Jet Shark

Jet Shark

Early Stage

Bringing an exhilarating submersible vessel to the mass market

Bringing an exhilarating submersible vessel to the mass market

Overview

Raised to Date: Raised: $4,200

Total Commitments ($USD)

Platform

Republic

Start Date

03/25/2024

Close Date

07/21/2024

Min. Goal
$50,000
Max. Goal
$1,235,000
Min. Investment

$200

Security Type

SAFE

SEC Filing Type

RegCF    Open SEC Filing

Early Bird Val. Cap

$7,500,000

Valuation Cap

$10,000,000

Discount

0%

Rolling Commitments ($USD)

Status

Active

Reporting Date

04/15/2024

Days Remaining

97

% of Min. Goal

8%

% of Max. Goal

0%

Likelihood of Max
unlikely
Avg. Daily Raise

$200

# of Investors

10

Momentum
cold.svg
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Year Founded

2023

Industry

Transportation, Automotive, Aviation, & Aerospace

Tech Sector

Hardwaretech

Location

Redding, California

Jet Shark, with a valuation of $10 million, is raising funds on Republic. The company is bringing a submersible vessel to the mass market. Jet Shark moves through the water rather than skimming over it like boats and brings the capabilities of an aircraft to the boating world. The business has delivered 175 vessels to over 35 countries and generated $20 million in sales. Jet Shark has an impeccable safety record and has been featured in major films, TV shows, and commercials. Robert Innes founded Jet Shark in December 2023. The current crowdfunding campaign has a minimum target of $50,000 and a maximum target of $1.24 million. The campaign proceeds will be used for technology and product development, sales and marketing, and infrastructure.

Summary Profit and Loss Statement

FY 2023 FY 2022

Revenue

$0

$0

COGS

$0

$0

Tax

$0

$0

 

 

Net Income

$-69,724

$-53,040

Summary Balance Sheet

FY 2023 FY 2022

Cash

$0

$0

Accounts Receivable

$0

$0

Total Assets

$586,500

$0

Short-Term Debt

$0

$0

Long-Term Debt

$0

$0

Total Liabilities

$0

$0

Financials as of: 03/25/2024
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Jet Shark on Republic 2024
Platform: Republic
Security Type: SAFE
Valuation: $10,000,000

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