Kisses From Italy Inc. Files Amendment #1 to Form S-1

TL;DR

<b>Kisses From Italy Inc. has filed an amendment to its S-1 registration statement.</b>

AI Summary

Kisses From Italy Inc. (KITL) filed a Amended IPO Registration (S-1/A) with the SEC on January 16, 2024. Amendment #1 to Form S-1 filed by Kisses From Italy Inc. Filing date: 2024-01-16. Previous company name: Kisses From Italy, Inc. (name changed 2014-05-14). Business and mailing address: 80 SW 8TH STREET, SUITE 2000, MIAMI, FL 33130. Business phone: (305) 423-7024.

Why It Matters

For investors and stakeholders tracking Kisses From Italy Inc., this filing contains several important signals. This filing indicates ongoing efforts by Kisses From Italy Inc. to comply with SEC regulations for public offerings or reporting. The amendment suggests potential changes or updates to the company's initial S-1 filing, which could impact investors' understanding of its financial status or business operations.

Risk Assessment

Risk Level: low — Kisses From Italy Inc. shows low risk based on this filing. The filing is an amendment to an S-1, which is a preliminary registration statement, and does not contain significant financial performance data or operational updates that would indicate high risk.

Analyst Insight

Monitor future filings for substantive updates regarding the company's business and financial performance.

Key Numbers

• 2024-01-16 — Filing Date (Amendment #1 to Form S-1)
• 2014-05-14 — Date of Name Change (Former company name Kisses From Italy, Inc.)
• 5810 — Standard Industrial Classification (RETAIL-EATING & DRINKING PLACES)

Key Players & Entities

• Kisses From Italy Inc. (company) — Filer
• Kisses From Italy, Inc. (company) — Former company name
• MIAMI (location) — Business Address City
• FL (location) — Business Address State
• 33130 (location) — Business Address ZIP
• 333-276197 (other) — SEC File Number
• 24533701 (other) — Film Number

Forward-Looking Statements

• Kisses From Italy Inc. will proceed with its capital-raising efforts or IPO, leveraging the updated financial information. (Kisses From Italy Inc.) — medium confidence, target: 2024-12-31

FAQ

Industry Context

Kisses From Italy Inc. operates within the retail eating and drinking places industry.

Regulatory Implications

The filing is an S-1/A, indicating compliance with the Securities Act of 1933 for registration of securities.

What Investors Should Do

1. Review the full S-1/A filing for specific details of the amendment.
2. Track future SEC filings from Kisses From Italy Inc. for further developments.
3. Research the company's business model and market position within the restaurant industry.

Key Dates

• 2024-01-16: Filing of Amendment #1 to Form S-1 — Indicates updates or changes to the company's registration statement.

Year-Over-Year Comparison

This is an amendment to a previous filing, suggesting updates rather than a completely new submission.

Key Financial Figures

• $0.0103 — ted sale price for our common stock was $0.0103 per share. Each Selling Stockholder is
• $7,500,000 — the right to sell to the Investor up to $7,500,000 in shares of the Company's Common Stock
• $0.10 — chase Agreement) must not be lower than $0.10 per share; The price per share of Com
• $10,000 — The minimum amount of each put shall be $10,000 and the maximum shall be the lower of 2
• $250,000 — of the average daily trading volume and $250,000; The Company's sales of shares of Com
• $0 — chase Agreement from $0.10 per share to $0.001, so that the closing price of the C
• $0.001 — ctive "put date" must not be lower than $0.001 per share. On April 26, 2023, the Comp
• $0.02223 — s Common Stock at the purchase price of $0.02223 per share. On December 5, 2023, the Co
• $150,000.00 — missory note in the principal amount of $150,000.00 (the "Fourth Man Note"). The Company re
• $135,000 — Fourth Man Note"). The Company received $135,000 gross proceeds from Fourth Man due to t
• $850,000 — enders in the principal amount of up to $850,000 in the aggregate by the Company. The Co
• $110,000.00 — missory note in the principal amount of $110,000.00 (the "JSC Note"). The Company received
• $100,000.00 — (the "JSC Note"). The Company received $100,000.00 gross proceeds from JSC due to the orig
• $0.01 — vertible at a fixed conversion price of $0.01 (the "JSC Conversion Price"), subject t

Filing Documents

• kisses_s1a1.htm (S-1/A) — 1689KB
• kisses_ex0501.htm (EX-5.1) — 21KB
• kisses_ex2302.htm (EX-23.2) — 2KB
• image_001.jpg (GRAPHIC) — 4KB
• image_002.jpg (GRAPHIC) — 4KB
• image_003.jpg (GRAPHIC) — 3KB
• 0001683168-24-000283.txt (&nbsp;) — 4958KB
• kitl-20230930.xsd (EX-101.SCH) — 33KB
• kitl-20230930_cal.xml (EX-101.CAL) — 43KB
• kitl-20230930_def.xml (EX-101.DEF) — 145KB
• kitl-20230930_lab.xml (EX-101.LAB) — 248KB
• kitl-20230930_pre.xml (EX-101.PRE) — 203KB
• kisses_s1a1_htm.xml (XML) — 478KB

Risk Factors

Risk Factors 10 Selling Stockholders 29

Use of Proceeds

Use of Proceeds 32 Determination of the Offering Price 32 Plan of Distribution 32 Market Price of and Dividends on the Company's Common Equity 34

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

Management's Discussion and Analysis of Financial Condition and Results of Operations 34 Description of Business 39 Management 49

Executive Compensation

Executive Compensation 51

Security Ownership of Certain Beneficial Owners & Management

Security Ownership of Certain Beneficial Owners & Management 52 Certain Relationships and Related Transactions 53

Description of Securities

Description of Securities 54 Shares Eligible for Future Sale 56 Legal Matters 56 Experts 57 Disclosure of Commission Position on Indemnification for Securities Act Liabilities 57 Additional Information 57

Financial Statements

Financial Statements F-1 i SPECIAL NOTE ABOUT FORWARD-LOOKING STATEMENTS This Prospectus contains certain statements, including statements under " Risk Factors ," " Management's Discussion and Analysis of Financial Condition and Results of Operations " and " Description of Business " sections and elsewhere, which constitute forward-looking of 1934, as amended (the "Exchange Act"). These statements relate to future events including, without limitation, or our future financial performance. We have attempted to identify forward-looking statements by using terminology such as "anticipates," "believes," "expects," "can," "continue," "could," "estimates," "expects," "intends," "may," "plans," "potential," "predicts," "should," "will," or the negative of these terms or other comparable terminology. These statements are only predictions; uncertainties and other factors may cause our actual results, levels of activity, performance, or achievements to be materially different from any future results, levels or activity, performance, or achievements expressed or implied by these forward-looking statements. Although we believe that the expectations reflected in the forward-looking statements are reasonable, we cannot guarantee future results, levels of activity, performance, or achievements. Our expectations are as of the date this Prospectus is filed, and we do not intend to update any of the forward-looking statements after the date this Prospectus is filed to confirm these statements to actual results, unless required by law. You should not place undue reliance on forward looking statements. The cautionary statements set forth in this Prospectus identify important factors which you should consider in evaluating our forward-looking statements. These risks and uncertainties may include, without limitation, risks related to general economi

View Full Filing

View this S-1/A filing on SEC EDGAR