EnergyX

EnergyX

Growth Stage

EnergyX develops next generation battery technology and direct lithium extraction technology.

EnergyX develops next generation battery technology and direct lithium extraction technology.

Overview

Raised this Round: Raised: $36,425,298

Total Commitments ($USD)

Platform

Dealmaker Securities

Start Date

07/05/2022

Close Date

12/31/2024

Min. Goal
$500
Max. Goal
$75,000,000
Min. Investment

$500

Security Type

Equity - Common

Series

Series A

SEC Filing Type

RegA+    Open SEC Filing

Price Per Share

$6.11

Pre-Money Valuation

$475,000,000

Year Founded

2018

Industry

Energy, Power, & Natural Resources

Tech Sector

Cleantech

Distribution Model

B2B

Margin

Low

Capital Intensity

High

Location

Dorado, Puerto Rico

Business Type

Growth

EnergyX is raising funds through Reg A+ crowdfunding with Dalmore Group as the Broker-Dealer. The company is leading the global transition to renewable energy. It has developed the next-generation battery technology, direct lithium extraction technology, and built Lithium-ion Transport and Separation( LiTAS). EnergyX already has agreements with four of the top ten lithium producers in the world. The company’s technology will improve lithium recovery rates from 30% to 90%. Teague Egan founded EnergyX in 2018. The current crowdfunding campaign has a maximum target of $75,000,000. The campaign proceeds will be used for demonstration and commercial plant deployment, debt obligations, working capital, and general corporate purposes.

Balance Sheet

Cash and Cash Equivalents

$422,900

Total Assets

$524,554

Accounts Payable & Accrued Liabilities

$442,516

Long Term Debt

$2,070,330

Total Liabilities

$2,549,846

Total Stockholders' Equity

$2,025,292

Total Liabilities and Equity

$524,554

Statement of Comprehensive Income Information

Net Income

$1,804,525

Earnings Per Share - Basic

$0.09

Earnings Per Share - Diluted

$0.07

Auditor: BDO
Financials as of: 07/05/2022
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Raise History

Offering Name Close Date Platform Valuation/Cap Total Raised Security Type Status Reg Type
EnergyX 12/30/2024 Dealmaker Securities $475,000,000 $36,425,298 Equity - Common Active RegA+
EnergyX 08/19/2021 Netcapital $306,492,600 $3,039,768 Equity - Common Funded RegCF
EnergyX 05/08/2021 Netcapital $306,492,600 $0 Equity - Common Funded Test the Waters / RegCF
EnergyX 02/04/2021 Netcapital $54,114,620 $1,521,935 Equity - Common Funded RegCF / RegD 506(c)
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Revenue History

Note: Revenue data points reflect the latest of either the most recent fiscal year's financials, or updated revenues directly from the founder, at each raise's close date.

Valuation History

Price per Share History

Note: Share prices shown in earlier rounds may not be indicative of any stock splits.

Employee History

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EnergyX on Dalmore Group 2022
Platform: Dealmaker Securities
Security Type: Equity - Common
Valuation: $475,000,000
Price per Share: $6.11

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