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Security Type
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Common Stock
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Categories
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Retail, Technology
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Min Investment
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$101
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Offering Date
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September 24, 2021
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Expected Close Date
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March 23, 2022
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Target Raise
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$10.00K-$1.07M
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No. Investors
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45
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Security Price
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$1.95
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Valuation
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$50,000,000
- Number of Employees
- 22
- Cash
- $5,166
- Revenue
- $0
- Short Term Debt
- $19,213
- Cost of Goods
- $0
- Long Term Debt
- $153,523
- Net Income
- $-131,707
Company Description
iNitrile is the creator of an innovative glove dispensing machine that eliminates the risk of viral contamination, streamlines processes, and minimizes product waste. Scan your RFID badge, disinfect your hand, insert it in the machine and you are good to go! It is that simple. We thrive to overcome challenges by inventing revolutionary technologies. Our approach is focused on safety, automation, and inventory optimization while improving the user experience accessing and utilizing disposable gloves.
Key Deal Facts
The global personal protective equipment market is expected to reach $123.38 billion by 2027 registering a CAGR of 9.6%.
The sky-high freight prices, strict FDA inspection guidelines for PPE cargo, and other political sanctions have caused a huge shortage of PPE products, especially gloves. The need for domestic production of PPE is more urgent than ever.
iNitrile glove dispenser technology will allow the company to secure a large market share versus other factory plants that can only offer the production of nitrile gloves.
Management Team / Advisory Board Bios
Dimitri Menin, Co-Founder, President, and Director
Menin has 12 years of experience in multimillion-dollar businesses, including the food and retail industries.
Jad Shraim, Co-Founder, CFO, and Director
Jad Shraim is the Co-Founder and Chief Financial Officer of Texas Medical Manufacturing, LLC and iNitrile, Inc.
Omri Shafran, CEO and Director
Shafran is a Harvard graduate and ex-Navy SEAL. He has extensive experience in managing multimillion-dollar companies.