Cashlin
Cashlin, a Wyoming SaaS company incorporated June 1, 2026, filed an S-1 to offer 10,000,000 common shares at $0.10 each on a best-efforts, self-underwritten basis with no minimum, no escrow, and immediate use of funds. The company has just 16 days of operating history — June 2026 revenue of $1,315 and net income of $711 from three 12-month customer contracts expiring June 2027. The two founders hold 15,000,000 shares acquired for $1,500 total and will control 60%–85.7% post-offering; new investors face immediate dilution of 63%–90%.
- 10M shares offered at $0.10 each, self-underwritten by two officers with no broker-dealer, no minimum, and no escrow — funds available to us
- Company has 16 days of operations (June 15–30, 2026): $1,315 revenue, $711 net income, three non-renewing 12-month contracts expiring June 2
- Founders hold 15M shares acquired for $1,500 total ($0.0001/share); new investors face 63%–90% immediate dilution depending on offering
- Principal asset acquired from CEO via $70,000 related-party promissory note with no independent appraisal; cash at June 30 was $3,181
- Material weakness in internal controls: two officers perform all functions with no segregation of duties, no independent directors, no audit
Price data unavailable.
This is a near-zero-operating-history IPO with extreme structural risks: self-underwriting, no escrow, immediate dilution up to 90%, related-party asset acquisition, and total dependence on two non-US
This is a micro-cap SaaS IPO with a single month of financials, fitting the pattern of early-stage OTC-bound offerings that rely on self-underwriting and carry extreme dilution risk for public investors.
Three non-renewing customer contracts represent 100% of revenue, expiring June 2027; loss of any one cuts revenue by one-third. The $70,000 related-party note exceeds cash resources ($3,181). Founder loan facility ($250,000 max, $3,000 drawn) is uncommitted and repayable on demand. UK-based officers
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