On September 12, 2020 the Company entered into a consultancy agreement with Joy Scott. IRVINE, Calif., Dec. 28, 2021 /PRNewswire/ -- GATC Health, a technology company revolutionizing drug discovery and disease prediction using artificial . The Convertible Debentures are mandatorily convertible into shares of Common Stock, together with accrued interest at 8% per annum, at the lesser of $1.875 per share or at a 25% discount to the price at which the Company effects a public offering under Regulation A, at the earliest to occur of (a) three years after issuance of each particular Convertible Debenture, or (b) at such time as the Company raises no less than $1 million in any offering (including this Offering) subsequent to the offering of the Convertible Debentures. Restrictions on Transfer: The Board of Directors may restrict the transfer of any of the Corporations Common Stock or any other securities which the Corporation may now or hereafter authorize to issue by giving the Corporation or any stockholder first right of refusal to purchase the stock, by making the stock redeemable or by restricting the transfer of the stock under such terms and in such manner as the directors may deem necessary and as are not inconsistent with the laws of the State of Wyoming. The Subscription Agreement includes a representation by the investor to the effect that, if you are not an accredited investor as defined under securities law, you are investing an amount that does not exceed the greater of 10% of your annual income or 10% of your net worth (excluding your principal residence). Our telephone number is (833) 333-GATC (4282) and our website is www.gatchealth.com. Special Rights: Shares of our Common Stock generally have no preemptive, appraisal, preferential exchange, conversion, sinking fund or redemption rights and are freely transferable, except where their transfer is restricted by federal and state securities laws, by contract or by the restrictions in our Amended and Restated Articles of Incorporation. He was Chief Technology Officer and Director at Frllii, Inc. from April 2019 to March, 2020. Cash management fee of 0.5% of funds processed (up to a maximum of $8,000). Each investor must represent in writing that he/she/it meets the applicable requirements set forth above and in the Subscription Agreement, including, among other things, that (i) he/she/it is purchasing the Common Stock for his/her/its own account and (ii) he/she/it has such knowledge and experience in financial and business matters that he/she/it is capable of evaluating without outside assistance the merits and risks of investing in the Common Stock, or he/she/it and his/her/its purchaser representative together have such knowledge and experience that they are capable of evaluating the merits and risks of investing in the Common Stock. Through GATC Canna, which is has some shareholders in common with us, we have developed an Engine to assist medical professionals in prescribing the appropriate cannabis-based medications. control share provisions that provide that holders of control shares of our Company (defined as shares which, when aggregated with other shares controlled by the stockholder, entitle the stockholder to exercise voting power in the election of directors within one of three increasing ranges) acquired in a control share acquisition (defined as the direct or indirect acquisition of ownership or control of issued and outstanding control shares, subject to certain exceptions) have no voting rights with respect to such shares except to the extent approved by our stockholders by the affirmative vote of at least a majority of all the votes entitled to be cast on the matter, excluding all interested shares. A total of 4,000,000 shares of Common Stock have been reserved under the Plan. Manhattan Street Capital is not participating as an underwriter and under no circumstance will it solicit any investment in the Company, recommend the Companys securities or provide investment advice to any prospective investor, or make any securities recommendations to investors. The Company loaned an additional $16,000 in November 2020 and $7,000 in December 2020. GATC's team's experience includes developing highly scalable and secure technology for the Dept of Defense, GrubHub, GoDaddy and IBM Watson. See Plan of Distribution and Selling Shareholders Online Platform. The total number of warrants and underlying shares of Common Stock issuable pursuant to clauses (2) and (3) above will not be determined until the offering is terminated. We currently have developed three customized genetic analysis Engines. Section 27 of the Exchange Act creates exclusive federal jurisdiction over all suits brought to enforce any duty or liability created by the Exchange Act or the rules and regulations thereunder. The following table sets out the Companys officers, directors and significant employees. The shares of Common Stock were valued at $.50 per share. The passage of GINA makes it illegal for health insurers or employers from requesting or requiring genetic information of an individual or of family members and further prohibits the discriminatory use of such information. The typical commercial analysis employed by most of our competitors then analyses from 400,000 to 650,000 genetic markersthose portions of the genome which have been determined, with varying levels of confidence, to have significance. Under