham | MAINTAINED | Hold | Hold |
| Sep 1, 26 | Truist Securities | MAINTAINED | Hold | Hold |
| Jun 4, 26 | Evercore ISI Group | MAINTAINED | In-Line | In-Line |
| Jun 3, 26 | Morgan Stanley | MAINTAINED | Equal-Weight | Equal-Weight |
| Jun 3, 26 | Goldman Sachs | DOWNGRADE | Neutral | Sell |
| Jun 3, 26 | Barclays | MAINTAINED | Underweight | Underweight |
| Jun 3, 26 | Truist Securities | MAINTAINED | Hold | Hold |
| Jun 3, 26 | Keybanc | DOWNGRADE | Overweight | Sector Weight |
Dividends & splits
Forward rate—
Forward yield0.00%
5-year avg yield—
Payout ratio0.00%
Ex-dividend date—
Next pay date—
Last split—
Split date—
SEC filings
Corporate Changes & Voting Matters
6-K · 2026-09-09
Corporate Changes & Voting Matters
6-K · 2026-08-21
Corporate Changes & Voting Matters
6-K · 2026-07-30
Corporate Changes & Voting Matters
6-K · 2026-06-16
Corporate Changes & Voting Matters
6-K · 2026-06-12
Offering Registrations
S-8 · 2026-06-04
Corporate Changes & Voting Matters
6-K · 2026-06-02
Periodic Financial Reports
20-F · 2026-03-17
Headlines
Oddity Tech (ODD) Stock Gets Fair Value Boost After Analysts Raised Targets
Simply Wall St. · 5d ago
Ciena upgraded, Flutter downgraded: Wall Street's top analyst calls
The Fly · 16d ago
Oddity Tech’s Revenue Fell 25%. Is the IL MAKIAGE Advertising Fix Working?
Insider Monkey · 20d ago
Earnings Estimates Moving Higher for Oddity Tech (ODD): Time to Buy?
Zacks · 22d ago
Oddity Tech (ODD) Q2 2026 Earnings Call Transcript
Motley Fool · 27d ago
Why Oddity Tech's Stock Skyrocketed 26.5% Today
Motley Fool · 27d ago
ODDITY Tech Ltd (ODD) (Q2 2026) Earnings Call Highlights: Revenue Declines 25% as IL MAKIAGE ...
GuruFocus.com · 27d ago
Oddity Tech Ltd. Q2 2026 Earnings Call Summary
Moby · 28d ago
PRIVATE STRATEGY · BY QUALIFICATION
The same data. A different seat.
The research you are reading is the input layer for a discretionary options program we run for a small number of qualified investors. Minimum $1,000,000.