General Enterprise Ventures Files S-1/A for Potential Offering

Ticker: CITR · Form: S-1/A · Filed: Dec 31, 2024 · CIK: 894556

Sentiment: neutral

Topics: offering, debt, amendment

TL;DR

GEVI filing S-1/A, looks like they're prepping for a big raise. Watch this space.

AI Summary

General Enterprise Ventures, Inc. filed an S-1/A on December 31, 2024, indicating a potential offering. The company, previously known as General Entertainment Ventures, Inc. and General Environmental Ventures, Inc., is based in Cheyenne, WY. The filing details various financial figures, including potential offering amounts up to $1,000,000,000 and significant debt and accrued interest as of December 31, 2023.

Why It Matters

This S-1/A filing signals that General Enterprise Ventures, Inc. is preparing to raise capital through a public offering, which could significantly impact its future operations and stock performance.

Risk Assessment

Risk Level: medium — The company has undergone multiple name changes and the S-1/A filing suggests a potential offering, which inherently carries market and execution risks.

Key Numbers

Key Players & Entities

FAQ

What is the primary purpose of this S-1/A filing for General Enterprise Ventures, Inc.?

The S-1/A filing indicates that General Enterprise Ventures, Inc. is preparing to register securities for a public offering, aiming to raise capital.

What were the previous names of General Enterprise Ventures, Inc.?

The company was formerly known as General Entertainment Ventures, Inc. and General Environmental Ventures, Inc., with name changes occurring on May 17, 2021, and April 27, 2005, respectively.

What is the reported amount of debt and accrued interest as of the latest fiscal year end?

As of December 31, 2023, General Enterprise Ventures, Inc. reported $97,545,388 in debt and accrued interest.

What is the maximum potential offering amount indicated in the filing?

The filing suggests a maximum potential offering amount of $1,000,000,000.

Where is General Enterprise Ventures, Inc. located?

The company's business and mailing address is located in Cheyenne, WY.

Filing Stats: 4,607 words · 18 min read · ~15 pages · Grade level 14.3 · Accepted 2024-12-31 12:29:43

Key Financial Figures

Filing Documents

Use of Proceeds

Use of Proceeds 25

Dilution

Dilution 26 Capitalization 27

Management's Discussion and Analysis of Financial Condition and Results of Operations

Management's Discussion and Analysis of Financial Condition and Results of Operations 28

Business

Business 39 Directors and Executive Officers 52

Executive Compensation

Executive Compensation 57

Security Ownership of Certain Beneficial Owners and Management

Security Ownership of Certain Beneficial Owners and Management 59 Certain Relationships and Related Party Transactions and Director Independence 61

Description of Securities

Description of Securities 63 Dividend Policy 65 Shares Eligible for Future Sale 66 Legal Matters 75 Experts 75 Where You Can Find More Information 75 Index to Consolidated Financial Statements F-1 Exhibits II-3 i Table of Contents ABOUT THIS PROSPECTUS You should rely only on the information contained in this prospectus and in any free writing prospectus prepared by or on behalf of the Company and delivered or made available to you. Neither the Company, nor the underwriters, have authorized anyone to provide you with additional or different information. We are offering to sell, and seeking offers to buy, shares of our Common Stock only in jurisdictions where offers and sales are permitted. The information contained in this prospectus or a free writing prospectus is accurate only as of its date, regardless of its time of delivery or of any sale of shares of our Common Stock. Our business, financial condition, operating results, and prospects may have changed since that date, and neither the delivery of this prospectus nor any sale made in connection with this prospectus shall, under any circumstances, create any implication that there has been no change in our affairs since the date of this prospectus or that the information contained by reference to this prospectus is correct as of any time after its date. References to "the Company," "we," "GEVI," "us," "our" and words of like import refer to us and our subsidiaries, including, General Enterprise Ventures, Inc. and Mighty Fire Breaker, LLC, unless the context indicates otherwise. References to General Enterprise Ventures, Inc. and Mighty Fire Breaker, LLC, refer to the business and operations of General Enterprise Ventures, Inc. and Mighty Fire Breaker, LLC, as the case may be, prior to acquisition by us unless the context indicates otherwise. For investors outside the United States: the Company has not done anything that would permit this offering or possession or distribution of thi

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