Relay Point

Relay Point

Early Stage

The app revolutionizing transportation with blockchain technology

The app revolutionizing transportation with blockchain technology

Overview

Funding data not publicly available
Platform

Dalmore Group

Start Date

12/08/2022

Close Date

Not Provided

Min. Goal
$1,500
Max. Goal
$9,954,800
Min. Investment

$1,500

Security Type

Equity - Common

Series

Seed

SEC Filing Type

RegA+    Open SEC Filing

Price Per Share

$5.00

Pre-Money Valuation

$22,000,000

Year Founded

2018

Industry

Transportation, Automotive, Aviation, & Aerospace

Tech Sector

MarketplaceTech

Distribution Model

B2B

Margin

Medium

Capital Intensity

Low

Location

Las Vegas,, Nevada

Business Type

Growth

Relay Point is raising funds independently through Reg A+ crowdfunding with Dalmore Group as the Broker-Dealer. The company is building the first mass use case for blockchain in the $75 billion on-demand transportation market. The Relay Point app brings a brand-new solution to age-old problems in passenger-for-hire and move-to-freight industries. The blockchain solution of the business enables Smart Contracts to make approval, clearance, and payments faster and more efficiently, while tokenization puts all aspects of a contract on the ledger, increasing transparency. Stanley K. Chomer founded Relay Point in 2018. The current crowdfunding campaign has a maximum target of $9.9 million. The campaign proceeds will be used for staffing, research and development, marketing, professional services, leases, equipment, and working capital.

Balance Sheet

Cash and Cash Equivalents

$30,564

Total Assets

$65,384

Accounts Payable & Accrued Liabilities

$2,500

Long Term Debt

$0

Total Liabilities

$106,616

Total Stockholders' Equity

$-41,232

Total Liabilities and Equity

$65,384

Statement of Comprehensive Income Information

Costs & Expenses Applicable to Rev

$88,189

Net Income

$-88,189

Earnings Per Share - Basic

$5.00

Earnings Per Share - Diluted

$3.44

Auditor: Omar Alnuaimi
Financials as of: 12/08/2022
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Raise History

Offering Name Close Date Platform Valuation/Cap Total Raised Security Type Status Reg Type
Relay Point 11/08/2023 Dalmore Group $22,000,000 - Equity - Common Not Funded RegA+
Relay Point 02/19/2022 Dalmore Group $50,000,000 $65,200 Equity - Preferred Funded RegA+
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Relay Point on Dalmore Group 2022
Platform: Dalmore Group
Security Type: Equity - Common
Valuation: $22,000,000
Price per Share: $5.00

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