ASST · United States
Cash Position
The company has 15.9 months of cash left based on the quarterly cash burn of $1.077 M and estimated current cash of $5.713 M
Commentary on Financial Condition
Asset Entities Inc. has an accumulated deficit of $9,994,891 and a cash balance of $2,098,406 as of September 30, 2024, with a net loss of $1,315,369 for the recent quarter. The company has been financing its operations through capital raises, including a $3 million private placement of Series A Preferred Stock and an "at the market" offering expected to raise up to $1.79 million. Based on current cash resources and expected financing, the company anticipates having sufficient funds to operate through September 30, 2025, and at least 12 months beyond, but may require additional funding if business conditions change., Filed At: 2024-11-14
Former Symbols
No former symbols for ASST
Nasdaq Compliance
Asset Entities Inc. received a notification from Nasdaq on December 26, 2024, indicating non-compliance with the minimum bid price requirement of $1.00 per share, with a deadline to regain compliance by June 16, 2025. The company must achieve a closing bid price of at least $1.00 for a minimum of 10 consecutive business days to avoid potential delisting. Filed At: 2024-12-26.
Asset Entities Inc. has regained compliance with Nasdaq Listing Rule 5550(b)(1), which requires a minimum stockholders' equity of $2.5 million, as confirmed by Nasdaq on February 18, 2025. The company had previously been granted an extension until February 17, 2025, to meet this requirement and successfully demonstrated compliance by that date. Filed At: 2025-02-19.
Previous Splits
Disclaimer: Data was sourced from filings using AI and may occasionally contain errors. Data is split adjusted
In the money
potentially in play
out of play
Pending Offering
Warrants
Convertibles
May 2024 - Convertible Preferred - the terms of the convertible preferred are a bit unusual, basically the measuring period to determine the conversion price begins when the holder delivers notice and ends when the stock trades a certain $ volume. we dont know if/when the holder issued the notice, but it would be 85% of the lowest vwap during the the time between when he issued notice and when the stock traded over a certain volume threshold
$3.75
Ionic
the terms of the convertible preferred are a bit unusual, basically the measuring period to determine the conversion price begins when the holder delivers notice and ends when the stock trades a certain $ volume. we dont know if/when the holder issued the notice, but it would be 85% of the lowest vwap during the the time between when he issued notice and when the stock traded over a certain volume threshold --- floor price reduced to $0.18 on 1/22/25
ATM
ATM | Offering amount: $5,489,399 | Amount sold to date: $5,218,937 | Float: 12,108,969
424B5
ATM | Offering amount: $5,221,932 | Amount sold to date: $4,418,484 | Float: 11,518,969
424B5
ATM | Offering amount: $4,424,065 | Amount sold to date: $2,647,416 | Float: 9,758,969
424B5
ATM | Offering amount: $2,651,789 | Amount sold to date: $2,268,013 | Float: 8,839,296
424B5
ATM | Offering amount: $2,271,487 | Amount sold to date: $1,780,809 | Float: 4,453,897
424B5
ATM | Offering amount: $1,791,704 | Amount sold to date: $0 | Float: 1,940,474
424B5
Shelf
April 2024 SHELF | Offering amount: $100,000,000.00 | Float: 5,803,406 | Amount sold to date: $0.00
Equity Line
SPA - Triton -They can sell shares to Triton at 85% of the lowest daily volume-weighted average price of the Class B Common Stock during the five business days before and up to five business days after the date of the sale notice. The maximum value of shares they can sell to Triton is $1,000,000.
-
$6.25
S-1
Completed Offerings
IPO
$5.00
424B4
Tokens
Upgrade