IPO - RYSE Inc.

Form Type: 253G2

Filing Date: 2025-06-02

Corporate Action: Ipo

Type: Update

Accession Number: 000168316825004111

Filing Summary: RYSE Inc. has filed a supplement to its Offering Circular originally dated October 21, 2024, which includes key updates. The offering price has been increased from $1.90 to $2.00 per share, and consulting fees payable to DealMaker Reach LLC have now been set to a maximum of $60,000, up from $30,000. The offering includes a potential maximum of 20,000,000 Class B Common Shares, with an additional 5,000,000 Class B Common Shares which may be issued as Bonus Shares. The document indicates that 1,391,219 Class B Common Shares were sold at $1.00 per share, along with various other sales at prices up to $1.90 per share, contributing to a total of $36,529,441.60 in maximum proceeds. Future sales speak to the potential growth and operational capacity of RYSE Inc. Furthermore, the offering is conducted on a best-efforts basis, which allows the company to close on any amounts invested without meeting a minimum target for proceeds. There are also stipulations about the permanence of the shares' listing and potential liquidity issues for shareholders, emphasizing the risks involved in the investment. The company plans to use proceeds from the offering for various operational needs such as sales, marketing, and research and development, with an estimated total offering expenses of approximately $9,872,068.