E-Smart Corp. Files Amendment 4 to S-1 Registration Statement

TL;DR

<b>E-Smart Corp. has filed an S-1/A amendment, registering 4.5 million shares with an estimated offering price of $0.0225 per share.</b>

AI Summary

E-Smart Corp. (ESMR) filed a Amended IPO Registration (S-1/A) with the SEC on March 26, 2024. E-Smart Corp. filed an S-1/A (Amendment 4) on March 26, 2024. The company is registering 4,500,000 shares of Common Stock. The estimated offering price per share is $0.0225. The aggregate estimated offering price is $101,250. E-Smart Corp. is incorporated in Nevada and has a fiscal year end of August 31.

Why It Matters

For investors and stakeholders tracking E-Smart Corp., this filing contains several important signals. This filing indicates E-Smart Corp. is actively pursuing a public offering of its common stock. The amendment suggests updates or revisions to the initial registration statement, potentially related to business operations, financials, or offering terms.

Risk Assessment

Risk Level: low — E-Smart Corp. shows low risk based on this filing. The filing is an S-1/A, which is a preliminary registration statement for an IPO, indicating the company is in the early stages of going public and has not yet demonstrated significant financial performance or market traction.

Analyst Insight

Monitor for further amendments to the S-1/A filing, which may provide more detailed financial information and business strategy updates.

Key Numbers

• 4,500,000 — Shares of Common Stock to be Registered (E-Smart Corp. S-1/A filing)
• 0.0225 — Estimated Offering Price Per Share (E-Smart Corp. S-1/A filing)
• 101,250 — Aggregate Offering Price (E-Smart Corp. S-1/A filing)
• 2024-03-26 — Filing Date (E-Smart Corp. S-1/A filing)
• 0831 — Fiscal Year End (E-Smart Corp.)

Key Players & Entities

• E-Smart Corp. (company) — Registrant
• Diana Vasylenko (person) — Contact Person
• BizFilings (company) — Agent for Service
• Nevada (jurisdiction) — State of Incorporation
• 7371 (industry_code) — Primary Standard Industrial Classification Code
• 0001995920-24-000006 (filing_id) — Accession Number
• $0.0225 (dollar_amount) — Estimated offering price per share
• $101,250 (dollar_amount) — Aggregate estimated offering price

FAQ

Risk Factors

• Registration Statement Effectiveness [medium — regulatory]: The effectiveness of this registration statement is subject to SEC review and approval, which may involve delays or require further amendments.
• Low Offering Price [high — financial]: The low estimated offering price of $0.0225 per share suggests potential financial challenges or a very early-stage company.
• Emerging Growth Company Status [medium — operational]: As an emerging growth company, E-Smart Corp. may not be required to comply with certain new or revised accounting standards, potentially impacting financial reporting transparency.

Key Dates

• 2024-03-26: Filing of Amendment 4 to Form S-1 — Indicates progress in the IPO registration process.

Key Financial Figures

• $14,95 — n Stock 4,500,000 0.0225 101,250 $14,95* (1) Estimated solely for the purpose
• $0.0225 — CORP. 4,500,000 SHARES OF COMMON STOCK $0.0225 PER SHARE E-Smart Corp. is launching
• $5.00 — ty that has a market price of less than $5.00 per share, subject to certain exception
• $700 million — eld by non-affiliates equals or exceeds $700 million as of the 9 end of that year&rsquo;s
• $1.235 billion — h we have total annual gross revenue of $1.235 billion or more during such fiscal year (as ind
• $1.00 billion — date on which we have issued more than $1.00 billion in non-convertible debt in the prior th
• $25,313 — business plan, we require a minimum of $25,313 over the next twelve months as detailed
• $101,250 — ospectus is part. 10 Gross Proceeds $101,250 Securities Issued and Outstanding: T
• $9,000 — registration costs to be approximately $9,000 . Risk Factors See &ldquo;Risk Facto

Filing Documents

• esmart_s1a4.htm (S-1/A) — 467KB
• consent.htm (EX-23.1) — 3KB
• image_001.jpg (GRAPHIC) — 19KB
• 0001995920-24-000006.txt (&nbsp;) — 496KB

