Here are the 424B prospectus supplements from Genflat Holdings Inc. (GFLT) in our archive over the last 12 months, newest first, and each one links through to the document itself with the summary and the scores our analysis gives it.
A 424B covers the supplement that carries the terms of a priced offering, so if you follow GFLT and want that one kind of document rather than the whole filing history, this is the page to keep. The company's other filings, of every form, are on the full GFLT filings page.
GenFlat Holdings, Inc. is offering 2,333,333 shares of common stock at $3.00 per share, plus 116,666 shares issuable upon exercise of underwriter warrants. This primary offering is expected to raise $6,999,999 in gross proceeds and $6,585,999 in proceeds to the company before expenses.
The company plans to use the funds mainly for working capital, general corporate purposes, and to repay approximately $550,000 of short-term working capital loans. GenFlat is an early-stage container leasing business with patented collapsible marine containers, limited operating history, minimal revenue, and significant losses, and its auditors have expressed substantial doubt about its ability to continue as a going concern.