Specificity, Inc. Files S-1 for Initial Public Offering

TL;DR

<b>Specificity, Inc. has filed an S-1 registration statement, signaling its intent to go public.</b>

AI Summary

SPECIFICITY, INC. (SPTY) filed a IPO Registration (S-1) with the SEC on February 5, 2024. Specificity, Inc. filed an S-1 registration statement with the SEC on February 5, 2024. The company is incorporated in Nevada and operates in the Advertising Agencies industry (SIC 7311). Its principal business address is located in Tampa, Florida. The filing includes financial data for periods ending September 30, 2023, December 31, 2022, and December 31, 2021. The S-1 form indicates a filing under the Securities Act of 1933.

Why It Matters

For investors and stakeholders tracking SPECIFICITY, INC., this filing contains several important signals. This S-1 filing is a crucial step for Specificity, Inc. as it prepares for an Initial Public Offering (IPO), allowing the company to raise capital and increase its public profile. Investors can now access detailed financial information and business operations of Specificity, Inc. through this SEC filing, enabling informed investment decisions.

Risk Assessment

Risk Level: low — SPECIFICITY, INC. shows low risk based on this filing. The risk is low as this is a standard S-1 filing for an IPO, and no immediate financial distress or significant operational issues are evident from the provided header information.

Analyst Insight

Monitor future filings for details on the IPO's pricing, share offering, and the company's financial performance post-listing.

Key Numbers

• 2024-02-05 — Filing Date (Date the S-1 was filed)
• 2023-09-30 — Most Recent Financial Period End (Date for which financial data is available)
• 2022-12-31 — Previous Year End Financials (Date for previous year-end financial data)
• 2021-12-31 — Prior Year End Financials (Date for prior year-end financial data)

Key Players & Entities

• SPECIFICITY, INC. (company) — Filer name
• S-1 (regulator) — Form type
• SEC (regulator) — Securities and Exchange Commission
• 7311 (regulator) — Standard Industrial Classification code for Advertising Agencies
• NV (regulator) — State of incorporation
• FL (regulator) — State of business address
• 1933 Act (regulator) — SEC Act
• 333-276873 (regulator) — SEC file number

Forward-Looking Statements

• Specificity, Inc. will complete its initial public offering (IPO) (SPECIFICITY, INC.) — medium confidence, target: 2024-12-31
• The company will use the proceeds from the IPO to expand its advertising services (SPECIFICITY, INC.) — low confidence, target: 2025-02-05

FAQ

Industry Context

Specificity, Inc. operates within the advertising agencies sector, a segment of the broader marketing and communications industry.

Regulatory Implications

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

What Investors Should Do

1. Review the full S-1 document for detailed financial statements and business descriptions.
2. Analyze the company's proposed use of proceeds from the IPO.
3. Track the IPO's pricing and market reception.

Key Dates

• 2024-02-05: S-1 Filing — Indicates intent for public offering

Year-Over-Year Comparison

This is the initial S-1 filing, so no prior filing data is available for comparison.

Key Financial Figures

• $0.001 — ficity, Inc. (the "Company"), par value $0.001 per share (the "Shares") by ClearThink
• $5,000,000 — have the right to "put" or sell, up to $5,000,000 worth of shares of our common stock to
• $1,000,000 — ink put notices for up to the lesser of $1,000,000 or 500% of the daily average shares tra
• $500 thousand — apabilities available to companies with $500 thousand to $5 million in sales. The PICK POCKET
• $5 million — able to companies with $500 thousand to $5 million in sales. The PICK POCKET build-out is
• $25,000,000 — nts with revenues between$5,000,000 and $25,000,000. The revenue target speaks to both reta
• $5,100 — ts with these revenues spend on average $5,100 per month. This is important because th
• $100,000 — estimate such costs to be approximately $100,000 for 12 months following this Offering.
• $25,000 — notice, but not in an amount less than $25,000 (the "Put Amount") and will obligate Cl

