Above: Space Development Corp.

11/04/2024 | Press release | Distributed by Public on 11/04/2024 15:06

Offering Statement under Regulation A - Form C

FORM C UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
OMB APPROVAL


FORM C

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Form C: Filer Information

Filer CIK:
0001841998
Filer CCC:
XXXXXXXX
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Submission Contact Information

Name:
Phone Number:
Contact E-Mail Address:
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Form C: Issuer Information

Issuer Information

Name of Issuer:
Above: Space Development Corp


Legal Status of Issuer:

Form:
Corporation


Jurisdiction of Incorporation/Organization:
DELAWARE


Date of Incorporation/Organization:
06-16-2022


Physical Address of Issuer:

Address 1:
4100 MARKET STREET SW


Address 2:
SUITE 100


City:
HUNTSVILLE


State/Country:
ALABAMA


Mailing Zip/Postal Code:
35808


Website of Issuer:
abovespace.com


Intermediary through which the Offering will be Conducted:
CIK:
0001711770


Company Name:
Silicon Prairie Online LLC


Commission File Number:
007-00123


CRD Number:
289746


Form C: Offering Information

Offering Information

Amount of compensation to be paid to the intermediary, whether as a dollar amount or a percentage of the offering amount, or a good faith estimate if the exact amount is not available at the time of the filing, for conducting the offering, including the amount of referral and any other fees associated with the offering:
$2,500 listing fee + commission tiers for amount raised: 5% to $1M, plus 4% from $1M to $2M, plus 3% from $2M to $10M, plus 1% above $10M. Total commissions earned based on cumulative lifetime raises with platform which is $457,705 as of 10/31/24.


Any other financial interest in the issuer held by the intermediary, or any arrangement for the intermediary to acquire such an interest:
None


Type of Security Offered:
Other


Specify:
Class B Common Stock (non-voting)


Target Number of Securities to be Offered:
22000


Price:
0.46000


Price (or Method for Determining Price):
Price of the Shares was determined solely by management and the board of directors and bears no relation to traditional measures of valuation such as book value or price-to-earnings ratios. We expect that any future valuation will take the same approach.


Target Offering Amount:
10120.00


Maximum Offering Amount (if different from Target Offering Amount):
4899000.00


Oversubscriptions Accepted: Yes No
If yes, disclose how oversubscriptions will be allocated:
First-come, first-served basis


Deadline to reach the Target Offering Amount:
03-31-2025


NOTE: If the sum of the investment commitments does not equal or exceed the target offering amount at the offering deadline, no securities will be sold in the offering, investment commitments will be cancelled and committed funds will be returned.

Form C: Annual Report Disclosure Requirements

Annual Report Disclosure Requirements

Current Number of Employees:
6.00


Total Assets Most Recent Fiscal Year-end:
271756.00


Total Assets Prior Fiscal Year-end:
724856.00


Cash and Cash Equivalents Most Recent Fiscal Year-end:
180216.00


Cash and Cash Equivalents Prior Fiscal Year-end:
687662.00


Accounts Receivable Most Recent Fiscal Year-end:
2000.00


Accounts Receivable Prior Fiscal Year-end:
0.00


Short-term Debt Most Recent Fiscal Year-end:
0.00


Short-term Debt Prior Fiscal Year-end:
0.00


Long-term Debt Most Recent Fiscal Year-end:
67333.00


Long-term Debt Prior Fiscal Year-end:
63089.00


Revenue/Sales Most Recent Fiscal Year-end:
824822.00


Revenue/Sales Prior Fiscal Year-end:
996031.00


Cost of Goods Sold Most Recent Fiscal Year-end:
30910.00


Cost of Goods Sold Prior Fiscal Year-end:
2701.00


Taxes Paid Most Recent Fiscal Year-end:
530.00


Taxes Paid Prior Fiscal Year-end:
1073.00


Net Income Most Recent Fiscal Year-end:
-822491.00


Net Income Prior Fiscal Year-end:
-210280.00


Using the list below, select the jurisdictions in which the issuer intends to offer the securities:
ALABAMA


Using the list below, select the jurisdictions in which the issuer intends to offer the securities:
ALASKA


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ARIZONA


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ARKANSAS


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CALIFORNIA


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COLORADO


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CONNECTICUT


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DELAWARE


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DISTRICT OF COLUMBIA


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FLORIDA


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GEORGIA


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HAWAII


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IDAHO


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ILLINOIS


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INDIANA


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IOWA


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KANSAS


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KENTUCKY


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LOUISIANA


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MAINE


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MARYLAND


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MASSACHUSETTS


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MICHIGAN


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MINNESOTA


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MISSISSIPPI


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MISSOURI


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MONTANA


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NEBRASKA


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NEVADA


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NEW HAMPSHIRE


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NEW JERSEY


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NEW MEXICO


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NEW YORK


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NORTH CAROLINA


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NORTH DAKOTA


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OHIO


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OKLAHOMA


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OREGON


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PENNSYLVANIA


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PUERTO RICO


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RHODE ISLAND


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SOUTH CAROLINA


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SOUTH DAKOTA


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TENNESSEE


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TEXAS


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UTAH


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VERMONT


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VIRGINIA


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WASHINGTON


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WEST VIRGINIA


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WISCONSIN


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WYOMING


Form C: Signature

Signature

Pursuant to the requirements of Sections 4(a)(6) and 4A of the Securities Act of 1933 and Regulation Crowdfunding (§ 227.100-503), the issuer certifies that it has reasonable grounds to believe that it meets all of the requirements for filing on Form C and has duly caused this Form to be signed on its behalf by the duly authorized undersigned.
Issuer:
Above: Space Development Corp


Signature:
Rhonda Stevenson


Title:
Chief Executive Officer


Pursuant to the requirements of Sections 4(a)(6) and 4A of the Securities Act of 1933 and Regulation Crowdfunding (§ 227.100-503), this Form C has been signed by the following persons in the capacities and on the dates indicated.

Signature:
Rhonda Stevenson


Title:
Chief Executive Officer


Date:
11-04-2024


Pursuant to the requirements of Sections 4(a)(6) and 4A of the Securities Act of 1933 and Regulation Crowdfunding (§ 227.100-503), this Form C has been signed by the following persons in the capacities and on the dates indicated.

Signature:
Timothy Alatorre


Title:
Chief Financial Officer


Date:
11-04-2024