VIDA Global (VIDA) Registration filing summary

Company overview and business model

• Operates a cloud-based AI agent OS enabling enterprises, service providers, and vendors to deploy, manage, and scale omnichannel AI agents for business communications and workflow automation.

• Focuses on channel-led distribution, embedding agents into existing systems via MSPs, SaaS vendors, and telecom partners, with direct sales to large enterprises.

• Agents automate tasks such as call handling, lead qualification, scheduling, CRM updates, and payment initiation, integrating with CRMs, telephony, and business tools.

• Platform features include multi-LLM orchestration, compliance controls, observability, usage-based billing, and white-label support for partners.

• Business model is usage-based, aligning costs with minutes, messages, and completed actions, rather than seat licenses.

Financial performance and metrics

• 2025 revenue was $551,383, up 3,729% from $14,402 in 2024, driven by increased partner and enterprise adoption.

• Operating loss for 2025 was $2,876,102, compared to $1,276,881 in 2024, reflecting investment in growth.

• Net loss for 2025 was $2,897,803, with a basic and diluted loss per share of $2.76.

• Cash at year-end 2025 was $2.3 million, bitcoin holdings $1.0 million, and working capital $2.4 million.

• Two customers accounted for 43% of 2025 revenue, indicating customer concentration risk.

Use of proceeds and capital allocation

• Net proceeds of approximately $13.3 million ($15.5 million if over-allotment is exercised) expected at $4.75/share IPO price.

• Proceeds will be used for general corporate purposes, working capital, and operating expenses; potential for acquisitions or investments, though no current commitments.

• Management has broad discretion over use of funds; excess proceeds may be invested in short-term, investment-grade securities.