Naqi Logix (2023)

Naqi Logix (2023)

About this raise

Naqi Logix is raising funds through Reg A+ crowdfunding with Dalmore Group as the Broker-Dealer. It is a technology company developing the Naqi Earbuds and the Naqi Framework. Naqi Earbuds will enable users to control their IoT environment without interacting with the devices with controlled and Naqi Framework enables OEMs of wearable devices to create discreet and inconspicuous user interfaces. The revolutionary technology of Naqi Logix transforms micro gestures into instant commands to control all the devices. Mark Godsy and Dave Segal founded Naqi Logix in 2020. The current crowdfunding campaign has a maximum target of $10,000,000. The campaign proceeds will be used for technology development, marketing, business development, and working capital.

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Investment Overview

Invested this round: $1,120,832

Deal Terms

Total Commitments

Platform
Dalmore Group
Start Date
07/26/2022
Close Date
06/30/2023
Min. Goal
$1,500
Max Goal
$10,000,000
Min. Investment

$1,500

Security Type

Equity - Common

Company Stage

Growth Stage

SEC Filing Type

RegA+    Open SEC Filing

Price Per Share

$2.00

Pre-Money Valuation

$96,947,748

Company & Team

Company

Year Founded
2020
Industry
Consumer Products, Goods & Services
Tech Sector
Hardwaretech
Distribution Model
B2C
Margin
Medium
Capital Intensity
High
Location
Vancouver, British Columbia
Business Type
Growth
Company Website
Visit Website

Team

Employees
2
Prior Founder Exits?
Yes
Founder Name
Dave Segal
Title
Chief Innovation Officer
Founder Name
Mark Godsy
Title
CEO and Chairman

Financials

 Revenue
$0
 Cash on Hand
$1,112,045

Balance Sheet

Cash and Cash Equivalents

$1,112,045

Accounts and Notes Receivable

$8,800

Property, Plant and Equipment (PP&E)

$673,300

Total Assets

$1,794,145

Accounts Payable & Accrued Liabilities

$542,755

Long Term Debt

$0

Total Liabilities

$542,755

Total Stockholders' Equity

$1,251,390

Total Liabilities and Equity

$1,794,145

Statement of Comprehensive Income Information

Costs & Expenses Applicable to Rev

$719,027

Net Income

$719,027

Earnings Per Share - Basic

$-0.05

Earnings Per Share - Diluted

$-0.05

Auditor: BDO Canada LLP
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Company Funding & Growth

Funding history

Total Prior Capital Raised
$0
VC Backed?
No
Offering Name Close Date Platform Valuation Total Raised Security Type Status Reg Type
NAQI Logix 03/10/2026 StartEngine $126,110,000 $425,987 Equity - Common Active RegA+
Naqi Logix 06/30/2023 Dalmore Group $96,947,748 $1,120,832 Equity - Common Funded RegA+
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Growth Charts

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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Naqi Logix on Dalmore Group 2022
Platform: Dalmore Group
Security Type: Equity - Common
Valuation: $96,947,748
Price per Share: $2.00

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Warning: according to the close date for this deal, Naqi Logix may no longer be accepting investments.

Naqi Logix Deal Report

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