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UPCOMING IPO

Neo Aeronautics, Inc (NEOA)

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

About Neo Aeronautics, Inc

Our vision is to accelerate the Advanced Air Mobility ("AAM") market through the provision of "Safe, Reliable, and Sustainable" vertical takeoff and landing ("VTOL") services, products and solutions. We design and engineer electric and conventional Vertical TakeOff and Landing ("eVTOL and cVTOL") air vehicles and air vehicle platforms and their supporting systems and infrastructure that "conform to existing regulatory requirements " for a broad range of industries and applications, including passenger transportation for sports and recreational purposes, logistics and customized aerial vehicles solutions.

From Neo Aeronautics, Inc's Form S-1/A filed with the SEC on 2026-10-22. The issuer's own words — QuantLogix does not paraphrase it.

Industry
Search, Detection, Navigation, Guidance, Aeronautical Sys
Headquarters
Singapore

The offering

Ticker
NEOA
Exchange
XASE
Expected listing
To be announced
Expected price range
$4–$6
Deal size
$28M
gross proceeds
Shares offered
5,000,000
Share class
Industrials

Use of proceeds

We plan to use the net proceeds of this offering as follows: ● approximately 60% of the net proceeds for our PAV business which includes geographic expansion, investments in physical and IT infrastructure, and expansion of our sales team and marketing efforts; ● approximately 30% of the net proceeds for our LAV business which includes geographic expansion, expansion of our sales team and marketing efforts; and ● approximately 10% of the net proceeds for general working capital and other corporate purposes.

From Neo Aeronautics, Inc's Form S-1/A filed with the SEC on 2026-10-22. Quoted from the prospectus.

Financials, as filed

The audited financial statements for this issuer are in its Form S-1/A filed 2026-10-22. QuantLogix only publishes figures it can read directly from the filing.

Risks Neo Aeronautics, Inc flags in its own filing

The first 6 items of the issuer's “Summary of Risk Factors”, verbatim — the prospectus lists more. From Neo Aeronautics, Inc's Form S-1/A filed with the SEC on 2026-10-22.

QL Listing Score — the prospectus, scored

20/100
Distressed · low 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.
Growthno evidence — excluded
Revenue qualityno evidence — excluded
Technology58
technology-language density 5.9/10k words (lexical indicator, not a technical audit)
Risk5
auditor states substantial doubt about going concern · material weakness in internal controls disclosed · dual-class share structure — public holders are outvoted · issuer will be a "controlled company" under exchange rules · lighter-than-typical hedging language
Foundationno evidence — excluded
⚠ Going-concern doubt disclosed⚠ Material weakness in controls⚠ Dual-class shares — public holders outvoted✓ No customer-concentration flag◆ Emerging growth company (reduced disclosure)

From Neo Aeronautics, Inc's Form S-1/A filed with the SEC on 2026-10-22. Extraction is deterministic — the same filing always produces the same score; 373k 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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