Bitech Technologies Corp. Files S-1 for Public Offering

TL;DR

Bitech Tech (BTTC) filing S-1, looks like they're going public soon.

AI Summary

Bitech Technologies Corp. filed an S-1 form on July 3, 2024, indicating a potential public offering. The company, previously known as Spine Injury Solutions, Inc., is incorporated in Delaware and operates in the electric services sector. Its business address is in Newport Beach, California.

Why It Matters

This S-1 filing signals Bitech Technologies Corp.'s intention to raise capital through a public offering, which could significantly impact its growth and market position.

Risk Assessment

Risk Level: medium — As an S-1 filing, it indicates a company preparing for an IPO, which inherently carries risks associated with market reception and execution.

Key Numbers

• 333-280668 — SEC File Number (Identifies the specific SEC registration file for this offering.)
• 241098128 — Film Number (Internal SEC processing number for the filing.)

Key Players & Entities

• Bitech Technologies Corp (company) — Filer of the S-1 document
• 0001493152-24-026121 (filing_id) — Accession number for the filing
• 20240703 (date) — Filing date
• Spine Injury Solutions, Inc. (company) — Former company name
• Newport Beach, CA (location) — Company business address
• 4911 (sic_code) — Standard Industrial Classification for Electric Services

FAQ

Key Financial Figures

• $0.001 — ering shares of common stock, par value $0.001 per share, at an assumed offering price
• $0.075 — our common stock on the OTC Markets was $0.075 per share. We do not intend to apply to

Filing Documents

• forms-1.htm (S-1) — 1508KB
• ex23-1.htm (EX-23.1) — 4KB
• ex107.htm (EX-FILING FEES) — 49KB
• ex23-1_001.jpg (GRAPHIC) — 3KB
• chart_001.jpg (GRAPHIC) — 228KB
• chart_002.jpg (GRAPHIC) — 58KB
• chart_005.jpg (GRAPHIC) — 153KB
• logo_002.jpg (GRAPHIC) — 27KB
• 0001493152-24-026121.txt ( ) — 5355KB
• bttc-20231231.xsd (EX-101.SCH) — 20KB
• bttc-20231231_cal.xml (EX-101.CAL) — 27KB
• bttc-20231231_def.xml (EX-101.DEF) — 133KB
• bttc-20231231_lab.xml (EX-101.LAB) — 199KB
• bttc-20231231_pre.xml (EX-101.PRE) — 177KB
• forms-1_htm.xml (XML) — 346KB

Underwriting

Underwriting discounts and commissions do not include a non-accountable expense allowance equal to 1.0% of the initial public offering price payable to the underwriters. We refer you to "Underwriting" beginning on page 57 for additional information regarding underwriters' compensation. The offering is being underwritten on a firm commitment basis. We have granted a 45-day option to the representative of the underwriters to purchase up to additional shares of common stock and/or Pre-Funded Warrants solely to cover over-allotments, if any. The underwriters expect to deliver the securities to purchasers on or about , 2024. ThinkEquity The date of this prospectus is , 2024 TABLE OF CONTENTS Page SPECIAL NOTE REGARDING FORWARD-LOOKING STATEMENTS 1 PROSPECTUS SUMMARY 2 THE OFFERING 6

SELECTED FINANCIAL DATA

SELECTED FINANCIAL DATA 8

USE OF PROCEEDS

USE OF PROCEEDS 25 DIVIDEND POLICY 26 CAPITALIZATION 27

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

MANAGEMENT'S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS OF OPERATIONS 29

BUSINESS

BUSINESS 34 MANAGEMENT 41 EXECUTIVE AND DIRECTOR COMPENSATION 44 PRINCIPAL STOCKHOLDERS 48 CERTAIN RELATIONSHIPS AND RELATED PARTY 49

DESCRIPTION OF SECURITIES WE ARE OFFERING

DESCRIPTION OF SECURITIES WE ARE OFFERING 49 SHARES ELIGIBLE FOR FUTURE SALE 52 MATERIAL U.S. FEDERAL INCOME TAX CONSEQUENCES TO NON-U.S. HOLDERS 53

UNDERWRITING

UNDERWRITING 57 LEGAL MATTERS 61 EXPERTS 61 WHERE YOU CAN FIND ADDITIONAL INFORMATION 62 INDEX TO CONSOLIDATED FINANCIAL STATEMENTS F-1 OTHER EXPENSES OF ISSUANCE AND DISTRIBUTION II-1 You should rely only on the information contained in this prospectus. We and the underwriter(s) have not authorized anyone to provide you with any information other than that contained in this prospectus, and neither we, nor the underwriter(s) take responsibility for any other information others may give you. We are offering to sell, and seeking offers to buy, common stock and Pre-Funded warrants only in jurisdictions where such offers and sales are permitted. The information in this prospectus is accurate only as of its date, regardless of its time of delivery or the time of any sale of common stock and Pre-Funded warrants. Our business, financial condition, results of operations and prospects may have changed since that date. i About this Prospectus Neither nor the Underwriter have not authorized anyone to provide any information or to make any representations other than those contained in this prospectus or in any free writing prospectuses prepared by us or on our behalf or to which we have referred you and which we have filed with the U.S. Securities and Exchange Commission (the "SEC"). We take no responsibility for, and can provide no assurance as to the reliability of, any other information that others may give you. This prospectus is an offer to sell only the common stock and Pre-Funded warrants shares offered hereby, but only under circumstances and in jurisdictions where it is lawful to do so. We are not making an offer to sell these securities in any jurisdiction where the offer or sale is not permitted or where the person making the offer or sale is not qualified to do so or to any person to whom it is not permitted to make such offer or sale. The information contained in this prospectus is current only as of the date on the front cover of the prospe

View Full Filing

View this S-1 filing on SEC EDGAR