Data443 Risk Mitigation, Inc. Files S-1/A Amendment

TL;DR

<b>Data443 Risk Mitigation, Inc. has filed an S-1/A amendment, providing updated financial and corporate information.</b>

AI Summary

Data443 Risk Mitigation, Inc. (ATDS) filed a Amended IPO Registration (S-1/A) with the SEC on January 23, 2024. Filing is an S-1/A amendment for Data443 Risk Mitigation, Inc. The company was formerly known as LandStar, Inc. and DATA443 RISK MITIGATION, INC. Incorporated in Nevada with fiscal year end on December 31st. Business and mailing address located at 4000 SANCAR WAY, SUITE 400, RESEARCH TRIANGLE PARK, NC 27709. Filing includes data for periods ending September 30, 2023, December 31, 2022, and September 30, 2022.

Why It Matters

For investors and stakeholders tracking Data443 Risk Mitigation, Inc., this filing contains several important signals. This amendment updates the company's registration statement, which is crucial for potential investors to assess the company's current financial health and strategic direction. Understanding the company's history, including name changes and incorporation details, provides context for its evolution and current market position.

Risk Assessment

Risk Level: medium — Data443 Risk Mitigation, Inc. shows moderate risk based on this filing. The company has undergone multiple name changes and its filing status as an S-1/A suggests it is in the process of raising capital or making significant corporate changes, which inherently carries risk.

Analyst Insight

Monitor future filings for updates on capital raising activities and financial performance following this S-1/A amendment.

Key Numbers

• 2024-01-23 — Filing Date (Date of the S-1/A filing)
• 2023-09-30 — Most Recent Period End (End date for financial data presented)
• 2022-12-31 — Prior Year End (End date for prior year financial data)
• 1933 — SEC Act (Securities Act of 1933)

Key Players & Entities

• Data443 Risk Mitigation, Inc. (company) — Filer name
• LandStar, Inc. (company) — Former company name
• DATA443 RISK MITIGATION, INC. (company) — Former company name
• NV (location) — State of incorporation
• NC (location) — State of business address
• 4000 SANCAR WAY, SUITE 400 (address) — Business and mailing address
• RESEARCH TRIANGLE PARK (location) — City of business address
• 919-858-6542 (phone) — Business phone number

FAQ

Risk Factors

• SEC Filing Requirements [medium — regulatory]: The company is subject to ongoing reporting requirements under the Securities Exchange Act of 1934, which necessitates timely and accurate filings.
• Capital Raising Activities [medium — financial]: The S-1/A filing indicates potential capital raising activities, which can dilute existing shareholders or may not be successful.
• Business Evolution [medium — operational]: The company has undergone significant name changes, suggesting a history of strategic shifts or restructuring that could impact future operations.

Key Dates

• 2024-01-23: S-1/A Filing — Amendment to the registration statement
• 2018-12-12: Name Change — Former name change to DATA443 RISK MITIGATION, INC.
• 2018-04-09: Name Change — Former name change to DATA443 RISK MITIGATION, INC.
• 2010-09-09: Name Change — Former name change to LANDSTAR INC

Key Financial Figures

• $5.00 — offering price per Unit will be between $5.00 and $6.00. Each Unit consists of one sh
• $6.00 — rice per Unit will be between $5.00 and $6.00. Each Unit consists of one share of com
• $0.001 — consists of one share of common stock, $0.001 par value per share, and one warrant (e
• $5.50 — of common stock at an exercise price of $5.50 per share, constituting 100% of the pri
• $0 — luding one share of common stock, minus $0.001, and the remaining exercise price o
• $5 — d based on an assumed offering price of $5.50, which is the midpoint of the price
• $510,000 — mmissions payable will be approximately $510,000, and the total proceeds to us, before e
• $6,000,000 — before expenses, will be approximately $6,000,000. If the underwriter does exercise the o
• $586,500 — mmissions payable will be approximately $586,500, and the total proceeds to us, before e
• $6,900,000 — before expenses, will be approximately $6,900,000. The underwriter expects to deliver t

Filing Documents

• forms-1a.htm (S-1/A) — 3776KB
• ex10-44.htm (EX-10.44) — 96KB
• ex10-45.htm (EX-10.45) — 91KB
• ex10-46.htm (EX-10.46) — 65KB
• ex10-47.htm (EX-10.47) — 76KB
• ex23-1.htm (EX-23.1) — 4KB
• ex107.htm (EX-FILING FEES) — 71KB
• logo_001.jpg (GRAPHIC) — 8KB
• ex10-44_001.jpg (GRAPHIC) — 5KB
• ex10-45_001.jpg (GRAPHIC) — 4KB
• ex10-46_001.jpg (GRAPHIC) — 8KB
• ex10-47_001.jpg (GRAPHIC) — 5KB
• 0001493152-24-003349.txt (&nbsp;) — 14317KB
• ldsrd-20230930.xsd (EX-101.SCH) — 89KB
• ldsrd-20230930_cal.xml (EX-101.CAL) — 84KB
• ldsrd-20230930_def.xml (EX-101.DEF) — 388KB
• ldsrd-20230930_lab.xml (EX-101.LAB) — 642KB
• ldsrd-20230930_pre.xml (EX-101.PRE) — 537KB
• forms-1a_htm.xml (XML) — 2358KB

