DMINT, Inc. Files for IPO

TL;DR

DMINT, Inc. just filed for an IPO, get ready for some crypto finance action.

AI Summary

DMINT, Inc. filed an S-1 registration statement with the SEC on October 21, 2024, to register its securities for public sale. The company, based in New York, operates in the finance services sector, specifically focusing on crypto assets. The filing indicates DMINT, Inc. is preparing for an initial public offering.

Why It Matters

This S-1 filing marks DMINT, Inc.'s official step towards becoming a publicly traded company, potentially opening up new avenues for investment in the crypto asset finance sector.

Risk Assessment

Risk Level: medium — As a crypto asset-focused finance company going public, DMINT faces inherent volatility and regulatory uncertainties associated with the cryptocurrency market.

Key Numbers

• 0001996450 — Central Index Key (Unique identifier for DMINT, Inc. in SEC filings.)
• 87-2345483 — IRS Employer Identification Number (Tax identification number for DMINT, Inc.)
• 333-282740 — SEC File Number (SEC registration file number for DMINT, Inc.)

Key Players & Entities

• DMINT, Inc. (company) — Registrant
• Ronny Yakov (person) — Chief Executive Officer
• Barry I. Grossman (person) — Legal Counsel
• David Selengut (person) — Legal Counsel
• Justin Grossman (person) — Legal Counsel
• Ellenoff Grossman & Schole LLP (company) — Legal Counsel
• 1120 Avenue of the Americas (company) — Principal Executive Offices
• 212-278-0900 (dollar_amount) — Business Phone Number

FAQ

Key Financial Figures

• $16 million — suming we can raise capital of at least $16 million after the Spin-Off Distribution, we pla
• $1.07 billion — earliest to occur of: (i) our reporting $1.07 billion or more in annual gross revenues; (ii)
• $1 billion — e, in a three year period, of more than $1 billion in non-convertible debt; and (iii) the
• $700 million — stock held by non -affiliates exceeded $700 million on the last business day of our second

Filing Documents

• ea0217748-s1_dmint.htm (S-1) — 1103KB
• ea021774801ex23-1_dmint.htm (EX-23.1) — 2KB
• ea021774801ex-fee_dmint.htm (EX-FILING FEES) — 9KB
• image_001.jpg (GRAPHIC) — 10KB
• image_002.jpg (GRAPHIC) — 6KB
• image_003.jpg (GRAPHIC) — 32KB
• image_004.jpg (GRAPHIC) — 28KB
• image_005.jpg (GRAPHIC) — 22KB
• image_006.jpg (GRAPHIC) — 50KB
• image_007.jpg (GRAPHIC) — 14KB
• image_008.jpg (GRAPHIC) — 4KB
• 0001213900-24-089099.txt ( ) — 1345KB

Risk Factors

Risk Factors 9 Cautionary Note Regarding Forward-Looking Statements 25 Capitalization 26 Management’s Discussion and Analysis of Financial Condition and Results of Operations 27

Business

Business 31 Management 38 Executive Compensation 41 Certain Relationships and Related Party Transactions 46 Description of Capital Stock 47 Shares Eligible For Future Sale 49 Experts 49 Legal Matters 49 Where You Can Find More Information 49 Index to Financial Statements F-1 i ABOUT THIS PROSPECTUS You should rely only on the information contained in this prospectus and in any free writing prospectus filed with the SEC. We have not authorized anyone to provide you with different information or to make representations other than those 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 the offer is not permitted. Unless otherwise indicated, references to “DMINT,” the “Company,” “we,” “our,” “us” or similar terms refer to the registrant, DMINT, Inc., and its subsidiaries, except where the context otherwise requires. ii CAUTIONARY NOTE REGARDING FORWARD-LOOKING STATEMENTS Certain financial performance. We have attempted to identify forward-looking statements by using terminology such as “anticipates,” “believes,” “expects,” “can,” “continue,” “could,” “estimates,” “expects,” “intends,” “may,” “plans,” “potential,” “predict,” “should,” “will,” or the negative of these terms or other comparable terminology. These statements are only predictions; uncertainties and other factors ma

financial statements and related notes included in this prospectus

financial statements and related notes included in this prospectus. Unless the context indicates otherwise, as used in this prospectus, the terms “DMINT,” “we,” “us,” “our,” “our company” and “our business” refer, to DMINT, Inc., including its subsidiaries named herein. 1 Our Company DMINT, Inc. (“DMINT” or the “Company” or “we”), a Delaware corporation was formed on July 23, 2021. DMINT is a Bitcoin mining company that has been a wholly owned subsidiary of The OLB Group, Inc. (“OLB”), a fintech public company listed on NASDAQ: OLB, since inception. The Company gained experience operating mining computers (“miners”) during its Beta phase. Currently, we own and have 1,000 mining computers in our Selmer, Tennessee Mining Facility, which is owned by DMINT, of which 100 miners were impaired as of December 31, 2023, however, we believe there is potential to repair the 100 miners and eventually use them in operations. At our Tennessee Mining Facility, we are only able to obtain .65MW of electricity due to its current structural capabilities. Therefore, as of the date of this prospectus, we are only able to operate a maximum of 400 mining computers. The facility is approximately 15,000 square feet and has space for further expansion of up to 5,000 miners. We also have all the necessary electrical hardware and cooling solutions, such as transformers, panel guards, direct buses, smart power distribution units, cooling fans, and louvers to operate up to 5,000 miners. However, we do not have the cash necessary to pay for the installation of the equipment currently to allow our Tennessee Mining Facility to have such capabilities. When we are able to obtain enough capital to expand our Tennessee Mining Facilities structural capabilities, we plan to expand our operations to up 5,000 miners. Such planned expansion will occur in two phases. In p

View Full Filing

View this S-1 filing on SEC EDGAR