PEPTINOVO BIOPHARMA INC.
View this filing on EDGAR (filing index, accession 0001868564-25-000002) | All Form C filings by this company on EDGAR
Filing details
| Company | PEPTINOVO BIOPHARMA INC. | (Form C, issuer information) |
|---|---|---|
| State | MI | (Form C, issuer information) |
| Platform | SILICON PRAIRIE CAPITAL PARTNERS, LLC | (Form C, issuer information) |
| Filing date | 2025-03-05 | (EDGAR filing index) |
| Date of incorporation | 2020-04-29 | (Form C, issuer information) |
| Employees | 5 | (Form C, issuer information) |
| Security offered | Preferred Stock | (Form C, offering information) |
| Price per security | $3 | (Form C, offering information) |
| Target amount | $50,000 | (Form C, offering information) |
| Maximum ask | $1,250,000 | (Form C, offering information) |
| Offering deadline | 2025-09-04 | (Form C, offering information) |
| Platform compensation | $66,000 if the maximum amount is raised. If the maximum amount is not raised and the amount raised is $1 million or less, the amount of compensation payable to Silicon Prairie Capital Partners, LLC ranges from 3% to 5% of the amount raised. If the maximum | (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 | $1,545 | $1,971 | (Form C, financial summary) |
| Cost of goods sold | $0 | $0 | (Form C, financial summary) |
| Net income | -$2,832,689 | -$239,183 | (Form C, financial summary) |
| Taxes paid | $0 | $0 | (Form C, financial summary) |
| Cash and equivalents | $350,498 | $59,735 | (Form C, financial summary) |
| Accounts receivable | $0 | $0 | (Form C, financial summary) |
| Total assets | $2,243,238 | $1,941,396 | (Form C, financial summary) |
| Short-term debt | $393,309 | $396,329 | (Form C, financial summary) |
| Long-term debt | $3,755,900 | $742,500 | (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: 0001868564-25-000002, 0001868564-25-000009, 0001868564-26-000002.
"on Peptinovo’s operations and ability to execute its business plan. • Going concern: The Company has realized losses every year since inception, incurred negative working capital and cash flows from operations, and may continue to generate losses."
"The company may fail to raise the funds needed to complete initial first-in-human trials. • Key person risk: As a small management team, the loss of any management team member may have a material adverse effect on Peptinovo’s operations and ability to execute its business plan. • Going concern: The Company has realized losses every year since inception, incurred negative working capital and cash flows from operations, and may continue to generate losses."
- 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: 0001868564-25-000002, 0001868564-25-000009.
"ayable Accounts Payable - Related Party Line of Credit - Related Party Accrued Interest Convertible Notes Payroll Liabilities Total Current Liabilities Long-term Liabilities Line of Credit - Related Party Accrued Interest Convertible Notes SAFE Notes (Future Equity Obligations) SAFE Notes (Future Equity Obligations) - Related Party Total Long-Term Liabilities TOTAL LIABILITIES EQUITY Common Stock Additional Paid-in Capital Accumulated Deficit Total Equity TOTAL LIABILITIES AND EQUITY Statement of Operations Year Ended December 31, Revenue Cost of Revenue Gross Profit Operating Expenses Adverti"
"See Note 3 - Related Party Transacfions for details of repayment of related party line of credit."
- 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.
- Debt above assets. Short-term plus long-term debt is larger than total assets 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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