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Gravity AI, a Cayman Islands holding company, provides cloud-based SaaS platform for global supply chain visibility and execution through its Singapore subsidiary Gravity SG, serving logistics service providers (LSPs) who white-label the technology to end-customers in electronics, manufacturing, food & beverage, and life sciences. The platform integrates with ERP systems, offering Source, Order Management, and Deliver modules focused on 'First Mile' capabilities with no CapEx required. For FY2023 and FY2024, revenues were $1.83M and $1.75M respectively, with net losses of $2.39M and $1.91M, reflecting ongoing operating losses and negative cash flows from operations of $2.36M and $1.36M. As of June 30, 2025, shares outstanding were 11,658,560 with shareholders' deficit of $11.32M and total liabilities of $11.72M, including $11.12M in borrowings. The company is offering 3,750,000 Ordinary Shares at $4.00 per share, expecting net proceeds of $12.61M (or $14.67M if over-allotment exercised), for 30% working capital, 40% AI development/acquisitions, and 30% debt repayment. Gravity AI is going public to access capital markets for growth amid going concern doubts, funding AI/ML integration, trade finance partnerships, Scope 3 emissions features, and direct BCO expansion, leveraging competitive strengths in First Mile focus and high system compatibility while addressing customer concentration and debt risks.
Shares Offered
6,400,000,000
Issuer Type
Shares Offered
3,750,000
Offering Amount
$15,000,000
Price Range
$4.00
Share Type
Ordinary Shares
Exchange
NASDAQ
Ticker
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Use of Proceeds: 30% general working capital; 40% AI capabilities acquisition/development; 30% partial repayment of bank overdraft, Rikvin Capital loan, and Hemant Bhatt loan.
Gravity AI provides cloud-based SaaS platform for global supply chain visibility and execution, primarily serving LSPs who white-label to end-customers.