MANGOCEUTICALS, INC.
Filed May 30, 2025.
View on SEC.govAbout this filing
A company's registration of shares for sale to the public, often for a first offering. It describes the business, its risks and how the company plans to use the money.
period unavailable · Filed May 30, 2025
Contents
Cover page
Show cover page
S-11 forms-1.htm S-1
As filed with the Securities and Exchange Commission on May 30, 2025
Registration No. 333-
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM S-1
REGISTRATION STATEMENT
UNDER
THE SECURITIES ACT OF 1933
(Exact Name of Registrant as Specified in Its Charter)
| Texas | 8099 | 87-3841292 |
|---|---|---|
| (State or other jurisdiction of incorporation or organization) | (Primary Standard Industrial Classification Code Number) | (I.R.S. Employer Identification Number) |
15110 N. Dallas Parkway, Suite 600
Dallas, Texas 75248
(214) 242-9619
(Address, including zip code, and telephone number, including area code, of registrant’s principal executive office)
Jacob D. Cohen
Chief Executive Officer
15110 N. Dallas Parkway, Suite 600
Dallas, Texas 75248
(214) 242-9619
(Name, address, including zip code, and telephone number, including area code, of agent for service)
Copies to:
Joseph M. Lucosky, Esq.
Steven Lipstein, Esq.
Lucosky Brookman LLP
101 Wood Avenue South, 5th Floor
Woodbridge, NJ 08830
(732) 395-4400
Approximate date of commencement of proposed sale to the public: As soon as practicable after the effective date of this registration statement.
If any of the securities being registered on this Form are to be offered on a delayed or continuous basis pursuant to Rule 415 under the Securities Act of 1933, check the following box.☒
If this Form is filed to register additional securities for an offering pursuant to Rule 462(b) under the Securities Act, check the following box and list the Securities Act registration statement number of the earlier effective registration statement for the same offering.☐
If this Form is a post-effective amendment filed pursuant to Rule 462(c) under the Securities Act, check the following box and list the Securities Act registration statement number of the earlier effective registration statement for the same offering.☐
If this Form is a post-effective amendment filed pursuant to Rule 462(d) under the Securities Act, check the following box and list the Securities Act registration statement number of the earlier effective registration statement for the same offering.☐
Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, a smaller reporting company or an emerging growth company. See the definitions of “large accelerated filer,” “accelerated filer”, “smaller reporting company” and “emerging growth company” in Rule 12b-2 of the Exchange Act.
| Large accelerated filer ☐ | Accelerated filer ☐ |
|---|---|
| Non-accelerated filer ☒ | Smaller reporting company ☒ |
| Emerging growth company ☒ |
If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 7(a)(2)(B) of the Securities Act.☐
The Registrant hereby amends this registration statement on such date or dates as may be necessary to delay its effective date until the Registrant shall file a further amendment which specifically states that this registration statement shall thereafter become effective in accordance with Section 8(a) of the Securities Act of 1933, as amended, or until the registration statement shall become effective on such date as the Commission, acting pursuant to such Section 8(a), may determine.
The information in this preliminary prospectus is not complete and may be changed. These securities may not be sold until the registration statement filed with the Securities and Exchange Commission is effective. This preliminary prospectus is not an offer to sell these securities and we are not soliciting an offer to buy these securities in any jurisdiction where the offer or sale is not permitted.
| PROSPECTUS | SUBJECT TO COMPLETION, DATED MAY 30, 2025 |
|---|
4,461,718** Shares of Common Stock**
We are registering (a) already issued shares of common stock to permit the resale of these shares of common stock by the holders of the common stock from time to time after the date of this prospectus and (b) shares of common stock to be issued to permit the resale of these shares of common stock, after they are issued, by the holders of the common stock from time to time after the date of this prospectus. We will not receive any of the proceeds from the sale by the selling stockholders of the shares of common stock. Any proceeds received by the Company from the exercise of common stock purchase warrants will be used for general working capital.
