Filed pursuant to Rule 253(g)(1)
File No. 024-11779
OFFERING CIRCULAR SUPPLEMENT NO. 1 DATED JANUARY 28, 2022
(TO THE OFFERING CIRCULAR DATED JANUARY 18, 2022 AND QUALIFIED ON JANUARY 27, 2022)
Xcelerate, Inc.
(Exact name of issuer as specified in its charter)
Florida
(State of other jurisdiction of incorporation or organization)
110 Renaissance Circle
Mauldin, SC 29662
(854)-900-2020
(Address, including zip code, and telephone number,
including area code of issuer's principal executive office)
Andrew I. Telsey, Esq.
Andrew I., Telsey P.C.
6198 So Moline Ct
Englewood, CO 80111
(303) 521-7447
(Name, address, including zip code, and telephone number,
including area code, of agent for service)
EXPLANATORY NOTE
This document (the "Supplement") supplements and should be read in conjunction with the offering circular of Xcelerate, Inc. (the "Company," "we," "us," or "our") dated January 18, 2022 and qualified by the Commission on January 27, 2022 ("Offering Circular").
The purpose of this Supplement is to disclose that we have determined to set the fixed offering price at $0.06 per share. We will have approximately 381,112,739 common shares issued and outstanding if we sell all of the shares we are offering at the offering price.
OFFERING CIRCULAR SUPPLEMENT DATED JANUARY 28, 2022
UP TO A MAXIMUM OF 20,000,000 SHARES OF COMMON STOCK
Price Per Share to Public | Underwriting discount and commissions | Proceeds to issuer | |
Common Stock | $0.06 | $0.0042 | Up to maximum of $1,000,000 |