BestGofer Inc. Files Amendment to Registration Statement

TL;DR

<b>BestGofer Inc. has filed an amendment to its S-1 registration statement, indicating ongoing preparations for a securities offering.</b>

AI Summary

BestGofer Inc. (BGFR) filed a Amended IPO Registration (S-1/A) with the SEC on March 27, 2024. BestGofer Inc. filed an S-1/A amendment on March 27, 2024. The company is incorporated in Nevada and its fiscal year ends on November 30. Its principal place of business is located at 10 Nisan Beck St, Jerusalem, Israel. The filing is designated as a non-accelerated filer and a smaller reporting company. The registration statement is subject to delay until a further amendment is filed or the SEC declares it effective.

Why It Matters

For investors and stakeholders tracking BestGofer Inc., this filing contains several important signals. This amendment signifies that BestGofer Inc. is actively working towards becoming a publicly traded company, requiring further SEC review and approval. As a smaller reporting company and non-accelerated filer, BestGofer Inc. may have different disclosure requirements and timelines compared to larger, more established filers.

Risk Assessment

Risk Level: low — BestGofer Inc. shows low risk based on this filing. The filing is an S-1/A amendment, which is a routine step in the IPO process and does not contain significant new financial or operational information that would immediately alter risk assessment.

Analyst Insight

Monitor for subsequent amendments or the effectiveness declaration of the registration statement to track the company's progress towards an IPO.

Key Numbers

• 2024-03-27 — Filing Date (Amendment #2 Filing Date)
• 1130 — Fiscal Year End (Fiscal Year End)
• 7200 — SIC Code (Primary Standard Industrial Classification Code Number)
• 825296245 — IRS Number (I.R.S. Employer Identification Number)
• 972-03-9117987 — Business Phone (Business Phone)
• 333-276813 — SEC File Number (SEC FILE NUMBER)

Key Players & Entities

• BestGofer Inc. (company) — Registrant
• Nevada (jurisdiction) — State or other jurisdiction of incorporation or organization
• 10 Nisan Beck St, Jerusalem Israel (location) — Principal place of business
• Robert Burnett (person) — Agent for service of process
• Brajcich McPhee, PLLC (company) — Agent for service of process
• Securities Act of 1933 (regulation) — Registration Statement under the Securities Act of 1933
• Rule 415 (regulation) — Rule 415 under the Securities Act of 1933
• SEC (regulator) — Commission, acting pursuant to said Section 8(a)

FAQ

Risk Factors

• Effectiveness of Registration Statement [medium — regulatory]: The registration statement will not become effective until a further amendment is filed or the SEC declares it effective under Section 8(a) of the Securities Act of 1933.

Key Dates

• 2024-03-27: Filing of Amendment #2 to Registration Statement — Indicates ongoing progress in the IPO process.
• 2024-04-11: Date as of Change — Reflects a potential update or revision to the filing information.

Key Financial Figures

• $0.04 — rket. Selling Shareholders will sell at $0.04 per share. The price at which Selling S
• $5,000 — total offering registration costs to be $5,000. If we experience a shortage of funds p
• $43,792 — 022, the Company recognized net loss of $43,792 and $33,343 respectively all of which w
• $33,343 — pany recognized net loss of $43,792 and $33,343 respectively all of which were for prof
• $20,000 — parties. Further, we have budgeted only $20,000 toward operational expenses. Additional
• $13,000 — cation. We feel we require a minimum of $13,000 to provide sufficient capital to commen

Filing Documents

• bgof_s1a.htm (S-1/A) — 363KB
• bgofs1a_1.jpg (GRAPHIC) — 5KB
• filename4.htm (CORRESP) — 5KB
• 0001393905-24-000099.txt (&nbsp;) — 376KB

- INFORMATION REQUIRED IN PROSPECTUS

PART I - INFORMATION REQUIRED IN PROSPECTUS 1 SUMMARY OF PROSPECTUS 1 A Cautionary Note on Forward-Looking Statements 1 General Information about Our Company 1 The Offering 2

USE OF PROCEEDS

USE OF PROCEEDS 7 DETERMINATION OF OFFERING PRICE 7

DILUTION

DILUTION 8 PLAN OF DISTRIBUTION 8

DESCRIPTION OF SECURITIES TO BE REGISTERED

DESCRIPTION OF SECURITIES TO BE REGISTERED 8 INTERESTS OF NAMED EXPERTS AND COUNSEL 10 INFORMATION WITH RESPECT TO THE REGISTRANT 10 Description of Business 10 Description of Properties 12

Legal Proceedings

Legal Proceedings 12 Market Price and Dividends 12 Changes in and Disagreements with Accountants on Accounting and Financial Disclosure 14

