Leo Aerospace's original offering opened on January 24, 2018 and closed on May 29, 2018. The information on this page was accurate as of May 29, 2018. The most recent price per share on Netcapital is $4.44.

Leo Aerospace

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Best buy price

$0.01

Best sell price

$100.00

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Full bid-ask spread

Overview

Leo Aerospace is building a dedicated delivery service for CubeSats. Making it as easy to put a CubeSat into space as it is to ship a package across the country.

To achieve this, we’re developing a suite of launch services to reduce lead times by 10x. Opening access to any low earth orbit and providing high launch frequency to support the overwhelming demand. After a series of successful launch tests in 2018, we are poised to launch our first payload to space in 2020.

Existing launch services are not designed to support CubeSats. Moreover, in the next ten years, almost half of all satellites in development are projected to be CubeSats, totaling nearly 10,000.

Because there is no vehicle small enough to serve each company individually, they must rideshare, or hitchhike their way to space. Companies must schedule and place a down payment for launch two years in advance. On average, these launches slip an additional six months. Additionally, these companies only have a few orbits to choose from and must settle for non-optimal destinations or spend six more months moving to the correct orbit. Finally, there aren’t enough launch opportunities to go around.

Most CubeSats are sitting on the shelf, waiting for an opportunity to launch. A few lucky companies raise enough money to survive the incredible lead time and cost of deploying CubeSats. However, many other companies struggle to even get their CubeSats into space, and unfortunately some never come to fruition.

Leo Aerospace was founded with the mission to develop a launch vehicle for dedicated access to space for cubesats.

We firmly believe that these cubesats will define how humanity harnesses space to solve problems here on earth; thus, it is our core tenet that delivery of cubesats to space should be as easy for a customer as shipping a package across the country.

Leo Aerospace is on a journey to redefine the status quo for cubesat launch systems by forgoing ridesharing and promoting dedicated, single-customer launch.

Use of Proceeds

If the offering's maximum amount of $400,000 is raised:

UseValue% of Proceeds
Compensation for managers$50,00012.5%
Working Capital$285,30071.3%
Analysis Software$5,0001.3%
Prototyping$25,0006.3%
Travel$7,0001.8%
Office Space/Overhead$3,0000.8%
Miscellaneous$5,1001.3%

Terms

This is an offering of Membership Interest Units, under registration exemption 4(a)(6), in Leo Aerospace Inc.. This offering must raise at least $10,000 by May 29, 2018 at 4:00pm ET. If this offering doesn’t reach its target, then your money will be refunded. Leo Aerospace may issue additional securities to raise up to $400,000, the offering’s maximum.

$10,000 minimum
$221,463 raised

If the offering is successful at raising the maximum amount, then the company’s implied valuation after the offering (sometimes called its post-money valuation) will be:

940,211 units
×
$4.44 per unit
$4,174,537implied valuation

Financials

These financial statements have been reviewed by an independent Certified Public Accountant.

SEC Filings

The Offering Statement is a formal description of the company and this transaction. It’s filed with the SEC to comply with the requirements of exemption 4(a)(6) of the Securities Act of 1933.

We’re also required to share links to each of the SEC filings related to this offering with investors.

Updates

  • May 29, 2018
    Primary offering closed, selling 49,879 units
    Sold 49,879 units at $4.44 for a total of $221,462.76

Transactions

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*Some securities may only be transferred to accredited investors if issued within the past 365 days. Unaccredited investors are permitted to place bids, so some transfers may have yet to occur.
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Transaction Log

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Understand the Risks

Be sure to understand the risks of this type of investment. No regulatory body (not the SEC, not any state regulator) has passed upon the merits of or given its approval to the securities, the terms of the offering, or the accuracy or completeness of any offering materials or information posted herein. That’s typical for Regulation CF offerings like this one.

Neither Netcapital nor any of its directors, officers, employees, representatives, affiliates, or agents shall have any liability whatsoever arising from any error or incompleteness of fact or opinion in, or lack of care in the preparation or publication of, the materials and communication herein or the terms or valuation of any securities offering.

The information contained herein includes forward-looking statements. These statements relate to future events or to future financial performance, and involve known and unknown risks, uncertainties, and other factors, that may cause actual results to be materially different from any future results, levels of activity, performance, or achievements expressed or implied by these forward-looking statements. You should not place undue reliance on forward-looking statements since they involve known and unknown risks, uncertainties, and other factors, which are, in some cases, beyond the company’s control and which could, and likely will, materially affect actual results, levels of activity, performance, or achievements. Any forward-looking statement reflects the current views with respect to future events and is subject to these and other risks, uncertainties, and assumptions relating to operations, results of operations, growth strategy, and liquidity. No obligation exists to publicly update or revise these forward-looking statements for any reason, or to update the reasons actual results could differ materially from those anticipated in these forward-looking statements, even if new information becomes available in the future.

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