The selling stockholders named in this prospectus may offer and sell, from time to time, in one or more offerings, up to an aggregate of 4,461,718 shares of common stock, par value $0.0001 per share (the “Common Stock”) consisting of: (i) 1,960,709 shares of Common Stock issuable upon exercise of warrants (with 1,650,000 at an exercise price of $1.50 per share; 275,482 at an exercise price of $1.815 per share, and; 35,227 at an exercise price of $3.00 per share (the “Warrants”)), (ii) 476,667 shares of Common Stock issuable upon conversion of 650 shares of Series B Convertible Preferred Stock (the “Series B Preferred Stock”) with each share having a stated value of $1,100 and having a conversion price of $1.50 per share; (iii) 393,333 shares of Common Stock issuable upon conversion of the $500,000 Amended and Restated Convertible Promissory Note dated May 27, 2025 with an effective date as of April 15, 2025 with a fixed conversion price of $1.50 per share (the “Note”); and (iv) 1,631,009 already issued shares of Common Stock comprised of (a) 550,000 shares of Common Stock issued upon conversion of 750 shares of Series B Preferred Stock; (b) 376,009 shares of Common Stock issued to certain institutional accredited investors (with 70,000 shares purchased at a price per share of $1.50; 70,454 shares purchased at a price per share of $1.65; 155,555 shares purchased at a price per share of $2.25; and 80,000 shares purchased at a price per share of $2.50); (c) 100,000 shares of Common Stock issued upon conversion of a $150,000 convertible promissory note dated December 13, 2024 and converted into shares of Common Stock on January 15, 2025 at a price per share of $1.50; and (d) 605,000 shares of Common Stock beneficially owned by Jacob Cohen, our Chairman and Chief Executive Officer.
We will receive proceeds from any exercise of the Warrants, however, there is no guarantee that any Warrants will be exercised. The shares of Common Stock may be sold publicly or through private transactions by the selling stockholders at prevailing market prices or at negotiated prices at the times of sale. The shares of Common Stock may be offered by the selling stockholders to or through underwriters, dealers or other agents, directly to investors or through any other manner permitted by law, on a continued or delayed basis. We provide more information about how the selling stockholders may sell or otherwise dispose of the shares of Common Stock in the section entitled “Plan of Distribution” beginning on page 148 of this prospectus.
We are not selling any shares of Common Stock in this offering, and we will not receive any proceeds from the sale of shares by the selling stockholders. The registration of the securities covered by this prospectus does not necessarily mean that any of these securities will be offered or sold by the selling stockholders. The timing and amount of any sale is within the respective selling stockholders’ sole discretion, subject to certain restrictions. To the extent that any selling stockholder resells any securities, the selling stockholder may be required to provide you with this prospectus identifying and containing specific information about the selling stockholder and the terms of the securities being offered.
To the extent required by the U.S. Securities Act of 1933, as amended (the “Securities Act”) and the rules and regulations thereunder, the selling stockholders and any broker-dealer participating in the distribution of the shares of Common Stock may be deemed to be “underwriters” within the meaning of the Securities Act, and any commission paid, or any discounts or concessions allowed to, any such broker-dealer may be deemed to be underwriting commissions or discounts under the Securities Act.
Our Common Stock is listed on the Nasdaq Capital Market (“Nasdaq”) under the symbol “MGRX”. On May 27, 2025, the last sale price per share of the Common Stock as reported on Nasdaq was $1.89.
We are an “emerging growth company” as defined in the federal securities laws and, as a result, have elected to comply with certain reduced public company disclosure and reporting requirements.
Investing in our common stock involves risks that are described in the “Risk Factors” section in any other annual, periodic or current report.
Neither the Securities and Exchange Commission nor any state securities commission has approved or disapproved of these securities or determined if this prospectus is truthful or complete. Any representation to the contrary is a criminal offense.
The date of this prospectus is May [ ], 2025
TABLE OF CONTENTS
| Page | |
|---|---|
| ABOUT THIS PROSPECTUS | ii |
| CAUTIONARY STATEMENT REGARDING FORWARD-LOOKING STATEMENTS | iii |
| PROSPECTUS Summary | 1 |
| RISK FACTORS | 32 |
| UsE of PROCEEDS | 68 |
| DIVIDEND POLICY | 68 |
| MANAGEMENT’S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION RESULTS OF OPERATIONS | 69 |
| BUSINESS | 79 |
| DETERMINATION OF OFFERING PRICE | 102 |
| MARKET PRICE OF COMMON STOCK AND RELATED STOCKHOLDER MATTERS | 103 |
| Security Ownership of Certain Beneficial Owners and Management | 103 |
| MANAGEMENT | 105 |
| EXECUTIVE COMPENSATION | 114 |
| Certain Relationships and Related Party Transactions | 131 |
| SELLING STOCKHOLDERS | 140 |
| Description of Capital Stock | 142 |
| MATERIAL U.S. FEDERAL INCOME TAX CONSEQUENCES FOR NON-U.S. HOLDERS OF COMMON STOCK | 146 |
| PLAN OF DISTRIBUTION | 148 |
| Legal Matters | 149 |
| Experts | 149 |
| INCORPORATION OF CERTAIN INFORMATION BY REFERENCE | 150 |
| Where You Can Find More Information | 150 |
i
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.