RISK FACTORS

RISK FACTORS 13 CAUTIONARY NOTE REGARDING FORWARD-LOOKING STATEMENTS 33

USE OF PROCEEDS

USE OF PROCEEDS 34 DETERMINATION OF OFFERING PRICE 34

DILUTION

DILUTION 34 PRICE RANGE OF THE REGISTRANT'S COMMON STOCK 36 DIVIDEND POLICY 36 CAPITALIZATION 36

MANAGEMENT'S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS OF OPERATIONS

MANAGEMENT'S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS OF OPERATIONS 38

BUSINESS

BUSINESS 50 MANAGEMENT 56 EXECUTIVE AND DIRECTOR COMPENSATION 62 CERTAIN RELATIONSHIPS AND RELATED PARTY TRANSACTIONS 69 PRINCIPAL STOCKHOLDERS 69 SHARES ELIGIBLE FOR FUTURE SALE 70 INDEMNIFICATION FOR SECURITIES ACT LIABILITIES 72

DESCRIPTION OF SECURITIES THAT WE ARE OFFERING

DESCRIPTION OF SECURITIES THAT WE ARE OFFERING 72

UNDERWRITING

UNDERWRITING 78 LEGAL MATTERS 82 EXPERTS 82 WHERE YOU CAN FIND MORE INFORMATION 82 INDEX TO FINANCIAL STATEMENTS F-1 In this Prospectus, "we"; "us"; "our"; the "Company"; and "ATDS" refer to DATA443 RISK MITIGATION, INC., a Nevada corporation, and where appropriate, its subsidiaries, unless expressly indicated or the content requires otherwise. ABOUT THIS PROSPECTUS You should rely only on information contained in this Prospectus. We have not, and the underwriter has not, authorized anyone to provide you with additional information or information different from that contained in this Prospectus. Neither the delivery of this Prospectus nor the sale of our securities means that the information contained in this Prospectus is correct after the date of this Prospectus. This Prospectus is not an offer to sell or the solicitation of an offer to buy our securities in any circumstances under which the offer or solicitation is unlawful or in any state or other jurisdiction where the offer is not permitted. For investors outside the United States: Neither we nor the underwriter have taken any action that would permit this offering or possession or distribution of this Prospectus in any jurisdiction where action for that purpose is required, other than in the United States. Persons outside the United States who come into possession of this Prospectus must inform themselves about, and observe any restrictions relating to, the offering of the securities covered hereby and the distribution of this Prospectus outside of the United States. The information in this Prospectus is accurate only as of the date on the front cover of this Prospectus. Our business, financial condition, results of operations and prospects may have changed since those dates. We are responsible for the information contained in this Prospectus and in any free-writing prospectus we prepare or authorize. We have not and the underwriters have not, authorized anyone to provide you with dif

Business

Business Overview We provide data security and privacy management solutions across the enterprise and in the cloud. Trusted by over 10,000 customers, we provide the visibility and control needed to protect data at scale, regardless of format, location, or consumer, and to facilitate compliance with fast-changing global data privacy requirements. Our customers include established leaders and up-and-coming businesses spanning the private and public/government sectors across diverse industries and fields, including financial services, healthcare, manufacturing, retail, technology, and telecommunications. We also provide threat detection, brand protection and email phishing, spam and virus solutions for some of the world's largest security providers, managed service providers, e-gaming/media and ecommerce vendors on an Original Equipment Manufacturer (OEM) basis. The mounting ransomware landscape as well as other threats to data have accelerated the rate at which businesses are adopting data security solutions and we believe that our portfolio of data security and privacy products provides an encompassing solution set such that we are well positioned to capitalize on that increased adoption rate and establish our products as new data privacy and security standards. Our offerings are anchored in reliable and comprehensive privacy management and equip organizations with a seamless approach to safeguard data, protect against attacks, and otherwise mitigate the most critical risks. Sector-specific US laws, state-level legislation, and outside-the-United States (OUS) regulations are confounding enterprises of all sizes for whom safeguarding and stewarding data is key, but for whom becoming specialists in privacy and security is not an element of their strategic roadmap. For many of these enterprises, we can bridge the gap between their need to protect data and their need to use their resources to grow their core business by offering turnkey solutions and related counse

View Full Filing

View this S-1/A filing on SEC EDGAR