USE OF PROCEEDS

USE OF PROCEEDS 21 DETERMINATION OF OFFERING PRICE 22

DILUTION

DILUTION 23 MANAGEMENT&rsquo;S DISCUSSION AND ANALYSIS OR PLAN OF OPERATIONS 24 DESCRIPTION OF BUSINESS 28

LEGAL PROCEEDINGS

LEGAL PROCEEDINGS 35 DIRECTOR, EXECUTIVE OFFICER, PROMOTER AND CONTROL PERSON 35

EXECUTIVE COMPENSATION

EXECUTIVE COMPENSATION 37 CERTAIN RELATIONSHIPS AND RELATED TRANSACTIONS 37

SECURITY OWNERSHIP OF CERTAIN BENEFICIAL OWNERS AND MANAGEMENT

SECURITY OWNERSHIP OF CERTAIN BENEFICIAL OWNERS AND MANAGEMENT 38 PLAN OF DISTRIBUTION 38

DESCRIPTION OF SECURITIES

DESCRIPTION OF SECURITIES 41 INDEMNIFICATION 42 INTERESTS OF NAMED EXPERTS AND COUNSEL 42 EXPERTS 42 AVAILABLE INFORMATION 42 CHANGES IN AND DISAGREEMENTS WITH ACCOUNTANTS ON ACCOUNTING AND FINANCIAL DISCLOSURE 43 INDEX TO THE FINANCIAL STATEMENTS 44 WE HAVE NOT AUTHORIZED ANY DEALER, SALESPERSON OR OTHER PERSON TO GIVE ANY INFORMATION OR REPRESENT ANYTHING NOT CONTAINED IN THIS PROSPECTUS. YOU SHOULD NOT RELY ON ANY UNAUTHORIZED INFORMATION. THIS PROSPECTUS IS NOT AN OFFER TO SELL OR BUY ANY SHARES IN ANY STATE OR OTHER JURISDICTION IN WHICH IT IS UNLAWFUL. THE INFORMATION IN THIS PROSPECTUS IS CURRENT AS OF THE DATE ON THE COVER. YOU SHOULD RELY ONLY ON THE INFORMATION CONTAINED IN THIS PROSPECTUS. 5 A CAUTIONARY NOTE REGARDING FORWARD-LOOKING This prospectus contains forward-looking statements which relate to future events or our future financial performance. In some cases, you can identify forward-looking statements by terminology such as &quot;should,&quot; &quot;anticipates,&quot; &quot;believes,&quot; &quot;continues,&quot; &quot;estimates,&quot; &quot;expects,&quot; &quot;may,&quot; &quot;plans,&quot; &quot;predicts,&quot; &quot;potential&quot; 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 &ldquo;Risk Factors,&rdquo; that may cause our or our industry&rsquo;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 of our business, actual results will almost always vary, sometimes materially, from any estimates, predictions, proj

Risk Factors

Risk Factors See &ldquo;Risk Factors&rdquo; and the other information in this prospectus for a discussion of the factors you should consider before deciding to invest in shares of our common stock. SUMMARY FINANCIAL INFORMATION The tables and information below are derived from our audited financial statements. Financial Summary August 31, 2023 ($) November 30, 2023 ($) Cash and Deposits 225 272 Total Assets 16,725 80,584 Total Liabilities 13,204 83,023 Total Stockholder&rsquo;s Deficit 3,521 (2,439) Year ended August 31, 2023 ($) For the three months November 30, 2023 ($) Total Income - - COGS - - Total Expenses 990 5,985 Net Loss for the Period 979 5,960 Net Loss per Share 0.00 0.00 11

RISK FACTORS

RISK FACTORS An investment in our common stock involves a high degree of risk. This section includes all of the known material risks in the offering. You should carefully consider the risks described below and the other information in this prospectus before investing in our common stock. If any of the following risks occur, our business, operating results and financial condition could be seriously harmed. The trading price of our common stock, when and if we trade at a later date, could decline due to any of these risks, and you may lose all or part of your investment. Risks relating to our business We are a development stage Company and have commenced limited operations in our business. We anticipate incurring substantial operating losses for the foreseeable future. We were incorporated on June 6, 2023 and have initiated limited business operations. Accordingly, we have no way to assess the probability of our business attaining success. Potential investors should be aware of the typical challenges encountered by new companies and the high failure rate of such enterprises. The likelihood of success must be considered in light of the problems, expenses, difficulties, complications and delays encountered in connection with the operations that we plan to undertake. These potential problems include, but are not limited to, unforeseen problems relating to the ability to generate sufficient cash flow to operate our business, and additional costs and expenses that may exceed current estimates. We anticipate a rise in operating expenses without substantial revenue generation. We expect to incur significant losses in the near future. We recognize that if the effectiveness of our business plan is not forthcoming, we may be unable to continue business operations. There is no history upon which to base any assumption as to the likelihood th

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