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UPCOMING IPO

Bitari Inc (BIAI)

This company has not started trading yet. The live 5-factor QL signal switches on automatically on its first session.

About Bitari Inc

We are a Texas-headquartered, digital infrastructure company focused on providing secure and efficient hosting and O&M services for Bitcoin mining operations. Leveraging our purpose-built and fully operated mining sites located in Wheeler, Texas, and Dumas, Texas, as well as a contracted mining site in Marion, Indiana, we have developed operational processes and service capabilities that have supported stable operations and consistent service delivery for our customers.

From Bitari Inc's Form S-1/A filed with the SEC on 2026-09-29. The issuer's own words — QuantLogix does not paraphrase it.

Industry
Commodity Contracts Brokers & Dealers
Headquarters
Wheeler, TX
Incorporated in
Texas
Fiscal year ends
December 31

The offering

Ticker
BIAI
Exchange
XNAS
Expected listing
2026-10-19in 10d
Expected price range
$7–$7
Deal size
$30M
gross proceeds
Shares offered
4,285,715
Share class
Technology

Financials, as filed

Revenue$11,289,803fiscal year ended July 31, 2025vs $11,847,442 · fiscal year ended July 31, 2024-4.7%

Figures as stated in the prospectus, not QuantLogix estimates. From Bitari Inc's Form S-1/A filed with the SEC on 2026-09-29.

Risks Bitari Inc flags in its own filing

The first 6 items of the issuer's “Summary of Risk Factors”, verbatim — the prospectus lists more. From Bitari Inc's Form S-1/A filed with the SEC on 2026-09-29.

QL Listing Score — the prospectus, scored

32/100
Distressed · high confidence
The evolution of the private-company QL Score at the point of listing: four evidence pillars read deterministically from the registration statement — growth, revenue quality, technology and risk — weights frozen per version (v1.1.0), pillars with no evidence excluded and reweighted, never defaulted.
Growth30
-4.7% filed revenue growth
Revenue quality42
31.8% gross margin stated
Technology41
technology-language density 1.6/10k words (lexical indicator, not a technical audit)
Risk21
material weakness in internal controls disclosed · dual-class share structure — public holders are outvoted · issuer will be a "controlled company" under exchange rules · revenue concentrated in a handful of customers · 6 related-party transaction mentions · lighter-than-typical hedging language
Foundationno evidence — excluded
✓ No going-concern doubt⚠ Material weakness in controls⚠ Dual-class shares — public holders outvoted⚠ Customer concentration disclosed◆ Emerging growth company (reduced disclosure)

From Bitari Inc's Form S-1/A filed with the SEC on 2026-09-29. Extraction is deterministic — the same filing always produces the same score; 489k characters of the document were scanned. Technology signals are lexical indicators, not a technical audit. Not investment advice; the debut itself will be this score's first grade.

Deal terms come from the public IPO calendar and change up to pricing — an expected date reads “to be announced” until the underwriters set it, and a range is not a final price. Implied market cap and float are arithmetic on those disclosed terms. Nothing on this page is a forecast or a recommendation.

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