Sacks Parente Golf Files S-1/A Amendment

TL;DR

Sacks Parente Golf filed an S-1/A, looks like they're prepping for an IPO or secondary offering.

AI Summary

Sacks Parente Golf, Inc. filed an amendment (S-1/A) on December 4, 2024, to its registration statement. The company, incorporated in Delaware, is seeking to register securities under the Securities Act of 1933. Its principal executive offices are located at 551 Calle San Pablo, Camarillo, California.

Why It Matters

This filing indicates Sacks Parente Golf is moving forward with its plans to offer securities to the public, which could impact its capital structure and future operations.

Risk Assessment

Risk Level: medium — As an S-1/A filing, it pertains to a company preparing to go public or conduct a significant securities offering, which inherently carries market and execution risks.

Key Numbers

• 333-283460 — SEC File Number (Identifies the specific registration statement with the SEC.)
• 0001934245 — Central Index Key (Unique identifier for the company in the SEC's EDGAR system.)

Key Players & Entities

• Sacks Parente Golf, Inc. (company) — Registrant
• December 4, 2024 (date) — Filing date
• 551 Calle San Pablo, Camarillo, California (location) — Principal executive offices
• Gregor Campbell (person) — Chief Executive Officer
• David L. Ficksman (person) — Legal Counsel
• TroyGould PC (company) — Legal Counsel

FAQ

Key Financial Figures

• $0.01 — ne share of our common stock, par value $0.01 per share (“common stock”),
• $100,000 — ding its legal fees, up to a maximum of $100,000. See “Underwriting” for a d
• $40.00 — hares of our common stock at a price of $40.00 per share. We received total proceeds,
• $11,029,000 — eceived total proceeds, net of fees, of $11,029,000. On October 8, 2024, we entered into
• $2 — mon stock at a public offering price of $2 per share. The offering closed on Octob
• $536,000 — us for the offering were approximately $536,000, after deducting underwriting discounts
• $4,625,000 — ber 30, 2024, we recorded a net loss of $4,625,000 and $3,408,000, respectively, and used
• $3,408,000 — e recorded a net loss of $4,625,000 and $3,408,000, respectively, and used cash in operati
• $5,047,000 — cash in operations for such periods of $5,047,000 and $3,431,000, respectively. These fac
• $3,431,000 — ions for such periods of $5,047,000 and $3,431,000, respectively. These factors raise subs
• $1,313,000 — 4, we had cash on hand in the amount of $1,313,000. Our continuation as a going concern is

Filing Documents

• forms-1a.htm (S-1/A) — 611KB
• ex1-1.htm (EX-1.1) — 345KB
• ex4-1.htm (EX-4.1) — 135KB
• ex4-2.htm (EX-4.2) — 183KB
• ex4-3.htm (EX-4.3) — 157KB
• ex23-1.htm (EX-23.1) — 4KB
• ex107.htm (EX-FILING FEES) — 28KB
• 0001493152-24-048711.txt ( ) — 1464KB

RISK FACTORS

RISK FACTORS 16 CAUTIONARY NOTE REGARDING FORWARD-LOOKING STATEMENTS 20

USE OF PROCEEDS

USE OF PROCEEDS 24 CAPITALIZATION 25

DILUTION

DILUTION 25 SELECTED HISTORICAL FINANCIAL DATA 27

DESCRIPTION OF SECURITIES

DESCRIPTION OF SECURITIES 28

UNDERWRITING

UNDERWRITING 34 LEGAL MATTERS 38 EXPERTS 38 INCORPORATION OF CERTAIN INFORMATION BY REFERENCE 38 WHERE YOU CAN FIND MORE INFORMATION 39 4 ABOUT THIS PROSPECTUS You should rely only on the information contained in or incorporated by reference into this prospectus and in any free writing prospectus. We have not and the underwriter has not authorized anyone to provide you with information different from that contained in this prospectus. We are offering to sell, and seeking offers to buy, our securities only in jurisdictions where offers and sales are permitted. The information in this prospectus is accurate only as of the date of this prospectus, and any information we have incorporated by reference is accurate only as of the date of the document incorporated by reference, regardless of the time of delivery of this prospectus or any sale of our securities. Neither we nor the underwriter have done anything that would permit this offering or possession or distribution of this prospectus in any jurisdiction where action for that purpose is required, other than in the United States. Persons outside the United States who come into possession of this prospectus must inform themselves about, and observe any restrictions relating to, the offering of our securities and the distribution of this prospectus outside of the United States. We own or have rights to trademarks or trade names that we use in connection with the operation of our business, including our corporate names, logos and website names. In addition, we own or have the rights to copyrights, trade secrets and other proprietary rights that protect the content of our products. This prospectus may also contain trademarks, service marks and trade names of other companies, which are the property of their respective owners. Our use or display of third parties’ trademarks, service marks, trade names or products in this prospectus is not intended to, and should not be read to, imply a relat

View Full Filing

View this S-1/A filing on SEC EDGAR