this agreement, the Company is required to pay Frlli a 5% royalty on net sales. The Offering Circular will be furnished to prospective investors in this offering via download 24 hours a day, 7 days a week on the www.manhattanstreetcapital.com website. Manhattan Street Capital does not expressly or impliedly affirm the completeness or accuracy of the Form 1-A and/or Offering Circular presented to investors by the Company. Dilution means a reduction in value, control, or earnings of the shares the investor owns. There can be no assurance that the Company will ever have sufficient earnings to declare and pay dividends to the holders of our Common Stock, and in any event, a decision to declare and pay dividends is at the sole discretion of the Board. Mr. Stroh hold Series 7, 82TO, 24 and 63 securities licenses and has been a registered representative or principal of a registered firm since 1985. company profile page along with the rest of the general data. (1) The Company is offering up to 10,000,000 shares of Common Stock, plus up to 1,500,000 shares to be issued to investors who purchase 200,000 or more shares. IRVINE, Calif.-- ( BUSINESS WIRE )-- GATC Health, an innovative technology company focused on whole genome testing and Predictive Multiomics . WHEN USED IN THE OFFERING MATERIALS, THE WORDS ESTIMATE, PROJECT, BELIEVE, ANTICIPATE, INTEND, EXPECT AND SIMILAR EXPRESSIONS ARE INTENDED TO IDENTIFY FORWARD-LOOKING STATEMENTS, WHICH CONSTITUTE FORWARD-LOOKING STATEMENTS. The Company has adopted the provision to limit the time and expense incurred by its management to challenge any such claims. Any convertible preferred units would have, and any series or class of our preferred stock would likely have, a preference on distribution payments, periodically or upon liquidation, which could eliminate or otherwise limit our ability to make distributions to Common Stockholders. Obtain grants to assist research into diseases from which minority or underserved communities suffer. The Board of Directors is comprised of three members. (Source: Global Genetic Testing Market, Opportunities and Forecast, 2020-2027, by Allied Market Research). In the event of adverse capital and credit market conditions, we may not be able to obtain capital market financing on similar favorable terms, or at all, which could have a material adverse effect on our business and results of operations. GENERALLY, NO SALE MAY BE MADE TO YOU IN THIS OFFERING IF THE AGGREGATE PURCHASE PRICE YOU PAY IS MORE THAN 10% OF THE GREATER OF YOUR ANNUAL INCOME OR NET WORTH. The Company will pay MSC the following: A project management retainer fee: $5,000 USD paid monthly in advance for a 12-month, and the same value of ten-year cashless exercise warrants priced at the lowest price at which securities will be sold in the Offering. All subscribers will be instructed by the Company or its agents to transfer funds by wire or ACH, check, debit or credit card directly to the bank account established for this offering. We currently have limited revenues from operations. The following description summarizes important terms of the Companys capital stock. As of June 30, 2021, the Company has raised $3,398,337 in this private placement. In December 2019, a novel strain of coronavirus, or COVID-19, was reported to have surfaced in Wuhan, China. The ability of stockholders to control our policies and effect a change of control of our Company is limited by certain provisions of our Articles of Incorporation and bylaws and by Wyoming law. From May 2016 to May 2017, Mr. Mathur was a Strategic Advisor to Pegasus Capital Advisors in the health and wellness industry. For details of the effective discount, see Plan of Distribution and Selling Shareholders - Perks., Total Shares outstanding Prior to the Offering as of December 31, 2020, Net Tangible Book value as of December 31, 2020, Net Tangible Book value per share Prior to the Offering, Proforma outstanding Shares after Offering*, Proceed from the Offering (net of expenses), Proforma Net Tangible book value after Offering, Proforma Net tangible book value per share after Offering. GATC Health Corp. Irvine, CA. From March 2013 to January 2016, Mr. Stroh was CEO of Global Healthcare Advisors. an action, the Company may incur additional costs associated with resolving such matters in other jurisdictions, which could adversely affect its business, financial condition or results of operations. The Act also creates mechanisms to allow challenges to newly issued patents in the patent office in post-grant proceedings and new inter partes reexamination proceedings. We may not have sufficient management and financial resources to compete with all or even most of these specialized testing companies, and if appropriate, we may license our technology to them to increase market penetration in a short period of time. The Subscription Agreement has a forum selection provision that requires disputes be resolved in state or federal courts in the State of Wyoming, regardless of convenience or cost to you, the investor. View competitors, revenue, employees, website and phone number. GATC DB is required to fund all the costs of developing the Engine. Following completion of this Offering, the Board of Directors intends to recruit two highly-qualified individuals, preferably with public company experience, to fill the chief executive and chief financial officer positions.