Cash Position
The company has 3.0 months of cash left based on the quarterly cash burn of $1.23 M and estimated current cash of $4.63 M
Commentary on Financial Condition
Asset Entities has an accumulated deficit of $12,006,357 and a cash balance of $2,660,624 as of December 31, 2024, with net losses of $6,393,932 and $4,931,197 for 2024 and 2023, respectively. The company has primarily financed its operations through capital raises and service sales, including a Shelf Registration Statement for potential offerings up to $100 million and private placements of Series A Preferred Stock for $3 million. Asset Entities expects its existing cash resources and anticipated financing to support operations through December 31, 2025, and at least 12 months beyond. However, future cash needs may arise due to business expansion or other investments, potentially requiring additional equity or debt financing, which could lead to stockholder dilution or increased debt obligations., Filed At: 2025-03-31
Former Symbols
Nasdaq Compliance
Date
Deficiency
Market
Status
Notes
Dec 16, 2024
Bid Price
NCM
OPEN
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, as stated in the filing dated 2024-12-26.
Aug 21, 2024
Equity
NCM
RESOLVED
Asset Entities Inc. regained compliance with Nasdaq Listing Rule 5550(b)(1) on February 18, 2025, by meeting the minimum stockholders' equity requirement of $2.5 million, following a previous notification of non-compliance in August 2024. The company must maintain this compliance in its periodic report for the period ending March 31, 2025, to avoid potential delisting. Filed At: 2025-02-19.
Previous Splits
Date
Split
7/2/2024
5 to 1
Shelf
Title | Raisable Amt | Offering Amt | Amt Sold Last 12 Mos | Float | 60 Day High | Price to Exceed Baby Shelf | Float Value | Exp Date | Effective date | |
|---|---|---|---|---|---|---|---|---|---|---|
April 2024 SHELF | $94,510,602.00 | $100.00 M | 5489398 | 12.62 M | 7.69 | 5.94 | 97.05 M | 4/29/2027 | 4/29/2024 |
ATM
Title | ATM Remaining | Offering Amt | Exp Date | Shr Amt | Bank | Date | Type | |
|---|---|---|---|---|---|---|---|---|
January 2025 ATM | $270,461.00 | $5.49 M | - | - | A.G.P./Alliance Global Partners | Jan 29, 2025 | 424B5 | |
January 2025 ATM | $270,461.00 | $5.22 M | - | - | A.G.P./Alliance Global Partners | Jan 24, 2025 | 424B5 | |
January 2025 ATM | $270,461.00 | $4.42 M | - | - | A.G.P./Alliance Global Partners | Jan 23, 2025 | 424B5 | |
January 2025 ATM | $270,461.00 | $2.65 M | - | - | A.G.P./Alliance Global Partners | Jan 22, 2025 | 424B5 | |
November 2024 ATM | $270,461.00 | $2.27 M | - | - | A.G.P./Alliance Global Partners | Nov 18, 2024 | 424B5 | |
September 2024 ATM | $270,461.00 | $1.79 M | - | - | A.G.P./Alliance Global Partners | Sep 30, 2024 | 424B5 |
Convertibles
Title | Registered | Shares Remaining | Cv Price | $ Amt Remaining | Total $ Amt | Owners | Bank | Price Protection | Details | Convertible Date | Maturity Date | Filed Date | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
May 2024 - Series A Convertible Preferred | Registered | 266,667 | $3.75 | $1,000,000.00 | $3,000,000.00 | Ionic | Variable Rate | 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. *** During the year ended December 31, 2024, 230 shares of Series A Convertible Preferred Stock valued at $2,354,110 including dividend of $54,110 converted into 4,293,312 shares of Class B Stock." (Form 10-K, March 31, 2025) As of December 31, 2024, the company had 100 shares of Series A Convertible Preferred Stock issued and outstanding | - | - | May 24, 2024 |
Equity Line
Details | Offering Amt | Shr Amt | Share Price | Warrants | Ex Price | Cv Price | Date | Type | ATM Remaining | |
|---|---|---|---|---|---|---|---|---|---|---|
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. | $10.00 M | 999.45 k | - | 35.25 k | $6.25 | - | Aug 18, 2023 | S-1 | $10,000,000.00 |
Completed Offerings
Title | Offering Amt | Shr Amt | Share Price | Warrants | Bank | Owners | Date | Type | |
|---|---|---|---|---|---|---|---|---|---|
ATM USED | $3.22 M | - | - | - | A.G.P./Alliance Global Partners | - | Feb 14, 2025 | 8-K | |
ATM USED | $476.31 k | - | - | - | A.G.P./Alliance Global Partners | - | Jan 21, 2025 | 10-K | |
NEW ATM | $1.79 M | - | - | - | - | - | Sep 30, 2024 | 8-K | |
PRIVATE PLACEMENT | $1.50 M | 400.00 k | $3.75 | 0.00 | Boustead | - | Jul 29, 2024 | 8-K | |
ATM USED | $211.34 k | 124.32 k | $1.70 | - | Triton | - | Apr 9, 2024 | ||
IPO | $7.50 M | 300.00 k | $25.00 | 0.00 | Boustead | - | Feb 3, 2023 | 8-K |