Form C-U — Offering Progress Update

United States Securities and Exchange Commission · EDGAR Accession 0001872856-25-000062

Qnetic Corp

CorporationDEIncorporated 2022NEW YORK, NYqnetic.energy

Progress updateThe Company is updating its Form C-U filing on May 2, 2025 to reflect total proceeds raised during the Offering period were $2,124,626.

The Offering

as disclosed in this filing

SecurityOther (Simple Agreement for Future Equity (SAFE))

Price$1.00

Target$50,000

Maximum$2,500,000

DeadlineApril 30, 2025

Expired 410 days ago

$0max $2,500,000

Target is 2% of the maximum. Over-subscriptions accepted.

Financial Condition

two fiscal years, as filed

Pre-revenueBurn increasingDebt / assets 155%10 employees

Line item	Most recent FY	Prior FY	Δ
Revenue	0	0	—
Cost of goods sold	0	0	—
Net income	(818,451)	(158,859)	▼ burn
Total assets	1,355,556	62,813	▲
Cash & equivalents	1,254,185	59,813	▲
Accounts receivable	0	0	—
Short-term debt	128,720	139,390	▼ 8%
Long-term debt	1,970,518	89,300	▲
Taxes paid	0	0	—

Figures in USD as reported by the issuer. Securities offered in all 50 states.

Campaign Timeline

file 020-34900 · all filings under this campaign

Loading campaign history…