Soar Technologies Inc.
View this filing on EDGAR (filing index, accession 0002099520-26-000001) | All Form C filings by this company on EDGAR
Filing details
| Company | Soar Technologies Inc. | (Form C, issuer information) |
|---|---|---|
| State | CA | (Form C, issuer information) |
| Platform | PicMii Crowdfunding LLC | (Form C, issuer information) |
| Filing date | 2026-03-24 | (EDGAR filing index) |
| Date of incorporation | 2024-02-20 | (Form C, issuer information) |
| Employees | 1 | (Form C, issuer information) |
| Security offered | Other Class A Common Stock | (Form C, offering information) |
| Price per security | $1 | (Form C, offering information) |
| Target amount | $10,000 | (Form C, offering information) |
| Maximum ask | $1,234,999 | (Form C, offering information) |
| Offering deadline | 2026-07-31 | (Form C, offering information) |
| Platform compensation | Issuer will receive cash compensation equal to 4.9% of the value of the securities sold through Regulation CF as well as a $2,500 listing fee paid after the first disbursement. | (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 | $0 | $0 | (Form C, financial summary) |
| Net income | -$47,847 | -$39,144 | (Form C, financial summary) |
| Taxes paid | $0 | $0 | (Form C, financial summary) |
| Cash and equivalents | $30,839 | $5,560 | (Form C, financial summary) |
| Accounts receivable | $0 | $0 | (Form C, financial summary) |
| Total assets | $61,149 | $5,560 | (Form C, financial summary) |
| Short-term debt | $41,050 | $32,634 | (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: 0002099520-26-000001, 0002099520-26-000002, 0002099520-26-000003.
"Substantial Doubt About the Company’s Ability to Continue as a Going Concern The accompanying financial statements have been prepared assuming that the Company will continue as a going concern."
"Substantial Doubt About the Company’s Ability to Continue as a Going Concern The accompanying financial statements have been prepared assuming that the Company will continue as a going concern."
- 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: 0002099520-26-000001, 0002099520-26-000002, 0002099520-26-000003.
"See Note 14 for related party transactions with Magic Hour Worldwide LLC, which had a zero balance at year-end."
"See Note 14 for related party transactions with Magic Hour Worldwide LLC, which had a zero balance at year-end."
- 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.
Company website as listed in the Form C: https://soaraerial.com
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