0001601485-26-000035
SEC filingFY2025 was a transformative year for Elicio, marked by significant insider financing and conversion of debt to equity, but the company remains pre-revenue with ongoing operating losses.
Related party transactions were primarily with GKCC, the director-controlled entity, including the convertible note conversion and promissory note issuance. These transactions were conducted on terms that management believes are fair to the company, though they highlight the company's dependence on insider financing.