Massimo Group Files Amendment No. 3 to Form S-1 Registration Statement

TL;DR

<b>Massimo Group has filed an amendment to its S-1 registration statement, indicating progress towards a public offering.</b>

AI Summary

Massimo Group (MAMO) filed a Amended IPO Registration (S-1/A) with the SEC on March 1, 2024. Massimo Group filed Amendment No. 3 to its Form S-1 Registration Statement on March 1, 2024. The filing is for registration under the Securities Act of 1933. The company is incorporated in Nevada and has its principal executive offices in Garland, Texas. Massimo Group is classified as a smaller reporting company and an emerging growth company. The filing indicates that the proposed sale to the public will commence as soon as practicable after the effective date.

Why It Matters

For investors and stakeholders tracking Massimo Group, this filing contains several important signals. This amendment signifies that Massimo Group is moving forward with its plans to become a publicly traded company, which could provide access to capital for growth and expansion. As a smaller reporting and emerging growth company, Massimo Group may benefit from certain regulatory accommodations, potentially impacting its compliance and reporting obligations.

Risk Assessment

Risk Level: low — Massimo Group shows low risk based on this filing. The filing is an amendment to a registration statement, indicating procedural steps rather than significant new financial or operational information, thus posing a low immediate risk.

Analyst Insight

Monitor future filings for updates on the registration statement's effectiveness and details of the proposed public offering.

Key Numbers

• 333-276095 — SEC File Number (Registration Number)
• 2024-03-01 — Filing Date (Date of filing Amendment No. 3)
• 0001952853 — Central Index Key (Filer's identifier)
• NV — State of Incorporation (Jurisdiction of incorporation)

Key Players & Entities

• Massimo Group (company) — Registrant
• 333-276095 (other) — SEC File Number
• 2024-03-01 (date) — Filing Date
• Nevada (other) — State of Incorporation
• Garland, TX (location) — Principal Executive Offices
• Corporation Service Company (company) — Agent for Service
• Ellenoff Grossman & Schole LLP (company) — Legal Counsel
• Pryor Cashman LLP (company) — Legal Counsel

FAQ

Industry Context

Massimo Group operates in the miscellaneous transportation equipment sector. This filing is a step towards a potential initial public offering (IPO).

Regulatory Implications

The filing is made under the Securities Act of 1933, which governs the registration of securities offered to the public in the United States.

What Investors Should Do

1. Review the full S-1/A filing for details on the proposed securities offering.
2. Track subsequent SEC filings for updates on the registration statement's effectiveness.
3. Analyze the company's business model and financial projections once more detailed information is available.

Key Dates

• 2024-03-01: Filing of Amendment No. 3 to Form S-1 — Indicates progress in the registration process for a public offering.

Year-Over-Year Comparison

This is an amendment to a previous filing, indicating ongoing procedural steps in the registration process.

Key Financial Figures

• $0.001 — 0 shares of our common stock, par value $0.001 (&ldquo;common stock&rdquo;), in this o
• $4.00 — offering price per share to be between $4.00 and $5.00. We have applied to have ou
• $5.00 — price per share to be between $4.00 and $5.00. We have applied to have our common s
• $1,000,000 — espectively, whereby ATIFUS contributed $1,000,000 to Massimo Marine and $1,000,000 to Mas
• $ — &rdquo; The United States. &ldquo;US$,&rdquo; &ldquo;U.S. dollars,&rdquo; &ld
• $0.01 — 00 shares of preferred stock, par value $0.01 per share. We currently have 40,000,000
• $86 million — revenues and net income to in excess of $86 million and $4 million, respectively, in the tw
• $4 m — income to in excess of $86 million and $4 million, respectively, in the twelve mont
• $75 million — o;Fiscal 2022&rdquo;), and in excess of $75 million and $6 million, respectively, in the ni
• $6 m — quo;), and in excess of $75 million and $6 million, respectively, in the nine months
• $2.2 billion — of revenue grew at a CAGR of 5.0% from $2.2 billion in 2017 to $2.6 billion in 2021 and is
• $2.6 billion — GR of 5.0% from $2.2 billion in 2017 to $2.6 billion in 2021 and is expected to grow further
• $3.9 billion — 2021 and is expected to grow further to $3.9 billion in 2026 at a CAGR of 8.0%. Regarding
• $3.3 billion — of revenue grew at a CAGR of 8.6% from $3.3 billion in 2017 to $4.6 billion in 2021 and is
• $4.6 billion — GR of 8.6% from $3.3 billion in 2017 to $4.6 billion in 2021 and is expected to grow further

