BestGofer Inc. Files S-1 Registration Statement

TL;DR

<b>BestGofer Inc. has submitted an S-1 registration statement, signaling its intent to offer securities to the public.</b>

AI Summary

BestGofer Inc. (BGFR) filed a IPO Registration (S-1) with the SEC on February 1, 2024. BestGofer Inc. has filed an S-1 registration statement with the SEC. The company is incorporated in Nevada and its principal place of business is in Jerusalem, Israel. The filing is for a registration statement under the Securities Act of 1933. BestGofer Inc. is classified as a smaller reporting company and a non-accelerated filer. The filing indicates an intention to offer securities on a delayed or continuous basis.

Why It Matters

For investors and stakeholders tracking BestGofer Inc., this filing contains several important signals. This S-1 filing is a prerequisite for any public offering, indicating BestGofer Inc.'s potential move towards becoming a publicly traded company. As a smaller reporting company and non-accelerated filer, BestGofer Inc. may have less stringent disclosure requirements compared to larger filers, but this also suggests a smaller scale of operations or market capitalization.

Risk Assessment

Risk Level: low — BestGofer Inc. shows low risk based on this filing. The filing is an S-1 registration statement, which is a preliminary step for a public offering and does not contain detailed financial performance or operational data that would indicate immediate risk.

Analyst Insight

Monitor future filings for the prospectus details, including the number of shares, pricing, and use of proceeds, to assess the investment opportunity.

Key Numbers

• S-1 — Form Type (Registration Statement filed by BestGofer Inc.)
• 20240201 — Filing Date (Date the S-1 registration statement was filed.)
• 7200 — SIC Code (Standard Industrial Classification code for BestGofer Inc.)
• 825296245 — IRS Number (Employer Identification Number for BestGofer Inc.)

Key Players & Entities

• BestGofer Inc. (company) — Filer of the S-1 registration statement.
• Securities Act of 1933 (regulator) — Governs the registration of securities.
• Nevada (company) — State of incorporation for BestGofer Inc.
• Jerusalem, Israel (company) — Principal place of business for BestGofer Inc.
• Robert Burnett Witherspoon Brajcich McPhee, PLLC (company) — Agent for service of process.

Forward-Looking Statements

• BestGofer Inc. will proceed with a public offering or secondary sale of securities within the next 12 months. (BestGofer Inc.) — medium confidence, target: 2025-02-01

FAQ

Risk Factors

• Registration Statement Requirements [medium — regulatory]: The S-1 filing is a preliminary step and requires comprehensive disclosure of business, financial, and risk information before securities can be offered to the public.

Industry Context

The filing is a standard S-1 registration statement, a common document for companies preparing to go public or offer additional securities.

Regulatory Implications

The S-1 form is filed under the Securities Act of 1933, which governs the registration of securities offerings in the United States.

What Investors Should Do

1. Review the full S-1 filing for detailed business descriptions, risk factors, and financial statements.
2. Track subsequent SEC filings (e.g., amendments to the S-1, prospectuses) for updates on the offering details.
3. Research BestGofer Inc.'s industry and competitive landscape to understand its market position.

Key Dates

• 2024-02-01: S-1 Filing — Indicates BestGofer Inc.'s intent to pursue a public offering of securities.

Year-Over-Year Comparison

This is the initial S-1 filing, so there is no prior filing of this type to compare against for BestGofer Inc.

Key Financial Figures

• $5,000 — total offering registration costs to be $5,000. If we experience a shortage of funds p
• $70,250 — nce inception to November 30, 2023, was $70,250, all of which were for professional, ge
• $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_s1.htm (S-1) — 358KB
• bgof_ex231.htm (EX-23.1) — 4KB
• bgof_ex107.htm (EX-FILING FEES) — 8KB
• bgofs1_1.jpg (GRAPHIC) — 5KB
• bgofex231_1.jpg (GRAPHIC) — 5KB
• 0001393905-24-000035.txt (&nbsp;) — 384KB

- 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 18

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

Management's Discussion and Analysis of Financial Condition and Results of Operations . 20 CHANGES IN INTERNAL CONTROL OVER FINANCIAL REPORTING 22

- INFORMATION NOT REQUIRED IN PROSPECTUS

PART II - INFORMATION NOT REQUIRED IN PROSPECTUS 23 OTHER EXPENSES OF ISSUANCE AND DISTRIBUTION 23 INDEMNIFICATION OF DIRECTORS AND OFFICERS 23 RECENT SALES OF UNREGISTERED SECURITIES 23 EXHIBITS AND FINANCIAL STATEMENT SCHEDULES 23 UNDERTAKINGS 24

SIGNATURES

SIGNATURES 26 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 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. 2 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 a

View Full Filing

View this S-1 filing on SEC EDGAR