IPO - SMART RX SYSTEMS INC

Form Type: 253G2

Filing Date: 2025-06-05

Corporate Action: Ipo

Type: New

Accession Number: 000153949725001577

Filing Summary: SMART RX SYSTEMS INC is conducting a Tier II, Regulation A offering for an amount of $50,000,000, which consists of $45,000,000 in Series REG A Non-Voting Preferred Stock and $5,000,000 in Class REG A Super-Voting Common Stock. The offering price is set at $10.00 per share. The company reserves the right to increase the offering amount to $75,000,000. The shares will be available for purchase and will be held in a non-interest-bearing escrow account until the initial closing. Following the closing, the company intends to distribute the proceeds to itself in exchange for the shares. The offering touches on the planned initial public offering (IPO) once net proceeds of $40,000,000 are achieved. The company will also explore listing on recognized national securities exchanges, specifically noting that they will convert existing classes of stock into a uniform class of common stock upon the planned listing. The document provides a detailed overview of the offering, including disclosure regarding the flexible terms, control dynamics regarding existing shareholders, and comprehensive operational aspects of the new Kiosk technology employed by the company.