Relay Point
The app revolutionizing transportation with blockchain technology
Overview
Platform
Dalmore Group
Start Date
12/09/2022
Close Date
12/09/2023
Min. Goal
$1,500
Max. Goal
$9,954,800
Min. Investment
$1,500
Security Type
Equity - Common
Series
Seed
Funding Type
RegA+
Price Per Share
$5.00
Pre-Money Valuation
$22,000,000
Location
Las Vegas,, Nevada
Industry
Transportation, Automotive, Aviation, & Aerospace
Tech Sector
MarketplaceTech
Distribution Model
B2B
Margin
Medium
Capital Intensity
Low
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: 12/09/2022
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