We design, develop, manufacture and sell high performance enhancements to vehicles built from base chassis’ of Ford Mustangs, Chevrolet Camaros, Dodge Challengers and Tesla Model S vehicles. We are a low volume specialist vehicle design, engineering and manufacturing company focusing on the mass customization (the process of customizing automobiles that are mass produced by manufacturers (Ford, Chevrolet, Dodge and Tesla)) of OEM American sports and electric vehicles and the production of high performance USA-engineered sports cars. Saleen-branded products include a line of high performance and upgraded muscle and electric cars, automotive aftermarket specialty parts and lifestyle accessories. A high performance car is an automobile that is designed and constructed specifically for speed. The design and construction of a high performance car involves not only providing a capable power train but also providing the handling and braking systems to support it. Muscle cars are any of a group of American-made 2-door sports coupes with powerful engines designed for high performance driving. We are also planning to develop an American supercar. The term supercar describes an expensive (approximately $250,000 or more), limited production, fast or powerful (capable of reaching speeds in excess of 180 miles per hour) sports car with a centrally located engine.
Company profile
Ticker
SLNN
Exchange
Employees
Incorporated
Location
Fiscal year end
Industry (SIC)
Former names
W270, INC.
SEC CIK
Corporate docs
IRS number
452808694
Latest filings (excl ownership)
C-U
Progress update (crowdfunding)
13 Oct 23
C/A
Crowdfunding $15.00 k to $1.24 mm in Common Stock
5 Sep 23
C
Offering statement (crowdfunding)
10 Jul 23
1-U
Current report (pursuant to Regulation A)
29 Jul 22
253G2
Offering circular supplement
1 Apr 22
QUALIF
Notice of qualification
1 Apr 22
CORRESP
Correspondence with SEC
29 Mar 22
1-A/A
Offering $30M in Equity
22 Mar 22
UPLOAD
Letter from SEC
3 Jan 22
1-A
Offering $30M in Equity
21 Dec 21
Latest ownership filings
SC 13D
Saleen Automotive, Inc.
21 Nov 19
3
Lawrence Balingit
18 Nov 19
3
Initial statement of insider ownership
16 Apr 19
3
Michael R. Deschenes
10 Apr 19
3
Steve Saleen
10 Apr 19
3
Jeffrey J Kraws
10 Apr 19
3
Amy Smith Boylan
10 Apr 19
3
Initial statement of insider ownership
9 Apr 19
3
JOSEPH J BIANCO
21 Mar 17
4
Steve Saleen
17 Jun 15
Financial summary
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Annual (USD) | Mar 19 | Mar 15 | Mar 14 | Mar 13 | |
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Diluted EPS |
Cash burn rate (est.) | Burn method: Change in cash | Burn method: Operating income | Burn method: FCF (opex + capex) | Last Q | Avg 4Q | Last Q | Avg 4Q | Last Q | Avg 4Q |
---|---|---|---|---|---|---|
Cash on hand (at last report) | 692.51 k | 692.51 k | 692.51 k | 692.51 k | 692.51 k | 692.51 k |
Cash burn (monthly) | 1.15 mm | (no burn) | (no burn) | (no burn) | 1.05 mm | 19.78 k |
Cash used (since last report) | 58.73 mm | n/a | n/a | n/a | 53.69 mm | 1.01 mm |
Cash remaining | -58.04 mm | n/a | n/a | n/a | -52.99 mm | -314.86 k |
Runway (months of cash) | -50.3 | n/a | n/a | n/a | -50.3 | -15.9 |