James Maritime Holdings Inc. Files S-1

TL;DR

James Maritime Holdings (fka Out-Takes Inc.) just filed an S-1. Looks like they're going public.

AI Summary

James Maritime Holdings Inc. filed an S-1 registration statement with the SEC on September 30, 2024. The company, formerly known as Out-Takes, Inc., is incorporated in Nevada and headquartered in Sandy, UT. This filing indicates the company is preparing to offer securities to the public, though specific details on the offering size or terms are not yet disclosed in this document.

Why It Matters

This S-1 filing signals James Maritime Holdings Inc.'s intention to go public or raise capital through a securities offering, which could significantly impact its future operations and investor base.

Risk Assessment

Risk Level: medium — As an S-1 filing, it represents an early stage of a public offering, and the company's financial health and business prospects are still subject to significant uncertainty.

Key Numbers

• 20240930 — Filing Date (Indicates the date the S-1 was submitted to the SEC.)
• 1231 — Fiscal Year End (Specifies the end of the company's fiscal year.)

Key Players & Entities

• James Maritime Holdings Inc. (company) — Registrant
• Out-Takes, Inc. (company) — Former company name
• 9160 South 300 West, Suite 101 Sandy, UT 84070 (location) — Principal executive offices address
• Kip Eardley (person) — President
• 333-282424 (other) — SEC File Number
• 0000889353 (other) — Central Index Key

FAQ

Key Financial Figures

• $0.001 — to 3,185,000shares of our common stock, $0.001 par value per share, or common stock, w
• $2,887,000 — rants for an aggregate of approximately $2,887,000. The selling security holders will bear
• $6.00 — common stock on September 24, 2024, was $6.00 per share. Investing in our shares of
• $782,000,000,000 — its National Security Budget by 5.6% to $782,000,000,000 for Fiscal Year 2022 and approved $813,
• $813,300,000,000 — 0,000 for Fiscal Year 2022 and approved $813,300,000,000 for Fiscal Year 2023 representing an ad
• $40,000,000,000 — 2, was approved providing an additional $40,000,000,000 to help support the 6 Ukraine. Mean
• $188,990,000,000 — xpected to grow in size from a value of $188,990,000,000 in 2022 to $275,500,000,000 by 2028 rep
• $275,500,000,000 b — a value of $188,990,000,000 in 2022 to $275,500,000,000 by 2028 representing a compound annual gr

Filing Documents

• jmtm_s1.htm (S-1) — 1889KB
• jmtm_ex107.htm (EX-FILING FEES) — 18KB
• jmtm_ex10z4.htm (EX-10.4) — 102KB
• jmtm_ex10z6.htm (EX-10.6) — 158KB
• jmtm_ex10z7.htm (EX-10.7) — 1036KB
• jmtm_ex23z1.htm (EX-23.1) — 1KB
• jmtmex10z7_1.jpg (GRAPHIC) — 41KB
• jmtmex10z7_2.jpg (GRAPHIC) — 52KB
• jmtmex10z7_3.jpg (GRAPHIC) — 35KB
• jmtmex10z7_4.jpg (GRAPHIC) — 2KB
• jmtmex23z1_1.jpg (GRAPHIC) — 62KB
• jmtms1_1.jpg (GRAPHIC) — 10KB
• jmtms1_2.jpg (GRAPHIC) — 17KB
• jmtms1_3.jpg (GRAPHIC) — 39KB
• jmtms1_4.jpg (GRAPHIC) — 15KB
• jmtms1_5.jpg (GRAPHIC) — 16KB
• jmtms1_6.jpg (GRAPHIC) — 15KB
• jmtms1_7.jpg (GRAPHIC) — 36KB
• jmtms1_8.jpg (GRAPHIC) — 15KB
• jmtms1_9.jpg (GRAPHIC) — 15KB
• jmtms1_10.jpg (GRAPHIC) — 15KB
• jmtms1_11.jpg (GRAPHIC) — 2KB
• jmtms1_12.jpg (GRAPHIC) — 1KB
• jmtms1_13.jpg (GRAPHIC) — 5KB
• 0001096906-24-001934.txt ( ) — 3748KB

RISK FACTORS

RISK FACTORS 15 CAUTIONARY NOTE REGARDING FORWARD-LOOKING STATEMENTS 20

USE OF PROCEEDS

USE OF PROCEEDS 21 DIVIDEND POLICY 22

MANAGEMENT'S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS OF OPERATIONS

MANAGEMENT'S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS OF OPERATIONS 41 MANAGEMENT 51

EXECUTIVE COMPENSATION

EXECUTIVE COMPENSATION 55

SECURITY OWNERSHIP OF CERTAIN BENEFICIAL OWNERS AND MANAGEMENT

SECURITY OWNERSHIP OF CERTAIN BENEFICIAL OWNERS AND MANAGEMENT 62 MATERIAL U.S. FEDERAL INCOME TAX CONSEQUENCES TO NON-U.S. HOLDERS 68 SELLING SECURITY HOLDERS 72 PLAN OF DISTRIBUTION 74 LEGAL MATTERS 76 EXPERTS 76 WHERE YOU CAN FIND MORE INFORMATION 76 INDEX TO FINANCIAL STATEMENTS F-1 JAMES MARITIME HOLDINGS, INC. iv ABOUT THIS PROSPECTUS You should rely only on the information contained in or incorporated by reference in this prospectus. We have not authorized any person to provide you with different or inconsistent information. If anyone provides you with different or inconsistent information, you should not rely on it. This is not an offer to sell or seeking an offer to buy these securities in any jurisdiction where the offer or sale is not permitted. You should assume that the information appearing in this prospectus and the documents incorporated by reference is accurate only as of their respective dates. Our business, financial condition, results of operations and prospects may have changed since such dates. We further note that the representations, warranties and covenants made by us in any document that is filed as an exhibit to the registration statement of which this prospectus is a part and in any document that is incorporated by reference herein were made solely for the benefit of the parties to such agreement, including, in some cases, for the purpose of allocating risk among the parties to such agreements, and should not be deemed to be a representation, warranty or covenant to you. Moreover, such representations, warranties or covenants were accurate only as of the date when made. Accordingly, such representations, warranties and covenants should not be relied on as accurately representing the current state of our affairs. v NOTE REGARDING INDUSTRY AND MARKET DATA Within this prospectus, we reference information and statistics regarding the private security industry, and the personal protective equipment marketplace.

View Full Filing

View this S-1 filing on SEC EDGAR