Pitch Deck
Financials
Kwilith’s official name is Thoughtstorm, so that’s the name that appears in the statements below.
These financial statements have been audited by an independent Certified Public Accountant.
Understand the Risks
Be sure to understand the risks of this type of investment. No regulatory body (not the SEC, not any state regulator) has passed upon the merits of or given its approval to the securities, the terms of the offering, or the accuracy or completeness of any offering materials or information posted herein. That’s typical for Reg A+ offerings like this one.
Investing in private companies involves significant risks, including the potential loss of your entire investment. Before making an investment decision, you should carefully review the Risk Factors section of the company’s offering circular, which provides important information about the specific risks associated with this investment. The offering circular can be found on this page or through the SEC’s EDGAR database. You should also consider your personal financial situation and consult with a financial professional before investing.
This offering is being conducted under Tier 2 of Regulation A. The securities offered are not registered with or approved by the U.S. Securities and Exchange Commission (“SEC”), nor has the SEC passed upon the merits of these securities or the accuracy of the offering materials. Investing in these securities involves risks, and prospective investors should carefully review the offering documents and consult with their own financial and legal advisors before making an investment decision. This offering is subject to applicable laws and regulations, and the outcome is not guaranteed.
Netcapital Securities Inc. (“Netcapital”) has been engaged by the Company as a broker-dealer to assist with the distribution of securities. However, Netcapital is not recommending, endorsing, or otherwise passing judgment on the merits of the Company or the securities offered. Potential investors should conduct their own due diligence before making any investment decisions.
These offering materials contain forward-looking information and estimates based on current expectations, projections, and assumptions. Such statements involve risks and uncertainties that could cause actual market conditions, investment opportunities, or financial results to differ materially from those expressed or implied. There is no assurance that any projected market outcomes or anticipated benefits from Algernon’s DMT research program will be realized.
Dimethyltryptamine (“DMT”) is classified as a Schedule I controlled substance under U.S. federal law. Substances in this category are defined as having a high potential for abuse, no currently accepted medical use in treatment, and a lack of accepted safety for use under medical supervision. The possession, use, or distribution of Schedule I substances is illegal under federal law and may carry significant legal penalties, including fines and imprisonment. Additionally, the use of such substances may pose serious health risks.
The results of the clinical trials referenced herein are specific to the study conditions, population, and methods employed. Individual outcomes may vary, and these findings should not be interpreted as guaranteed results for all patients or in all circumstances.
There is no guarantee that the Company will complete an IPO or list on NASDAQ. The timing, success, and terms of any potential offering are subject to market conditions, regulatory approvals, and other factors beyond the Company’s control.
This communication does not constitute an offer to sell or a solicitation of an offer to buy any securities in any jurisdiction where such an offer or solicitation would be unlawful.
The securities offered in this offering have not been approved or disapproved by the U.S. Securities and Exchange Commission (SEC) or any state securities regulator.
The securities offered are available only to qualified investors, in compliance with applicable laws and regulations under Regulation A.
Investors are solely responsible for conducting their own research, reviewing the terms of the offering, and determining the suitability of the investment.
Past performance is not indicative of future results. Historical financial performance and returns should not be used to predict future outcomes.
Securities offered under Reg A are highly illiquid, meaning they may not have a readily available market for resale. An investor could be unable to liquidate their position unless an active market develops.
No investment commitments or funds are accepted until the offering statement is qualified and declared effective by the SEC.
The issuer has engaged Netcapital Securities Inc., a broker-dealer registered with the SEC and member of FINRA, to assist with the distribution of securities in connection with this offering. However, the broker-dealer is not recommending, endorsing, or making any judgment about the merits of the securities or the offering. Additionally, the broker-dealer was not involved in the structuring of this offering. The role of the broker-dealer is limited to facilitating the distribution of securities and providing transactional services as required by applicable laws and regulatory guidelines. Investors should independently review all offering materials and perform their own due diligence before making an investment decision. The broker-dealer does not provide financial, tax, or legal advice related to this offering or the securities being offered.
All funds are held in escrow until the specified conditions of disbursement are met. These conditions are defined in the offering terms and must be fulfilled before funds are released. The escrow agent is responsible for ensuring these conditions are satisfied in accordance with applicable laws and the agreement terms. Investors should be aware that until the conditions are met, their investment funds will remain securely held in escrow, and no disbursement will occur. This mechanism is intended to protect investor funds and ensure compliance with regulatory and contractual obligations. Investors are encouraged to review the terms and conditions carefully to understand the disbursement requirements.
The issuer has engaged a third-party transfer agent to manage the administrative functions related to the securities offered. The transfer agent’s role includes maintaining official records of securities ownership, processing transactions related to the purchase, sale, or transfer of securities, and facilitating compliance with regulatory requirements. The transfer agent acts independently from the issuer to provide a secure and accurate record-keeping system and to facilitate transparency and investor protection.
Neither Netcapital nor any of its directors, officers, employees, representatives, affiliates, or agents shall have any liability whatsoever arising from any error or incompleteness of fact or opinion in, or lack of care in the preparation or publication of, the materials and communication herein or the terms or valuation of any securities offering.
The information contained herein includes forward-looking statements. These statements relate to future events or to future financial performance, and involve known and unknown risks, uncertainties, and other factors, that may cause actual results to be materially different from any future results, levels of activity, performance, or achievements expressed or implied by these forward-looking statements. You should not place undue reliance on forward-looking statements since they involve known and unknown risks, uncertainties, and other factors, which are, in some cases, beyond the company’s control and which could, and likely will, materially affect actual results, levels of activity, performance, or achievements. Any forward-looking statement reflects the current views with respect to future events and is subject to these and other risks, uncertainties, and assumptions relating to operations, results of operations, growth strategy, and liquidity. No obligation exists to publicly update or revise these forward-looking statements for any reason, or to update the reasons actual results could differ materially from those anticipated in these forward-looking statements, even if new information becomes available in the future.
More Info
Updates
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