Filing Documents

• spec_s1.htm (S-1) — 1041KB
• spec_s1ex5z1.htm (EX-5) — 11KB
• spec_s1ex10z3.htm (EX-10) — 169KB
• spec_s1ex10z4.htm (EX-10) — 73KB
• spec_s1ex107.htm (EX-FILING FEES) — 10KB
• image_001.jpg (GRAPHIC) — 178KB
• image_002.jpg (GRAPHIC) — 236KB
• image_003.jpg (GRAPHIC) — 259KB
• image_004.jpg (GRAPHIC) — 18KB
• 0001520138-24-000055.txt (&nbsp;) — 5523KB
• spty-20230930.xsd (EX-101.SCH) — 21KB
• spty-20230930_cal.xml (EX-101.CAL) — 35KB
• spty-20230930_def.xml (EX-101.DEF) — 88KB
• spty-20230930_lab.xml (EX-101.LAB) — 185KB
• spty-20230930_pre.xml (EX-101.PRE) — 151KB
• spec_s1_htm.xml (XML) — 395KB

USE OF PROCEEDS

USE OF PROCEEDS 14 DETERMINATION OF OFFERING PRICE 14 PLAN OF DISTRIBUTION; TERMS OF THE OFFERING 16

DESCRIPTION OF SECURITIES

DESCRIPTION OF SECURITIES 17 INTERESTS OF NAMED EXPERTS AND COUNSEL 18 INFORMATION WITH RESPECT TO REGISTRANT 18 DESCRIPTION OF BUSINESS 18 DESCRIPTION OF PROPERTY 23

LEGAL PROCEEDINGS

LEGAL PROCEEDINGS 23 MARKET FOR COMMON EQUITY AND RELATED STOCKHOLDER MATTER 24 DIVIDEND POLICY 24

SELECTED FINANCIAL DATA AND MANAGEMENT'S DISCUSSION AND ANALYSIS

SELECTED FINANCIAL DATA AND MANAGEMENT'S DISCUSSION AND ANALYSIS 25 CHANGES IN AND DISAGREEMENTS WITH ACCOUNTANTS ON ACCOUNTING AND FINANCIAL DISCLOSURE 28

QUANTITATIVE AND QUALITATIVE DISCLOSURES ABOUT MARKET RISK

QUANTITATIVE AND QUALITATIVE DISCLOSURES ABOUT MARKET RISK 28 DIRECTORS AND EXECUTIVE OFFICERS 29

EXECUTIVE COMPENSATION AND CORPORATE GOVERNANCE

EXECUTIVE COMPENSATION AND CORPORATE GOVERNANCE 31

SECURITY OWNERSHIP OF CERTAIN BENEFICIAL OWNERS AND MANAGEMENT

SECURITY OWNERSHIP OF CERTAIN BENEFICIAL OWNERS AND MANAGEMENT 32 CERTAIN RELATIONSHIPS AND RELATED TRANSACTIONS 33 LEGAL MATTERS 33 EXPERTS 33 COMMISSION POSITION ON INDEMNIFICATION FOR SECURITIES ACT LIABILITIES 33 WHERE YOU CAN FIND MORE INFORMATION 34 INDEX TO CONSOLIDATED FINANCIAL STATEMENTS F-1

– INFORMATION NOT REQUIRED IN PROSPECTUS

PART II – INFORMATION NOT REQUIRED IN PROSPECTUS II-1 -i- Table of Contents You should rely only on the information contained or incorporated by reference to this prospectus in deciding whether to purchase our Common Stock. We have not authorized anyone to provide you with information different from that contained in this prospectus. Under no circumstances should the delivery to you of this prospectus or any sale made pursuant to this prospectus create any implication that the information contained in this prospectus is correct as of any time after the date of this prospectus. To the extent that any facts or events arising after the date of this prospectus, individually or in the aggregate, represent a fundamental change in the information presented in this prospectus, this prospectus will be updated to the extent required by law. PROSPECTUS SUMMARY The following summary highlights material information contained in this prospectus. This summary does not contain all of the information you should consider before investing in the securities. Before making an investment decision, you should read the entire prospectus carefully, including the risk factors section, the financial entitled "Where You Can Find More Information" in this prospectus and any amendment or supplement hereto. Company Overview Specificity, Inc. ("Specificity" or the "Company") was incorporated in the State of Nevada on November 25, 2020. The Problem We Endeavor to Solve At our core, we are a digital marketing firm. However, through our diversified holdings, we provide various solutions that combine our marketing expertise to provide support for other segments of our portfolio. Ultimately, Specificity is a tech incubator. We identify technology-based marketing solution entities, take an equity share position in return for utilizing our internal res

View Full Filing

View this S-1 filing on SEC EDGAR