Parallel Flight Technologies

Saving lives, property, and the environment

Security Type: Equity
Categories: Technology, Agriculture
Min Investment: $490
Location: LA SELVA BEACH, CA
Offering Date: October 10, 2019
Expected Close Date: May 17, 2023
Target Raise: $10.00K-$3.70M
No. Investors: 318
Security Price: $10
Deal Notes: Security Name: Class A Common Stock
$1.40 per share
Valuation: $82,358,840
Website: parallelflight.com

Number of Employees: 14
Cash: $1,056,902
Revenue: $292,599
Short Term Debt: $469,562
Cost of Goods: $0
Long Term Debt: $123,764
Net Income: $-2,704,598

Company Description

We’ve created patent-pending drone technology that will allow drones to carry heavy payloads for over two hours. This will make it ideal for use in fighting wildfires, search and rescue, and logistics missions. Our unmanned, autonomous aircraft open new possibilities for the safety of first responders and many other commercial applications.

Deal Notes

Security Name: Class A Common Stock

$1.40 per share

Amount Raised : $608,919

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