Dankon Corp Files S-1/A for $100K Common Stock Offering
| Field | Detail |
|---|---|
| Company | Dankon Corp |
| Form Type | S-1/A |
| Filed Date | Jul 10, 2025 |
| Risk Level | high |
| Sentiment | bearish |
Sentiment: bearish
Topics: S-1/A, IPO, Prepackaged Software, Emerging Growth Company, Micro-Cap, High Risk, SEC Filing
TL;DR
**Dankon Corp's $100,000 offering at $0.025 per share is a speculative micro-cap play for high-risk investors, likely to be illiquid and volatile.**
AI Summary
Dankon Corp, a prepackaged software company, filed an S-1/A on July 10, 2025, to register 4,000,000 shares of common stock at an estimated offering price of $0.025 per share, totaling an aggregate offering price of $100,000. The company, incorporated in Wyoming with a fiscal year ending February 28, operates from Miami, Florida. Edgar Ulises Rodriguez Velazquez serves as President and CEO. Dankon Corp is classified as a smaller reporting company and an emerging growth company, indicating its early stage of development and reduced disclosure requirements. The registration fee of $15.50 was previously paid. This amendment delays the effective date until a further amendment is filed, suggesting ongoing adjustments to the offering details or corporate structure. The filing indicates a continuous offering pursuant to Rule 415 under the Securities Act of 1933.
Why It Matters
This S-1/A filing signals Dankon Corp's intent to go public, offering 4,000,000 shares at $0.025 each, which could provide capital for growth in the competitive prepackaged software market. For investors, this micro-cap offering presents a high-risk, high-reward opportunity, given the low share price and emerging growth company status. Employees could see increased stability and potential equity value, while customers might benefit from enhanced product development if the capital is effectively deployed. The broader market will watch to see if this small offering can gain traction, especially against established software giants, as it represents a new entrant seeking public funding.
Risk Assessment
Risk Level: high — The risk level is high due to the extremely low offering price of $0.025 per share and the small aggregate offering price of $100,000, indicating a micro-cap, early-stage company. Dankon Corp is classified as both a 'smaller reporting company' and an 'emerging growth company,' which means it is subject to fewer disclosure requirements and likely has limited operating history and financial resources, increasing investment uncertainty.
Analyst Insight
Investors should approach Dankon Corp's offering with extreme caution, recognizing the high speculative nature of a $0.025 share price. Only those with a high-risk tolerance and a willingness to potentially lose their entire investment should consider participating, as liquidity will likely be very low post-IPO.
Executive Compensation
| Name | Title | Total Compensation |
|---|---|---|
| Edgar Ulises Rodriguez Velazquez | President and Chief Executive Officer |
Key Numbers
- 4,000,000 — Shares to be Registered (Represents the total common stock offered in the S-1/A filing.)
- $0.025 — Offering Price Per Share (Indicates a very low valuation per share, typical of micro-cap offerings.)
- $100,000 — Aggregate Offering Price (The total capital Dankon Corp aims to raise from this offering.)
- $15.50 — Registration Fee (The amount previously paid to the SEC for this registration.)
- 2025-07-10 — Filing Date (The date the S-1/A amendment was filed with the SEC.)
- 7372 — SIC Code (Identifies Dankon Corp's primary business as Prepackaged Software Services.)
Key Players & Entities
- Dankon Corp (company) — Registrant
- Edgar Ulises Rodriguez Velazquez (person) — President and Chief Executive Officer
- SEC (regulator) — Securities and Exchange Commission
- $0.025 (dollar_amount) — Offering Price Per Share
- $100,000 (dollar_amount) — Aggregate Offering Price
- $15.50 (dollar_amount) — Amount of Registration Fee
- Wyoming (company) — State of Incorporation
- Miami, Florida (company) — Principal Executive Offices Location
- 06 Technology (company) — Organization Name
FAQ
What is Dankon Corp's business according to the S-1/A filing?
Dankon Corp's business is classified under Standard Industrial Classification (SIC) code 7372, which corresponds to 'SERVICES-PREPACKAGED SOFTWARE'. This indicates the company develops or sells ready-made software solutions.
What is the proposed offering price per share for Dankon Corp's common stock?
The proposed offering price per share for Dankon Corp's common stock is estimated at $0.025, as stated in the 'Offering Price Per Share' section of the S-1/A filing.
Who is the President and CEO of Dankon Corp?
Edgar Ulises Rodriguez Velazquez is identified as the President and Chief Executive Officer of Dankon Corp, with contact information provided in the filing.
How many shares of common stock is Dankon Corp registering in this S-1/A?
Dankon Corp is registering 4,000,000 shares of common stock, as detailed in the 'Securities to be Registered' table within the S-1/A filing.
What is the aggregate offering price for Dankon Corp's proposed offering?
The aggregate offering price for Dankon Corp's proposed offering is $100,000, calculated from 4,000,000 shares at $0.025 per share.
Is Dankon Corp considered a smaller reporting company or an emerging growth company?
Yes, Dankon Corp has checked the boxes indicating it is both a 'Smaller reporting company' and an 'Emerging Growth Company' in the S-1/A filing.
