UNLOCKD Amends Reg A Offering: 2B Shares at $0.0001, Adds $231.5K Note Conversion
BFCH is trading near its 52-week low of $0 (0.0% above the low).
Summary
UNLOCKD amended its Reg A offering to sell 2 billion shares at $0.0001, adding a 350M share selling shareholder component. The offering is priced at half the current market price and would more than double the share count.
Key Events · Financing and Capital Events · BFCH
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Offering Amended to 2B Shares at $0.0001
The company increased its Regulation A offering to 2,000,000,000 shares at a fixed price of $0.0001 per share, down from the prior $0.0003 range. Maximum gross proceeds to the company are now $200,000.
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Selling Shareholder Component Added
350,000,000 shares are being offered by selling shareholders, underlying $231,500 of convertible notes. The company will not receive any proceeds from these sales.
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Massive Dilution Potential
If all 2 billion company shares and 350 million conversion shares are issued, shares outstanding would rise from 2.33 billion to 4.68 billion, a 101% increase. An additional 1.2 billion shares may be issued under other convertible instruments.
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Priced at 50% Discount to Market
The offering price of $0.0001 is half the current market price of $0.0002, indicating a deeply discounted capital raise.
Analysis · BFCH · Energy & Transportation
UNLOCKD has amended its Regulation A offering to sell up to 2 billion shares at a fixed price of $0.0001, down from the prior $0.0003 range. The company also added 350 million shares for selling shareholders tied to $231,500 of convertible notes. At the current market price of $0.0002, the offering is priced at a 50% discount, signaling a highly dilutive capital raise. The company has no cash, a going concern warning, and an accumulated deficit of $5.5 million, so this offering is a survival move that will massively dilute existing holders if fully sold.
At the time of this filing, BFCH was trading at $0.00 on OTC in the Energy & Transportation sector, with a market capitalization of approximately $445.2K. The 52-week trading range was $0.00 to $0.00. This filing was assessed with negative market sentiment and an importance score of 8 out of 10.