Glow Holdings plans $350K stock offering
Glow Holdings, Inc. (GLOH) plans a Regulation A Tier 1 offering of 35,000,000 shares of common stock at $0.01 per share, for an aggregate offering price of $350,000, all on behalf of the issuer, with estimated net proceeds of $305,000.
Rhea-AI Filing Summary
Glow Holdings, Inc. (GLOH) plans a Regulation A Tier 1 offering of 35,000,000 shares of common stock at $0.01 per share, for an aggregate offering price of $350,000, all on behalf of the issuer, with estimated net proceeds of $305,000.
The Nevada-based prepackaged software company reports total assets of $7,500,000, total liabilities of $20,178 and stockholders’ equity of $7,479,822. Recent results show revenue of $458,318 and net income of $117,905, or $0.05 basic and diluted EPS, with 40,123,783 common shares outstanding trading on OTC Markets under GLOH.
Within the past year, Glow issued 38,200,000 unregistered common shares for aggregate consideration of approximately $8,400,000, including $7,500,000 of technology and intellectual property assets and 36,000,000 shares as equity compensation under an executive employment agreement.
Positive
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Negative
- None.
Filing Explained
The Form 1-A describes a proposed Tier 1 offering of 35,000,000 common shares, not a reported issuance; if completed, adding those shares to the 40,123,783 outstanding would dilute existing holders’ percentage ownership.
Key Figures
Key Terms
Regulation A regulatory
Tier 1 offering regulatory
aggregate offering price financial
Blue Sky Compliance regulatory
unregistered securities regulatory
Offering Details
FAQ
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AI-generated analysis. How Rhea-AI works. Not financial advice.