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Gravity AI is a Cayman Islands holding company with key operations through its Singapore subsidiary Gravity SG, providing cloud-based SaaS platform for global supply chain visibility and execution, primarily to logistics service providers (LSPs) who white-label it to end-customers in electronics, industrial tech, food/beverage, and life sciences. The platform integrates with ERP systems and external data for end-to-end visibility, focusing 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, and negative operating cash flows of $2.36M and $1.36M. As of June 30, 2025, cash was $84K, total liabilities $11.72M, and shareholders' deficit $11.32M, with going concern doubts due to working capital deficits and debt maturities. The company is offering 3,750,000 Ordinary Shares at $4.00 per share, expecting $12.61M net proceeds (no over-allotment), for 30% working capital, 40% AI development/acquisitions, and 30% debt repayment including $0.90M bank overdraft, $0.55M Rikvin loan, and $8.63M director loan. Post-offering, shares outstanding will be 15.41M. Gravity AI seeks public capital to fund growth strategies like AI/ML integration, trade finance partnerships, Scope 3 emissions, and direct BCO expansion amid competitive supply chain software market.
Shares Offered
6,400,000,000
Issuer Type
Shares Offered
3,750,000
Offering Amount
$15,000,000 gross ($12.61M net)
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 ($0.90M), Rikvin loan ($0.55M), director loan ($8.63M)
Gravity AI provides cloud-based SaaS platform for global supply chain visibility and execution through Singapore subsidiary Gravity SG, serving LSPs who white-label to end-customers.