IPO - Maverick Lifestyle Inc.

Form Type: S-1/A

Filing Date: 2025-01-28

Corporate Action: Ipo

Type: New

Accession Number: 000121390025007194

Filing Summary: Maverick Lifestyle Inc. is filing an amendment to their S-1 registration statement for an initial public offering (IPO) of 550,000 shares of Class A Common Stock. The company aims to sell its Class A Common Stock at a projected initial price between $5.50 and $6.50 per share, with the shares intended to be listed on NASDAQ under the symbol 'MVRK'. The prospectus notes that currently there is no public market for their common stock, and the offering is contingent upon meeting listing standards. The document highlights the company's business model focused on manufacturing, branding, and selling hemp-infused products such as pre-rolled joints, cigars, and related items, all of which comply with federal regulations stating THC levels must be under 0.3%. Other pertinent information indicates that they are an emerging growth company and emphasizes potential risks including dependence on regulatory approvals, market competition, and the company's financial stability. The summary also details the voting rights linked with different classes of their common stock, with Maverick Collective, Inc. holding a substantial voting power, making the company a controlled entity under NASDAQ governance rules.

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Form Type: S-1/A

Filing Date: 2025-01-06

Corporate Action: Ipo

Type: Update

Accession Number: 000121390025001220

Filing Summary: Maverick Lifestyle Inc. is filing Amendment No. 5 to its Form S-1 registration statement under the Securities Act of 1933. The purpose of this filing is to register 1,222,222 shares of its Class A Common Stock in connection with an initial public offering (IPO). The anticipated offering price is between $4.50 and $5.00 per share. Maverick has applied to list the shares on the NASDAQ Capital Market under the symbol 'MVRK'. Currently, there is no public market for these shares. The offering includes a firm commitment by underwriters along with an additional resale of 2,200,500 shares by selling stockholders. The document outlines various aspects of both the public offering and resale prospectus, highlighting that there is a significant risk associated with the investment due to the company being an emerging growth company with a limited operating history and net losses incurred since inception. Furthermore, Maverick acknowledges regulatory complexities and potential risks related to market competition.

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