IPO - James Maritime Holdings Inc.

Form Type: S-1/A

Filing Date: 2025-03-07

Corporate Action: Ipo

Type: Update

Accession Number: 000109690625000229

Filing Summary: James Maritime Holdings, Inc. has filed a registration statement on Form S-1/A with the SEC on March 7, 2025, in connection with the proposed resale of 3,185,000 shares of common stock by selling security holders. The offering consists of 2,135,000 shares that are currently outstanding, along with 1,050,000 shares that may be issued upon the exercise of common stock purchase warrants under private placements. The company is not selling shares or receiving any proceeds from this offering. The resell price for the shares has been set at $3.50 until the common stock is listed on a public trading market. The document also outlines that James Maritime is classified as an emerging growth company and a smaller reporting company, having opted for reduced disclosure. Additionally, it discusses the company's recent strategy shift towards mergers and acquisitions in the private security and personal protective equipment sector, emphasizing their acquisition of Gladiator Solutions, Inc. and United Security Specialists, Inc. Furthermore, the company has undertaken various capital restructuring and operational challenges over recent years, including bankruptcy proceedings related to previous business models before its restructuring and rebranding. The current status may reflect a pivot towards growth through strategic acquisitions as the private security market expands.

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Form Type: S-1/A

Filing Date: 2025-02-28

Corporate Action: Ipo

Type: Update

Accession Number: 000109690625000208

Filing Summary: James Maritime Holdings, Inc. has filed an S-1/A registration statement to facilitate the resale of 3,185,000 shares of common stock by selling security holders. This includes 2,135,000 shares currently outstanding and 1,050,000 shares issuable upon the exercise of private placement warrants. No shares are being sold by the company, and it will not receive proceeds from the sale. The selling price is fixed at $3.50 per share until listing on a public market. The company has undergone a significant transformation, including a name change from James Maritime Holdings, Inc. to Sentinel Holdings Ltd. as of July 17, 2024. The new company strategy focuses on aggressive growth via acquisitions in the private security and personal protective equipment sectors. The company plans to expand its product offerings and market share, specifically targeting high-tech defense systems and services, amid challenges in the industry, including compliance requirements and shrinking competition due to operational difficulties faced by smaller firms. There is also an ongoing litigation affecting Gladiator Solutions, Inc., one of its subsidiaries, which is poised for revival contingent on legal resolutions. The company remains optimistic about future growth opportunities in a market projected to increase significantly through 2028, reinforcing its acquisition strategy.

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Form Type: S-1/A

Filing Date: 2025-02-12

Corporate Action: Ipo

Type: New

Accession Number: 000109690625000140

Filing Summary: James Maritime Holdings, Inc. is filing this registration statement on Form S-1/A for a proposed initial public offering of 3,185,000 shares of its common stock. The registration includes 2,135,000 shares that are currently outstanding and an additional 1,050,000 shares issuable upon the exercise of certain warrants. The company will not receive proceeds from the sale of the shares by selling security holders, but will receive approximately $2,887,000 upon exercise of the warrants. The fixed selling price is $3.50 per share until the company’s stock is listed on a public exchange. This IPO is part of the company's growth strategy following its re-domiciliation to Nevada and name change from Out-Takes, Inc. The document also highlights the company’s recent acquisitions in the private security and personal protective equipment industries, detailing their current market initiatives and risks associated with their business model. As an emerging growth company, they aim to leverage reduced reporting requirements to facilitate growth and product development, particularly in relation to personal protective equipment in response to rising market demand driven by geopolitical tensions. The last reported price of the company's stock was $4.70 prior to the prospectus date.

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