Medical 21, Inc. filed a Form S-1 registration statement for an initial public offering on 2026-02-19. It has amended it 2 times. As of its latest filing, on 2026-03-20, it has not priced the offering or withdrawn it. Each fact below is quoted from the filing named with it.
What the filings say
Use of proceeds
We intend to use the net proceeds from this offering for to complete a first -in-human clinical trial and begin an expanded feasibility study, continue animal studies, conduct regulatory activities, further develop our product, and for working capital and other general corporate purposes.From the S-1/A filed 2026-03-20
Net loss or income
For the year ended December 31, 2025, net cash used in operating activities was $3,761,214 primarily due to our net loss of $10,238,759 and changes in our operating assets and liabilities of $235,829, which was partially offset by non -cash expenses of $6,713,873.From the S-1/A filed 2026-03-20
Timeline
| Filed | What it is | Filing |
|---|---|---|
| 2026-02-19 | Registration statement filed | S-1 |
| 2026-03-12 | Registration statement amended | S-1/A |
| 2026-03-20 | Registration statement amended | S-1/A |
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Where this comes from
A company that wants to sell shares to the public in the United States files a registration statement with the SEC: Form S-1 for a US company, Form F-1 for a foreign one. It amends that statement as the figures and terms are filled in, usually adding the expected price range shortly before the offering. Once the offering is priced it files its final prospectus under Rule 424(b)(4). A company that decides not to go ahead can ask for the registration statement to be withdrawn on Form RW.
Every row on this page is one of those filings, linked to the filing itself. The facts are the company's own sentences, quoted from the filing named beside each one and never reworded; where no filing states a fact in a sentence that can be read exactly, this page leaves it out. A filing is the company's statement of its plans and its figures, not a verification of them, and nothing here is investment advice.