IPO - MEDX BACK PAIN CLINICS INC.

Form Type: S-1/A

Filing Date: 2025-04-25

Corporate Action: Ipo

Type: Update

Accession Number: 000121390025035460

Filing Summary: Medical Exercise Inc. is a health and wellness company focusing on back pain clinics, emphasizing physical rehabilitation services. The company previously closed a clinic in North Palm Beach, Florida, to relocate, but remains engaged in operations. The organization plans to reopen its clinic in Q4 2025 after securing a high-traffic location and completing necessary improvements. A total of 2,222,000 shares of common stock are offered for resale by selling stockholders at $0.10 per share until the stock is traded publicly, with no proceeds going to the company from these sales. The prospectus outlines significant risks, including the company's limited operating history since its inception in September 2023, and notes a substantial doubt about its ability to continue as a going concern without operational revenues. The company has accumulated a total of 12,222,000 shares outstanding, with 82% owned by directors and officers, thereby concentrating control and decision-making.

Form Type: S-1/A

Filing Date: 2025-04-21

Corporate Action: Ipo

Type: Update

Accession Number: 000121390025033796

Filing Summary: Medical Exercise Inc. has filed Amendment No. 2 to its Form S-1 registration statement with the SEC on April 21, 2025, to offer a resale of 2,222,000 shares of its common stock by selling stockholders. These shares were acquired in private placements exempt from registration. The resale price is set at $0.10 until the shares are quoted on the OTC Markets' OTCQB, after which they may be sold at prevailing market prices. The company, incorporated on September 21, 2023, intends to focus on developing a network of back pain clinics, transitioning from its previous clinic location due to plans for relocation. The prospectus highlights potential risks inherent in investing due to the company’s limited operational history, including substantial doubt about its ability to continue as a going concern. The company has incurred operating losses and will need to secure additional capital for its expansion plans, which may not be guaranteed. Key focus areas for future growth include location selection, staffing, and marketing strategies aimed at increasing patient acquisition. The company remains in development and has a growth strategy that includes the possibility of opening additional clinic locations by the end of 2026. 82% of its stock is owned by its directors and management, limiting control by minority shareholders. Financial data indicates significant losses, limited revenues, and a reliance on future funding to achieve operational viability. The filing warns investors of the potential for debt, liability, uninsured losses, and the risk of litigation.

Form Type: S-1/A

Filing Date: 2025-03-31

Corporate Action: Ipo

Type: New

Accession Number: 000121390025026249

Filing Summary: Medical Exercise Inc., a Florida corporation established in September 2023, has filed an amendment to its registration statement for an initial public offering of 2,222,000 shares of its common stock at a price of $0.10 per share. This offering is intended to allow selling shareholders, who acquired these shares in private placements exempt from registration, to resell their shares, although the company itself will not receive any proceeds from the sales. The company has faced significant challenges and financial losses, including a recent cessation of operations of its sole pain clinic in North Palm Beach, and is attempting to mobilize for future openings under a licensing and franchise model. The business is characterized by high operational risks, as it operates in a competitive health and wellness industry, with its primary officers holding substantial control over corporate decisions, which may limit investor influence. Key risk factors include a lack of operating history, substantial doubt about the company's status as a going concern, and dependence on the ability to raise capital for expansion and operations. The financial summary indicates negative operating results, working capital deficiencies, and substantial accumulated deficits, underscoring the need for careful investment consideration.

Form Type: S-1

Filing Date: 2025-01-27

Corporate Action: Ipo

Type: New

Accession Number: 000121390025007021

Filing Summary: Medical Exercise Inc., established on September 21, 2023, is a health and wellness company aiming to develop into a multi-unit health clinic service business. The company is pursuing opportunities in the physical rehabilitation segment and owns a pain clinic that recently closed for relocation. This prospectus outlines the offering of 2,222,000 shares of common stock repurchased by selling stockholders, priced at $0.10 per share until further market quotation occurs. Currently, the company's stock is not publicly traded. The document includes significant risks associated with the business model, the lack of operational performance, and the reliance on successful future fundraising and operational management. The company’s operating history is limited, and it has incurred operating losses, raising doubts about its ability to continue as a viable business. The summary also highlights the competitive nature of the health and wellness industry and the potential for significant risks to affect the financial condition and operational results.