Data / Crowdfunding / Florida / Kationx Corp.
Kationx Corp.: crowdfunding raise on StartEngine Capital, LLC, $9,999 to $1,069,999 (2021)
Kationx Corp., a corporation in Indialantic, FL, filed a Form C with the SEC on April 21, 2021 to raise $9,999 to $1,069,999 in Class B Common Share through StartEngine Capital, LLC. The offering closed on July 29, 2021. In its most recent fiscal year it reported $78,172 in revenue and a net loss of $766,929, with 13 employees.
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- Website
- kationx.com
- Funding portal
- StartEngine Capital, LLC
- Address
- 442 Fourth Ave, Indialantic, FL 32903
- Legal form
- Corporation
- Jurisdiction
- DE
- Incorporated
- May 28, 2019
- SEC CIK
- 0001831843
Offering terms
From the amendment filed April 21, 2021.
- Security
- Class B Common Share
- Price
- $0.72
- Target
- $9,999
- Maximum
- $1,069,999
- Deadline
- July 29, 2021
- Portal compensation
- 7.0 percent
Financials
From the Form C-AR/A filed December 29, 2021.
| Most recent fiscal year | Prior fiscal year | Source | |
|---|---|---|---|
| Revenue | $78,172 | $11,880 | sec.gov |
| Cost of goods sold | $19,544 | $49,481 | sec.gov |
| Net income | $-766,929 | $-429,155 | sec.gov |
| Taxes paid | $0 | $0 | sec.gov |
| Total assets | $117,628 | $93,753 | sec.gov |
| Cash | $16,967 | $11,027 | sec.gov |
| Accounts receivable | $19,281 | $0 | sec.gov |
| Short-term debt | $401,512 | $283,290 | sec.gov |
| Long-term debt | $0 | $0 | sec.gov |
Filings
| Filed | Filing | Target | Maximum | Deadline | Note | Source |
|---|---|---|---|---|---|---|
| December 29, 2021 | Annual report, amended | Not listed | Not listed | sec.gov | ||
| August 23, 2021 | Progress update | $9,999 | $1,069,999 | July 29, 2021 | At the close of the offering, the issuer closed on $250129.44 and 388494 shares of Class B Common Share. | sec.gov |
| August 2, 2021 | Progress update | $9,999 | $1,069,999 | July 29, 2021 | At the close of the offering, the issuer closed on $240642.72 and 374322 shares of Class B Common Share. | sec.gov |
| June 17, 2021 | Annual report, amended | Not listed | Not listed | sec.gov | ||
| April 28, 2021 | Annual report | Not listed | Not listed | sec.gov | ||
| April 21, 2021 | Amendment | $9,999 | $1,069,999 | July 29, 2021 | Kationx extended the length of the campaign. | sec.gov |
| February 8, 2021 | Amendment | $9,999 | $1,069,999 | April 30, 2021 | Added financial statements, includes updated info related to line of credit. The issuer also corrected their total number of outstanding shares of Class A Common Stock (20,297,192 to 19,852,550) and Series Seed Preferred Stock (1,892,219 to 1,778,568). | sec.gov |
| December 11, 2020 | Offering | $9,999 | $1,069,999 | April 30, 2021 | sec.gov |
Updated December 29, 2021. Read from SEC EDGAR. Public domain (U.S. government work). Financials are as each company reported them in its Form C, unaudited unless the filing says otherwise. Websites are the ones the companies declared to the SEC. Free to reuse with credit to SpecStream under CC BY 4.0. Spot a wrong value? Write to [email protected] with the link to this page.