Where are Dankon Corp's principal executive offices located?
Dankon Corp's principal executive offices are located at 66 W Flagler Street Suite 900, Miami, Florida, 33130, with a business phone number of +1-810-580-3677.
What is the significance of Dankon Corp filing an S-1/A?
The S-1/A filing is an amendment to an initial S-1 registration statement, indicating Dankon Corp is updating its information for a proposed public offering of securities. The 'A' signifies an amendment to the original filing.
What is the fiscal year end for Dankon Corp?
Dankon Corp's fiscal year end is February 28, as stated in the 'COMPANY DATA' section of the filing.
Why is the effective date of Dankon Corp's registration statement being delayed?
The registrant states it 'hereby amends this registration statement on such date or dates as may be necessary to delay its effective date until the registrant shall file a further amendment,' indicating ongoing adjustments or regulatory review before the offering can proceed.
Risk Factors
- Continuous Offering Uncertainty [medium — regulatory]: The company is conducting a continuous offering under Rule 415, which allows for delayed or continuous sales. The S-1/A filing indicates ongoing adjustments, suggesting potential instability or evolving business plans that could impact the offering's execution and investor confidence.
- Extremely Low Offering Price [high — financial]: The offering price of $0.025 per share and an aggregate offering of $100,000 for 4,000,000 shares suggest a very low valuation. This could indicate significant financial distress or a highly speculative venture, making it unattractive to many investors.
- Micro-Cap Status and Limited Disclosure [medium — operational]: As a smaller reporting company and emerging growth company, Dankon Corp has reduced disclosure requirements. This lack of transparency can obscure potential risks and make it difficult for investors to conduct thorough due diligence.
- Uncertainty of Capital Raising [medium — financial]: The aggregate offering price of $100,000 is a modest amount, which may not be sufficient to fund significant growth or operational expansion for a software company. The success of raising this capital is not guaranteed.
Industry Context
Dankon Corp operates in the prepackaged software industry, a sector characterized by rapid technological advancements and intense competition. While the software market offers significant growth potential, it also demands continuous innovation and adaptation to evolving customer needs and cybersecurity threats. Companies in this space often face challenges related to product development cycles, market penetration, and customer acquisition costs.
Regulatory Implications
As a smaller reporting and emerging growth company, Dankon Corp benefits from scaled-back disclosure requirements. However, this also means less transparency for investors, potentially increasing the risk of undisclosed issues. The continuous offering under Rule 415 allows for flexibility but can also signal ongoing strategic adjustments or challenges in executing the offering.
What Investors Should Do
- Scrutinize financial statements and disclosures carefully.
- Assess the viability of the $0.025 offering price.
- Evaluate the company's business model and competitive positioning.
- Monitor future amendments to the S-1/A filing.
Key Dates
- 2025-07-10: S-1/A Filing Date — Indicates the most recent update to the registration statement, suggesting ongoing efforts to finalize the offering details.
- 2025-08-06: Date as of Change — Marks a specific point in time for the filing's status, potentially related to amendments or SEC review.
- 2025-02-28: Fiscal Year End — Defines the period for which financial statements are typically reported.
Glossary
- S-1/A
- An amendment to an S-1 registration statement filed with the SEC. It is used to update or correct information before the registration statement becomes effective. (This is the core document for Dankon Corp's public offering, and the amendment signifies that the company is still refining its offering details.)
- Rule 415
- A rule that permits securities to be registered for offering on a continuous basis. This is often referred to as a 'shelf registration'. (Dankon Corp is using this rule, meaning shares can be sold over time, not necessarily all at once, providing flexibility but also potential for prolonged uncertainty.)
- Smaller Reporting Company
- A company that meets certain criteria for revenue, public float, and voting power, allowing for reduced SEC disclosure requirements. (Dankon Corp's status as a smaller reporting company means less detailed financial and business information is publicly available, increasing risk for investors.)
- Emerging Growth Company
- A company that has total annual gross revenues of less than $1.235 billion during its most recently completed fiscal year. These companies are allowed to take advantage of certain scaled-back disclosure and regulatory requirements. (Similar to a smaller reporting company, this status indicates Dankon Corp is in its early stages and benefits from relaxed reporting, which can obscure risks.)
- Aggregate Offering Price
- The total value of the securities being offered for sale, calculated by multiplying the number of shares by the price per share. (For Dankon Corp, this is $100,000, a relatively small amount for a public offering, which may limit the company's ability to fund operations or growth.)
- SIC Code 7372
- Standard Industrial Classification code for 'Prepackaged Software'. (This code confirms Dankon Corp's primary business focus is in the prepackaged software sector.)
Year-Over-Year Comparison
Information regarding previous filings and comparative financial metrics is not available in the provided text. Therefore, a comparison of key metrics such as revenue growth or margin changes to a prior year cannot be performed. The current S-1/A filing focuses on the details of the proposed offering and the company's status as an emerging entity.
Filing Details
This Form S-1/A (Form S-1/A) was filed with the SEC on July 10, 2025 by Edgar Ulises Rodriguez Velazquez regarding Dankon Corp.