HeavyTech,Inc.
View this filing on EDGAR (filing index, accession 0002047937-25-000001) | All Form C filings by this company on EDGAR
Filing details
| Company | HeavyTech,Inc. | (Form C, issuer information) |
|---|---|---|
| State | IN | (Form C, issuer information) |
| Platform | SILICON PRAIRIE CAPITAL PARTNERS, LLC | (Form C, issuer information) |
| Filing date | 2025-05-05 | (EDGAR filing index) |
| Date of incorporation | 2024-11-25 | (Form C, issuer information) |
| Employees | 0 | (Form C, issuer information) |
| Security offered | Preferred Stock | (Form C, offering information) |
| Price per security | $1 | (Form C, offering information) |
| Target amount | $50,000 | (Form C, offering information) |
| Maximum ask | $1,235,000 | (Form C, offering information) |
| Offering deadline | 2026-04-30 | (Form C, offering information) |
| Platform compensation | 6.0% of the amount raised in the Offering | (Form C, offering information) |
Financial summary
Figures are as entered by the company in the financial summary on the cover of its Form C. They are self-reported and unaudited, and they are not taken from the financial statements filed as exhibits to the Form C, which we do not read mechanically.
| Item | Most recent fiscal year | Prior fiscal year | Source |
|---|---|---|---|
| Revenue | $0 | $0 | (Form C, financial summary) |
| Cost of goods sold | $24,108 | $5,031 | (Form C, financial summary) |
| Net income | -$24,108 | -$5,031 | (Form C, financial summary) |
| Taxes paid | $0 | $0 | (Form C, financial summary) |
| Cash and equivalents | $25 | $25 | (Form C, financial summary) |
| Accounts receivable | $0 | $0 | (Form C, financial summary) |
| Total assets | $25 | $25 | (Form C, financial summary) |
| Short-term debt | $0 | $0 | (Form C, financial summary) |
| Long-term debt | $0 | $0 | (Form C, financial summary) |
Mechanical checks that fired
- Going-concern language. Going-concern language appears in this offering's own Form C filing or in an amendment to it, in a sentence that states it rather than ruling it out. The quoted sentence is below. Read the auditor or accountant notes in the filing for the full context. Found in: 0002047937-25-000001.
"Substantial Doubt About the Entity’s Ability to Continue as a Going Concern: The accompanying balance sheet has been prepared on a going concern basis, which means that the entity expects to continue its operations and meet its obligations in the normal course of business during the next twelve months."
"Substantial Doubt About the Entity’s Ability to Continue as a Going Concern: The accompanying balance sheet has been prepared on a going concern basis, which means that the entity expects to continue its operations and meet its obligations in the normal course of business during the next twelve months."
- Related-party language. Related-party language appears in this offering's own Form C filing or in an amendment to it, in a sentence that states it rather than ruling it out. The phrase can describe routine or unusual arrangements, so read the quoted sentence and the filing. Found in: 0002047937-25-000001.
"This licensing agreement is a key 47 component of the related-party transaction, ensuring that HeavyTech has ongoing access to proprietary hybrid technology while allowing Xirro, LLC to retain ownership of the intellectual property."
"This licensing agreement is a key 50 component of the related-party transaction, ensuring that HeavyTech has ongoing access to proprietary hybrid technology while allowing Xirro, LLC to retain ownership of the intellectual property."
- Net loss in both years. Net income is negative in both fiscal years reported in the Form C financial summary.
- Cash below one year of losses. Net loss for the most recent fiscal year is larger than year-end cash, both as reported in the Form C financial summary.
- No revenue. Revenue for the most recent fiscal year is $0 in the Form C financial summary.
- Maximum ask above 10x revenue. The maximum offering amount is more than 10 times the most recent fiscal year revenue (or revenue is $0), per the Form C.
A check means "read this part of the filing closely." It is not a judgment about how the company will do.
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