IPO - Rad Technologies Inc.

Form Type: 253G2

Filing Date: 2025-04-11

Corporate Action: Ipo

Type: New

Accession Number: 000164117225003699

Filing Summary: RAD Technologies, Inc. filed an Offering Circular Supplement to announce an increase in the price of Class B Common Stock shares from $0.55 to $0.60 per share, part of an offering of up to 21,818,181 shares. The offering will consist of 18,181,818 shares available for cash consideration and 3,636,363 bonus shares offered without additional cash consideration for eligible investors. Investors can participate with a minimum investment of $1,000.20 or 1,667 shares, plus a 2.0% Investor Transaction Fee. The offering has no minimum amount for closing and will terminate upon reaching the maximum offering amount or at the company's discretion. Proceeds will be utilized for payroll, product development, marketing, general overhead, and strategic acquisitions. The Class B shares are non-voting and there are existing stockholder agreements that affect board control. The document underscores the risks associated with the investment, including the company’s limited operating history and risks in technology development.

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Form Type: 253G2

Filing Date: 2025-02-20

Corporate Action: Ipo

Type: New

Accession Number: 000149315225007644

Filing Summary: RAD Technologies, Inc. is conducting an IPO by offering a maximum of 21,818,181 shares of Class B Common Stock, comprising 18,181,818 shares for cash consideration at $0.55 per share and 3,636,363 Bonus Shares with no cash consideration. The offering will occur on a 'best efforts' basis and will not have a minimum amount requirement. The offering is set to commence around February 20, 2025, following SEC qualification. The funds raised will primarily be allocated towards payroll, product development, marketing, and strategic acquisitions. The document outlines potential risks, including limited operational and financial history, technology development uncertainties, and reliance on a small management team for execution. The offering anticipates growing revenue streams, and sets significant terms for bonus shares that may dilute shares for other investors. It also details the associated investor fees, underwriting commissions, and the importance of simplifying AI use for clients to enhance marketing campaigns.

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Form Type: CORRESP

Filing Date: 2025-02-10

Corporate Action: Ipo

Type: Update

Accession Number: 000149315225005770

Filing Summary: RAD Technologies Inc. is responding to a verbal comment from the SEC regarding its Offering Statement on Form 1-A, filed on January 29, 2025. The company plans to recirculate revised solicitation materials for its Regulation D offering to previously contacted accredited investors, clarifying the offering's terms. The message will highlight two offerings: Regulation D, exclusively for accredited investors at a share price of $0.55 with various investment bonuses, and Regulation A, which has the same share price but is open to all investors with a lower minimum investment requirement and additional bonuses. The company aims to launch its Regulation A fundraise to attract broader investor interest through this new offering, emphasizing the proposed offerings and bonuses available. Investors are reminded that an official offer cannot be made until the SEC qualifies the offering statement.

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