Sow Good Inc. Files S-1/A Amendment

TL;DR

<b>Sow Good Inc. has filed an S-1/A amendment on March 27, 2024, updating its registration statement.</b>

AI Summary

Sow Good Inc. (SOWG) filed a Amended IPO Registration (S-1/A) with the SEC on March 27, 2024. Sow Good Inc. filed an S-1/A on March 27, 2024. The company was formerly known as Black Ridge Oil & Gas, Inc. and ante5, Inc. The filing lists a business address in Irving, TX. The SIC code is 2000 (Food & Kindred Products). The company is incorporated in Delaware.

Why It Matters

For investors and stakeholders tracking Sow Good Inc., this filing contains several important signals. This S-1/A filing indicates Sow Good Inc. is moving forward with its public offering plans, providing updated information for potential investors. The amendment suggests the company is preparing for significant financial events, such as an IPO or further stock offerings, which could impact its capital structure and market presence.

Risk Assessment

Risk Level: medium — Sow Good Inc. shows moderate risk based on this filing. The company has a history of name changes and was formerly in the oil and gas sector, suggesting potential shifts in business strategy and operational focus that could introduce uncertainty.

Analyst Insight

Monitor Sow Good Inc.'s S-1/A filings for details on its business model, financial performance, and the terms of any upcoming securities offerings to assess investment potential.

Key Numbers

• 2024-03-27 — Filing Date (S-1/A filing date)
• 2000 — SIC Code (Food & Kindred Products)
• 272345075 — IRS Number (Company IRS number)
• 1440 N. UNION BOWER — Street 1 (Business address)
• 75061 — ZIP (Business address ZIP code)
• 2012-04-03 — Date of Name Change (Former company name change date)
• 2010-04-22 — Date of Name Change (Former company name change date)

Key Players & Entities

• Sow Good Inc. (company) — Filer
• Black Ridge Oil & Gas, Inc. (company) — Former company name
• ante5, Inc. (company) — Former company name
• Irving, TX (location) — Business address
• DE (location) — State of incorporation

FAQ

Industry Context

Sow Good Inc. operates within the Food & Kindred Products industry, as indicated by its SIC code.

Regulatory Implications

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

What Investors Should Do

1. Review the full S-1/A filing for detailed financial statements and business operations.
2. Analyze the company's historical business changes and former operations.
3. Track future SEC filings for updates on Sow Good Inc.'s public offering status.

Key Dates

• 2024-03-27: Filing of S-1/A — Updated registration statement for public offering

Year-Over-Year Comparison

This is the initial S-1/A filing analyzed for Sow Good Inc. in this session.

Key Financial Figures

• $0.0001 — ng of shares of common stock, par value $0.0001 per share ("common stock") of Sow Good
• $ — e of common stock will be between $ and $, and the number of shares offered hereb
• $10 million — driers can produce up to approximately $10 million of revenue per year depending on produc
• $428.1 thousand — eadership, our revenues have grown from $428.1 thousand during the year ended December 31, 2022
• $16.1 million — nded December 31, 2022 to approximately $16.1 million for the year ended December 31, 2023, w
• $14.6 million — d December 31, 2023, with approximately $14.6 million of that being recorded in the six-month
• $23.6 billion — 21 to 2028 and sales are expected to be $23.6 billion in 2028 . We believe the nascent freeze
• $10.0 million — Sow Good spent over two years and over $10.0 million dollars to develop a state-of-the-art m

Filing Documents

• sowg20240318_s1a.htm (S-1/A) — 2933KB
• ex_644977.htm (EX-23.2) — 3KB
• ex_644978.htm (EX-23.3) — 3KB
• ex_641583.htm (EX-FILING FEES) — 18KB
• mkcpas01.jpg (GRAPHIC) — 11KB
• pic2.jpg (GRAPHIC) — 14KB
• sglogo01.jpg (GRAPHIC) — 10KB
• 0001437749-24-009634.txt (&nbsp;) — 11074KB
• sowg-20231231.xsd (EX-101.SCH) — 87KB
• sowg-20231231_cal.xml (EX-101.CAL) — 58KB
• sowg-20231231_def.xml (EX-101.DEF) — 643KB
• sowg-20231231_lab.xml (EX-101.LAB) — 451KB
• sowg-20231231_pre.xml (EX-101.PRE) — 678KB
• sowg20240318_s1a_htm.xml (XML) — 1699KB

RISK FACTORS

RISK FACTORS 13 CAUTIONARY NOTE REGARDING FORWARD-LOOKING STATEMENTS 40

USE OF PROCEEDS

USE OF PROCEEDS 41 CAPITALIZATION 42 DIVIDEND POLICY 44

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

MANAGEMENT'S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS OF OPERATIONS 47

BUSINESS

BUSINESS 61 MANAGEMENT 73

EXECUTIVE COMPENSATION

EXECUTIVE COMPENSATION 77 CERTAIN RELATIONSHIPS AND RELATED PARTY TRANSACTIONS 85 PRINCIPAL STOCKHOLDERS 88

DESCRIPTION OF CAPITAL STOCK

DESCRIPTION OF CAPITAL STOCK 90 SHARES ELIGIBLE FOR FUTURE SALE 93 MATERIAL U.S. FEDERAL INCOME TAX CONSIDERATIONS FOR NON-U.S. HOLDERS OF COMMON STOCK 95

UNDERWRITING

UNDERWRITING 98 LEGAL MATTERS 104 EXPERTS 104 WHERE YOU CAN FIND MORE INFORMATION 104 Neither we nor any of the underwriters have authorized anyone to provide you with any information or to make any representations other than those contained in this prospectus or in any related free writing prospectuses prepared by or on behalf of us or to which we have referred you. Neither we nor any of the underwriters take responsibility for, and can provide no assurance as to the reliability of, any other information that others may give you. This prospectus is an offer to sell only the shares of common stock offered by this prospectus, but only under circumstances and in jurisdictions where it is lawful to do so. The information contained in this prospectus is current only as of its date regardless of the time of delivery of this prospectus or any sale of shares of common stock. Our business, financial condition, results of operations and prospectus may have changed since that date. For investors outside the United States: We have not, and the underwriters have not, done anything that would permit this offering or the possession or distribution of this prospectus or any free writing prospectus we may provide to you in connection with this offering in any jurisdiction where action for 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 the shares of common stock and the distribution of this prospectus outside the United States. See " Underwriting ." ii Table of Contents ABOUT THIS PROSPECTUS As used in this prospectus, unless the context otherwise requires, references to " we ," " us ," " our ," the " Company ," " Sow Good ," and similar references refer to Sow Good Inc., together with its subsidiaries. TRADEMARKS, SERVICE MARKS AND TRADE NAMES This prospectus includes our trademarks, s

View Full Filing

View this S-1/A filing on SEC EDGAR