Filing Documents

• forms-1a.htm (S-1/A) — 3043KB
• ex1-1.htm (EX-1.1) — 247KB
• ex4-1.htm (EX-4.1) — 91KB
• ex23-3.htm (EX-23.3) — 6KB
• ex23-3_001.jpg (GRAPHIC) — 11KB
• formdrsa_001.jpg (GRAPHIC) — 4KB
• formdrsa_002.jpg (GRAPHIC) — 11KB
• formdrsa_003.jpg (GRAPHIC) — 11KB
• formdrsa_004.jpg (GRAPHIC) — 19KB
• formdrsa_005.jpg (GRAPHIC) — 39KB
• formdrsa_006.jpg (GRAPHIC) — 44KB
• formdrsa_007.jpg (GRAPHIC) — 23KB
• formdrsa_008.jpg (GRAPHIC) — 15KB
• formdrsa_009.jpg (GRAPHIC) — 40KB
• formdrsa_010.jpg (GRAPHIC) — 7KB
• formdrsa_011.jpg (GRAPHIC) — 6KB
• formdrsa_012.jpg (GRAPHIC) — 10KB
• formdrsa_013.jpg (GRAPHIC) — 9KB
• 0001493152-24-008544.txt (&nbsp;) — 3733KB

Risk Factors

Risk Factors 14 Cautionary Note Regarding Forward-Looking Statements 37

Use of Proceeds

Use of Proceeds 38 Dividend Policy 3 9 Capitalization 40

Dilution

Dilution 41 Management&rsquo;s Discussion and Analysis of Financial Condition and Results of Operations 42

Business

Business 62 Management 79

Executive Compensation

Executive Compensation 85 Principal Stockholders 89 Certain Relationships and Related Party Transactions 90

Description of Capital Stock

Description of Capital Stock 92 Shares Eligible For Future Sale 94 Material U.S. Federal Tax Considerations 96

Underwriting

Underwriting 99 Experts 110 Legal Matters 110 Where You Can Find More Information 110 Index to Financial Statements F-1 You should rely only on the information contained in this prospectus. We have not authorized any other person to provide you with information different from or in addition to that contained in this prospectus. If anyone provides you with different or inconsistent information, you should not rely on it. We are not making an offer to sell these securities in any jurisdiction where an offer or sale is not permitted. You should assume that the information appearing in this prospectus is accurate only as of the date on the front cover of this prospectus. Our business, financial condition, results of operations and prospects may have changed since that date. i ABOUT THIS PROSPECTUS Unless otherwise indicated, in this prospectus, the following terms shall have the meaning set out below: &ldquo;ASC&rdquo; Accounting Standards Codification. &ldquo;ASC 260&rdquo; ASC titled &ldquo;Earnings per Share.&rdquo; &ldquo;ASC 606&rdquo; Refers to an accounting standard which directs entities to recognize revenue when the promised goods or services are transferred to the customer. &ldquo;ASUs&rdquo; Accounting Standards Updates. &ldquo;ASU 2016-13&rdquo; ASU titled &ldquo;Financial Instruments &mdash; Credit Losses (Topic 326): Measurement of Credit Losses on Financial Instruments.&rdquo; &ldquo;ASU 2019-12&rdquo; ASU titled &ldquo;Income Taxes&rdquo; (Topic 740): Simplifying the Accounting for Income Taxes.&rdquo; &ldquo;ASU 2021-08&rdquo; ASU titled &ldquo;Business Combinations (Topic 805): Accounting for Contract Assets and Contract Liabilities from Contracts with Customers.&rdquo; &ldquo;ATIFUS&rdquo; Asian International Securities Exchange Co., Ltd. &ldquo;ATVs&rdquo; All-Terrain Vehicles. &ldquo;BRP&rdquo; Bombardier Recreational Products. &ldquo;China&rdquo; or the &ldquo;PRC&rdquo; The People&rs

View Full Filing

View this S-1/A filing on SEC EDGAR