IPO - AVANT TECHNOLOGIES INC.

Form Type: S-1/A

Filing Date: 2025-04-11

Corporate Action: Ipo

Type: Update

Accession Number: 000174079725000026

Filing Summary: Avant Technologies Inc. filed an amendment to its S-1 registration statement with the SEC, responding to comments received on its earlier filing. The amendment primarily relates to the offering of up to 40,000,000 shares of common stock by GHS Investments LLC, representing approximately 29.12% of shares currently outstanding, for plans to raise up to $20 million through an equity purchase agreement. The shares will be sold at 80% of the market price determined during a ten-day period preceding the put notice. The Company highlights investment risks due to its limited operating history and reliance on key personnel, among other factors. It has no minimum sale requirement but aims to use proceeds for its operations. The document details the urgency of market conditions and clarifies potential for share dilution, emphasizing the speculative nature of investing in its securities. The stock trades on the OTCQB under the AVAI symbol, with a recent trading price of $0.5 per share.

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Form Type: S-1

Filing Date: 2025-02-28

Corporate Action: Ipo

Type: New

Accession Number: 000174079725000023

Filing Summary: Avant Technologies Inc., formerly known as Trend Innovations Holding Inc., is filing a registration statement under the Securities Act of 1933 to facilitate the resale of up to 40,000,000 shares of common stock. This offering represents a significant portion of the company's outstanding share capital, with approximately 29.14% of its existing shares as of February 28, 2025, potentially being offered by selling stockholders. Priced at 80% of the market price on the 'Put Date,' the offering aims to raise gross proceeds of $20,000,000, which will be utilized to fund the intended business operations. The document also highlights that investing in the company’s common stock is associated with high risks due to a limited operating history, the impact of COVID-19 on operations, and reliance on key personnel. Additionally, the company mentioned that it has faced challenges such as limited public market for its stock, potential volatility, and need for further capital to support growth. The company intends to focus on advancing its AI and technology consulting services through various acquisitions and developments. Forward-looking statements indicate uncertainties that may affect financial results, including market conditions and operational capabilities.

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