Airspace Experience Technologies (ASX)

Next-gen urban transport | Electric Vertical-Takeoff and Landing Aircraft

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Form C
View on Republic
Security Type
Crowd SAFE
Min Investment
$250
Location
DETROIT, MI
Offering Date
September 13, 2022
Expected Close Date
April 30, 2023
Target Raise
$25.00K-$618.00K
No. Investors
255
Security Price
$1
Website
iflyasx.com
Number of Employees
6
Cash
$553,621
Revenue
$0
Short Term Debt
$123,597
Cost of Goods
$0
Long Term Debt
$2,089,122
Net Income
$-1,418,948

Company Description

by elevating cargo & commuters to the sky.

Perks

Reserve
$250
Receive
Sigma-6 Stickers

Reserve
$500
Receive
Get a Sigma-6 Sticker Signed by the CEO

Reserve
$500
Receive
A signed Sigma-6 Sticker and T-shirt
Limited (1000 left of 1000)

Reserve
$1,000
Receive
A signed Sigma-6 Sticker, T-Shirt and join a quarterly call with the CEO.

Key Deal Facts

ASX Sigma-Six: World's first advanced air utility vehicle
Modular design: Swappable payload | Reduced downtime | Uses helipads
Collapses for easy shipment & storage
Air Mobility as a Service, with 100 revenue-generating aircraft by 2025
Established 2017, based at Detroit International Airport

Management Team / Advisory Board Bios

Tim Paolini
Chief Commercial Officer

Juli Suarez
Office Manager

Gregg Peterson
Chief Engineer

Conor Hughes
Flight Controls and Propulsion Systems

Adit Ajikumar
Lead Mechanical & Systems Engineer

Camilo Pardo
Senior Designer

Collin Gillespie
Systems Integration / Flight Operations

Leland Kornhaus
High Voltage Architect

Evan Aud
Industrial Designer

Walton Fehr
V2V UTM Architect

Eddy Rimanelli
Marketing

Melissa Roy
PR/Commnications

Calvin Riley
Social Media / Marketing
Amount Raised : $161,877
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Business Idea
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Business Traction
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The experience of the management team in running, scaling and/or exiting a business that required similar skills to execute the business plan.
Management Team
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The value of the company compared to similar companies raising money from investors.
Valuation

Security Description

An equity crowdfunding specific version of a SAFE used by crowdfunding portal Republic. Upon conversion (if and when that happens), investors may receive special shares with limited rights that do not show up on a company’s cap table. The issuer may roll over and not convert shares at the next financing round causing investors to lose out on some upside.

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