AXY
Industry:
Commercial Services

DESCRIPTION

Wise Ocean Group is a newly incorporated California company (incorporated June 2024) that describes itself as a development platform for entrepreneurs, investors, government agencies, and non-profit organizations. The company's core business revolves around two loosely defined areas: business consulting and matchmaking, which connects entrepreneurs and businesses with partners, investors, and capital markets opportunities including IPO advisory across the U.S., Hong Kong, and mainland China; and catering and hospitality partnerships, which leverages the founding team's restaurant industry background to build a network of offline venues that serve as meeting and collaboration spaces. Wise Ocean's intended business model generates revenue through consulting and advisory fees, IPO and capital markets advisory, partnership facilitation, and potentially equity stakes in client companies. The company also describes a planned partnership with a U.S. health company to incorporate health technology services into its platform. Wise Ocean primarily targets clients in China seeking overseas opportunities, and vice versa. As of the filing, the company has generated little to no revenue, has no established revenue streams, and its financial statements had not been finalized. The company acknowledges substantial going concern doubt and dependence on IPO proceeds to fund operations. Wise Ocean is offering 4,000,000 shares at $5.00 per share, targeting a maximum raise of $20M, with no minimum offering amount required to close.

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