IPO - MODE MOBILE, INC.

Form Type: 253G2

Filing Date: 2025-05-06

Corporate Action: Ipo

Type: Update

Accession Number: 000164117225008875

Filing Summary: Mode Mobile, Inc. has filed a supplement to its offering to increase cash proceeds resulting from adjustments to certain Bonus Shares eligible for sale for cash consideration. As of May 2, 2025, the company has issued approximately 250,900,402 shares in this offering, generating a total of $40,963,246 in gross proceeds. The offering includes up to 277,812,098 shares of Class AAA Common Stock, where up to 142,275,262 shares are offered directly for cash consideration to raise up to $37,500,000, and up to 106,672,945 shares may be issued as Bonus Shares to eligible investors. 28,863,891 shares will be sold by selling securityholders for up to $7,500,000. The company reallocated remaining shares to allow total cash proceeds to reach $45,000,000. The minimum investment is set at $999.90 or 3,333 shares, and the offering has no minimum amount requirement. Significant risks associated with this offering include the company's limited operating history and ongoing dependence on capital to support growth and operational stability.