Overview

Born, Inc. (formerly known as Quture International, Inc.) is a Nevada corporation that was formed in April 2011 to become an emerging healthcare knowledge solution company. The company developed medical software with tools and analytics intended to reduce costs while improving clinical performance, outcomes, predictive insight, and evidence-based best clinical processes.

The company went through several changes in ownership and leadership between 2011 and 2020. In September 2020, FiveT Capital Holding AG became the controlling shareholder after acquiring a 50.2% stake in the company. In November 2020, the company changed its name to Born, Inc. and conducted a 1-for-1,000 reverse stock split.

In February 2021, Born, Inc. entered into a share exchange agreement with Alkeon Creators, Inc., a UK corporation, in which Alkeon became the accounting acquirer. However, this transaction was later voided and written off, leaving Born, Inc. as a dormant shell company from February 2021 through July 2023.

Plan of Operation

As of the date of the report, Born, Inc. has no operations or revenue and is currently in the process of developing a new business plan. Management intends to explore and identify viable business opportunities within the U.S., including seeking to acquire a business through a reverse merger, asset purchase, or similar transaction.

The company does not currently engage in any revenue-generating business activities. During the next 12 months, the company anticipates incurring costs related to investigating, evaluating, and negotiating potential business combinations, as well as filing SEC reports and consummating an acquisition.

Given its limited capital resources, Born, Inc. may consider a business combination with an entity that has recently commenced operations, is a developing company, or is in need of additional funds for development or expansion. The company’s management believes that finding a suitable business combination will be a complex and risk-prone process due to current economic conditions and competition.

The company does not have sufficient working capital to fund its operations over the next 12 months. If it is able to close a reverse merger, it is likely that additional capital will be required as a condition of closing the acquisition. Further issuances of equity or convertible debt securities will result in dilution to the current shareholders.

Off-Balance Sheet Arrangements

Born, Inc. does not have any off-balance sheet arrangements that have or are reasonably likely to have a current or future effect on its financial condition, changes in financial condition, revenues or expenses, results of operations, liquidity, capital expenditures, or capital resources that are material to investors.

Going Concern

The independent registered public accounting firm’s report accompanying Born, Inc.’s December 31, 2023 and December 31,2022 financial statements contained an explanatory paragraph expressing substantial doubt about the company’s ability to continue as a going concern. The financial statements have been prepared assuming that the company will continue as a going concern, which contemplates that it will realize its assets and satisfy its liabilities and commitments in the ordinary course of business.