IPO - Global Innovative Platforms Inc.
Form Type: 253G2
Filing Date: 2025-05-19
Corporate Action: Ipo
Type: New
Accession Number: 000173112225000775
Filing Summary: Global Innovative Platforms Inc. is offering a maximum of 3,000,000 shares of its common stock at a fixed price of $0.25 per share under Tier 2 of SEC Regulation A. This offering requires a minimum purchase of $5,000, with additional purchases of at least $1,000. The offering will close when the maximum offering is sold, one year after SEC qualification, or if terminated earlier by the company. Proceeds will be used for sales and marketing, veterinary lab equipment, general administrative expenses, and working capital. The company has a sole officer who owns approximately 25% of the company and controls significant decisions affecting shareholders, including potential mergers or consolidations. This IPO comes with high investment risks, as the company currently has a stockholders’ deficit and expects future losses, which raises questions about its ability to continue as a going concern without adequate financing. Furthermore, the company has faced delays in implementing its business plan due to operational challenges and the loss of key personnel.
Additional details:
Number Of Shares: 3000000
Price Per Share: 0.25
Minimum Purchase: 5000
Maximum Proceeds: 750000
Shares Outstanding Before: 40857574
Shares Outstanding After: 43857574
Market Symbol: GIPL
Offering Start Date: 2025-05-12
Termination Conditions: ["date on which the maximum offering has been sold","one year from the offering being qualified by the SEC","earlier termination at the company\u2019s discretion"]
Use Of Proceeds: ["sales and marketing","veterinary lab equipment","general and administrative expenses","working capital"]
Comments
No comments yet. Be the first to comment!