RAADR Files Form 1-A For Regulation A Offering With Securities And Exchange Commission (SEC)

Rhea-AI Summary

RAADR, Inc. (OTC PINK: RDAR) announced the filing of form 1-A with the SEC for a Regulation A public offering of up to $5,000,000 in Common Stock shares, priced between $.001 and $0.074. The offering aims to secure equity investments to fund operations and eliminate existing debt. Approval from the SEC may take three to six months, with the offering to remain open for 365 days post-qualification by the New York Attorney General, extendable by 90 days at the company's discretion. CEO Jacob DiMartino highlighted this as a significant milestone for the company.

Positive

• Filing for a Regulation A offering allows RAADR to raise up to $5,000,000 in equity investments.
• The offering aims to fund operations and eliminate existing debt, potentially strengthening the company's financial position.

Negative

• Approval from the SEC may take three to six months, delaying potential funding.
• The offering price range suggests uncertainty regarding the company's market valuation.

PHOENIX, May 6, 2021 /PRNewswire/ -- RAADR, Inc. (OTC PINK: RDAR), a technology and software development company that monitors cyber-bullying and social media platforms with artificial intelligence, is pleased to announce the company has filed form 1-A with the SEC. This is more commonly referred to as a " REG A" offering.

This is a public offering of up to $5,000,000 in shares of Common Stock of Raadr, Inc. at a price between $.001 and $0.074 to be determined at the time of qualification. Offering price will be disclosed via a supplemental filing within 2 days of Qualification. The end date of the offering will be exactly 365 days from the date the Offering Circular is approved by the Attorney General of the state of New York (unless extended by the Company, in its own discretion, for up to another 90 days).

The company anticipates it will take three to six months for approval from the SEC of this offering.

"This was a huge milestone we can check off the list! Our next big milestone is  to get this offering approved so the company can start  bringing in equity investments which will help fund operations and eliminate all the old existing  debt," says CEO JACOB DiMartino.

Contact: Jacob Dimartino; jacob.d@raadr.com

 

 

 

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SOURCE RAADR, Inc.

FAQ

What is the purpose of RAADR's Regulation A offering?

RAADR's Regulation A offering aims to raise up to $5,000,000 to fund operations and eliminate existing debt.

What is the timeline for RAADR's SEC approval for the offering?

RAADR anticipates that SEC approval for the offering will take three to six months.

How long will RAADR's public offering remain open?

The public offering will remain open for 365 days from the qualification date, extendable by 90 days at the company's discretion.

What are the price ranges for shares in RAADR's offering?

Shares will be priced between $0.001 and $0.074, with the exact price determined at the time of qualification.

What is the stock symbol for RAADR?

The stock symbol for RAADR, Inc. is RDAR.