IPO - General Enterprise Ventures, Inc.
Form Type: S-1/A
Filing Date: 2025-05-27
Corporate Action: Ipo
Type: Update
Accession Number: 000164033425000946
Filing Summary: General Enterprise Ventures, Inc. (GEVI) is conducting a firm commitment public offering of 3,500,000 shares of common stock along with representative warrants to purchase 175,000 shares of common stock. The offering price is based on the last reported sales price of the common stock, which assumes a reverse stock split at a 1-for-6 ratio. After the offering, Theodore Ralston, the President and CEO, will control a significant portion of the voting power through his Series A Preferred Stock holdings, leading to GEVI being classified as a controlled company under NYSE American governance standards. The company plans to list its common shares under the symbol 'GEVI' on NYSE American, transitioning from its current listing on the OTC Pink Market. The registration statement is subject to completion and cannot be sold until effective, indicating that it is a preliminary prospectus dated May __, 2025.
Additional details:
Common Stock Shares: 3500000
Warrants Shares: 175000
Reverse Stock Split Ratio: 1-for-6
Ceo Name: Theodore Ralston
Proposed Symbol: GEVI
Current Symbol: GEVI
Form Type: S-1/A
Filing Date: 2025-02-14
Corporate Action: Ipo
Type: New
Accession Number: 000164033425000280
Filing Summary: General Enterprise Ventures, Inc. is conducting a firm commitment public offering of 3,500,000 shares of Common Stock with an initial offering price to be determined based on the last reported sale price. The company will maintain control through Joshua Ralston, who will own a significant percentage of voting power post-offering. The company intends to apply for listing on NYSE American under the symbol 'GEVI', contingent upon approval. As a smaller reporting company, GEVI is navigating corporate governance requirements while preparing for this public offering, which could allow it to raise funds for operational and business development purposes. The company is also issuing Representative’s Warrants to purchase additional shares and has granted an over-allotment option to the underwriter.
Additional details:
Address: 1740H Del Range Blvd, Suite 166, Cheyenne, WY 82009
Contact Number: 800-401-4535
Ceo Name: Joshua Ralston
Series Type: Convertible Series A Preferred Stock
Form Type: S-1/A
Filing Date: 2024-12-31
Corporate Action: Ipo
Type: New
Accession Number: 000164033424001965
Filing Summary: General Enterprise Ventures, Inc. (GEVI) is offering 3,500,000 shares of Common Stock at an initial offering price not yet determined, a firm commitment public offering. After this offering, Chief Executive Officer Joshua Ralston will control a majority of the voting power due to his ownership of Convertible Series A Preferred Stock. GEVI plans to list its shares on NYSE American under the symbol "GEVI". Prior to this offering, GEVI's Common Stock was traded on the OTC Pink. The offering is contingent upon the approval of the NYSE American application. Underwriting discounts and commissions will apply, and there is a 45-day over-allotment option granted to the underwriter. GEVI emphasizes the risk involved in investing in their Common Stock. The document highlights special implications of being a smaller reporting company, which is relevant for corporate governance and investor considerations.
Additional details:
Cik: 0000894556
Common Stock Offered: 3500000
Initial Public Offering Price: [•]
Control Of Voting Power: Joshua Ralston
Listing Symbol: GEVI
Previous Trading Market: OTC Pink
Comments
No comments yet. Be the first to comment!