Galactic Annihilation

Galactic Annihilation

Early Stage

PLANETARY ANNIHILATION JUST GOT BIGGER

PLANETARY ANNIHILATION JUST GOT BIGGER

Overview

Raised this Round: Raised: $850,068

Total Commitments ($USD)

Platform

StartEngine

Start Date

10/17/2023

Close Date

01/16/2024

Min. Goal
$15,000
Max. Goal
$1,235,000
Min. Investment

$500

Security Type

Equity - Common

Series

Seed

SEC Filing Type

RegCF    Open SEC Filing

Price Per Share

$1.05

Pre-Money Valuation

$10,006,500

Year Founded

2021

Industry

Media, Entertainment & Publishing

Tech Sector

GamingTech

Distribution Model

B2C

Margin

Medium

Capital Intensity

High

Location

Bellevue, Washington

Business Type

Growth

Galactic Annihilation, with a valuation of $10 million, is raising funds on StartEngine. It is a gaming, software, and services company behind the game Industrial Annihilation. Galactic Annihilation has been formed by the creators of the popular real-time strategy game Planetary Annihilation and combines the strategy of the Annihilation game series with deep factory-building. The company is constructing the next generation of RTS in a way players have never seen before. Jonathan Scott Mavor, Erik Lindquist, and Hal Robert Berry Jr. founded Galactic Annihilation in January 2021. The current crowdfunding campaign has a minimum target of $250,000 and a maximum target of $1.24 million. The campaign proceeds will be used for company employment and working capital.

Summary Profit and Loss Statement

FY 2022 FY 2021

Revenue

$0

$35,000

COGS

$0

$0

Tax

$0

$0

 

 

Net Income

$-994,180

$-250,656

Summary Balance Sheet

FY 2022 FY 2021

Cash

$25,164

$69,344

Accounts Receivable

$0

$0

Total Assets

$25,164

$69,344

Short-Term Debt

$1,270,000

$320,000

Long-Term Debt

$0

$0

Total Liabilities

$1,270,000

$320,000

Financials as of: 10/17/2023
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Galactic Annihilation on StartEngine 2023
Platform: StartEngine
Security Type: Equity - Common
Valuation: $10,006,500
Price per Share: $1.05

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