Quantitative and Qualitative Disclosures About Material Risk

Quantitative and Qualitative Disclosures About Material Risk 14 Directors and Executive Officers 14

Executive Compensation

Executive Compensation 15

Security Ownership of Certain Beneficial Owners and Management

Security Ownership of Certain Beneficial Owners and Management 17 Transactions with Related Persons, Promoters and Certain Control Persons 17 MATERIAL CHANGES 18 INCORPORATION OF CERTAIN INFORMATION BY REFERENCE 18 DISCLOSURE OF COMMISSION POSITION ON IDEMNIFICATION FOR SECURITIES ACT LIABILITIES 19

Management's Discussion and Analysis of Financial Condition and Results of Operations

Management's Discussion and Analysis of Financial Condition and Results of Operations . 21 CHANGES IN INTERNAL CONTROL OVER FINANCIAL REPORTING 23

- INFORMATION NOT REQUIRED IN PROSPECTUS

PART II - INFORMATION NOT REQUIRED IN PROSPECTUS 24 OTHER EXPENSES OF ISSUANCE AND DISTRIBUTION 24 INDEMNIFICATION OF DIRECTORS AND OFFICERS 24 RECENT SALES OF UNREGISTERED SECURITIES 24 EXHIBITS AND FINANCIAL STATEMENT SCHEDULES 24 UNDERTAKINGS 25

SIGNATURES

SIGNATURES 27 Until January 25, 2024, all dealers that effect transactions in these securities, whether or not participating in this offering, may be required to deliver a prospectus. This is in addition to the dealers' obligation to deliver a prospectus when acting as underwriters and with respect to his unsold allotments or subscriptions. iv

- INFORMATION REQUIRED IN PROSPECTUS

PART I - INFORMATION REQUIRED IN PROSPECTUS SUMMARY OF PROSPECTUS You should read the following summary together with the more detailed business information, financial statements and related notes that appear elsewhere in this Prospectus. In this Prospectus, unless the context otherwise denotes, references to "we," "us," "our," "BestGofer" and "Company" are to BestGofer Inc. A Cautionary Note on Forward-Looking Statements This Prospectus contains forward-looking statements, which related to future events or our future financial performance. In some cases, you can identify forward-looking statements by terminology such as "may," "should," "expects," "plans," "anticipates," "believes," "estimates," "predicts," "potential" or "continue" or the negative of these terms or other comparable terminology. These statements are only predictions and involve known and unknown risks, uncertainties and other factors, including the risks in the section entitled "Risk Factors" that may cause our industry's actual results, levels of activity, performance, or achievements to be materially different from any future results, levels of activity, performance, or achievements expressed or implied by these forward-looking statements. While these forward-looking statements, and any assumptions upon which they are based, are made in good faith and reflect our current judgment regarding the direction of our business, actual results will almost always vary, sometimes materially, from any estimates, predictions, projections, assumptions or other future performance suggested herein. Except as required by applicable law, including the securities laws of the United States, we do not intend to update any of the following-looking statements to conform these statements to actual results. General Information about Our Company BestGofer, Inc. was incorporated in the State of Nevada in October 2017, with the purpose of developing a consumer delivery system. BestGofer's business and corporate

RISK FACTORS

RISK FACTORS An investment in the securities involves a high degree of risk and is speculative in nature. In addition to the other information regarding the Company contained in this Prospectus, you should consider many important factors in determining whether to purchase shares. Following are what we believe are material risks related to the Company and an investment in the Company. The list of Risk Factors below does not portend to be all-inclusive. There may be additional risks associated with our Company, our business, our industry, an investment in the Shares and/or other factors related to the Company and/or the Offering. Investors are urged to perform his own due diligence, with the help of his investment, accounting, legal and/or other professionals and to make an independent decision regarding an investment in the shares. Our independent auditors have issued an audit opinion for BestGofer which includes a statement describing our going concern status. Our financial status creates a doubt whether we will continue as a going concern. As described in Note B of our accompanying financial statements, our auditors have issued a going concern opinion regarding the Company. This means there is substantial doubt we can continue as an ongoing business for the next 2 twelve months. The financial statements do not include any adjustments that might result from the uncertainty regarding our ability to continue in business. As such, we may have to cease operations and investors could lose part or all of his investment in the Company. We lack an operating history and have losses which we expect to continue into the future. There is no assurance our future operations will result in profitable revenues. If we cannot generate sufficient revenues to operate profitably, we may suspend or cease operations. We were incorporated on October 11, 2017, and we have not started our proposed business operations or realized any revenues. We have no operating history upon which

View Full Filing

View this S-1/A filing on SEC EDGAR