SEC Filing Summary: Load Guard Logistics, Inc.
Business Context and Reporting Period
This Form 8-K was filed by Load Guard Logistics, Inc. on November 1, 2013. The report discloses the closure of a registered equity offering. Note: The request metadata references "Skye Bioscience, Inc.," but the provided filing text explicitly identifies the registrant as Load Guard Logistics, Inc.
Key Financial Metrics
- Capital Raised: $23,800
- Shares Sold: 476,000 shares of common stock
- Offering Price: $0.05 per share
- Original Target: $100,000 (from 2,000,000 shares offered by the Company)
- Revenue, Profit, Cash Flow, Debt, Liquidity: The filing text does not provide a clear value for these metrics.
Material Changes
The Company closed its Offering on November 1, 2013, and will not sell any additional shares under the Prospectus declared effective on June 12, 2013. The offering was originally scheduled to expire on March 9, 2014, unless extended. The actual proceeds ($23,800) were significantly lower than the $100,000 sought under the initial registration.
Guidance, Outlook, and Risks
The filing contains no forward-looking guidance, management commentary on future operations, or specific risk factors beyond the conclusion of the capital raise. The primary event is the termination of the share offering.
Investor Verification Checklist
- Verify the discrepancy between the requested company name (Skye Bioscience) and the filing registrant (Load Guard Logistics).
- Confirm the total cash balance impact of the $23,800 raised versus the $100,000 target.
- Review subsequent filings to determine if the Company has initiated a new capital raise or secured alternative financing.
- Check the Company's current liquidity status given the shortfall in the offering.