Cizzle Bio, Inc.
View this filing on EDGAR (filing index, accession 0001062993-24-018218) | All Form C filings by this company on EDGAR
Filing details
| Company | Cizzle Bio, Inc. | (Form C, issuer information) |
|---|---|---|
| State | TX | (Form C, issuer information) |
| Platform | DEALMAKER SECURITIES LLC | (Form C, issuer information) |
| Filing date | 2024-11-04 | (EDGAR filing index) |
| Date of incorporation | 2024-02-23 | (Form C, issuer information) |
| Employees | 0 | (Form C, issuer information) |
| Security offered | Common Stock | (Form C, offering information) |
| Price per security | $0 | (Form C, offering information) |
| Target amount | $10,000 | (Form C, offering information) |
| Maximum ask | $5,000,000 | (Form C, offering information) |
| Offering deadline | 2025-04-20 | (Form C, offering information) |
| Platform compensation | As compensation for the services provided by DealMaker Securities LLC, the Issuer is required to pay to DealMaker Securities LLC a fee consisting of an eight and one-half percent (8.5%) cash commission based on the dollar amount of the Securities sold. | (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. The prior fiscal year figures are all 0.00, and the date of incorporation stated in this same Form C is in 2024, so that fiscal year may precede the company.
| Item | Most recent fiscal year | Prior fiscal year | Source |
|---|---|---|---|
| Revenue | $0 | $0 | (Form C, financial summary) |
| Cost of goods sold | $0 | $0 | (Form C, financial summary) |
| Net income | -$439,818 | $0 | (Form C, financial summary) |
| Taxes paid | $0 | $0 | (Form C, financial summary) |
| Cash and equivalents | $845,048 | $0 | (Form C, financial summary) |
| Accounts receivable | $0 | $0 | (Form C, financial summary) |
| Total assets | $845,048 | $0 | (Form C, financial summary) |
| Short-term debt | $42,409 | $0 | (Form C, financial summary) |
| Long-term debt | $1,228,500 | $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: 0001062993-24-018218, 0001062993-24-018237, 0001062993-25-001432, 0001062993-25-007617, 0001062993-25-007622.
"GOING CONCERN The Company lacks significant working capital and has only recently commenced operations."
"GOING CONCERN The Company lacks significant working capital and has only recently commenced operations."
- 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: 0001062993-24-018218, 0001062993-24-018237, 0001062993-25-007617, 0001062993-25-007622.
"In addition, The Behnke Group LLC could use its voting influence to maintain the Company’s existing management, delay or prevent changes in control of the Company, issue additional securities which may dilute you, repurchase securities of the Company, enter into transactions with related parties or support or reject other management and board proposals that are subject to shareholder approval."
"In addition, The Behnke Group LLC could use its voting influence to maintain the Company’s existing management, delay or prevent changes in control of the Company, issue additional securities which may dilute you, repurchase securities of the Company, enter into transactions with related parties or support or reject other management and board proposals that are subject to shareholder approval."
- No revenue. Revenue for the most recent fiscal year is $0 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.
- Platform compensation of 8% or more. The platform compensation stated in the Form C is 8% or more of the offering.
Checks not run on this filing
These checks are arithmetic on the Form C financial summary, and every figure in this filing's summary is 0.00, which on a Form C cover page can mean zero or can mean nothing was entered. We do not run arithmetic on figures that carry no information, so these checks are not run here. That is a limit of our method and says nothing about the company either way.
- Net loss in both years
A check means "read this part of the filing closely." It is not a judgment about how the company will do.
Company website as listed in the Form C: https://cizzlebio.com
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