About company
(Note: This is a unit offering. IPOScoop has No Call on this IPO because this is a micro-cap unit offering. The common stock will trade on the NASDAQ under the proposed symbol “DATS” and the warrants under the proposed symbol “DATSW”.)We are a communication software company. They believe that one’s right to privacy should not end the moment they click “send.” Their flagship product, DatChat Messenger & Private Social Network (the “Application”), is a mobile application that gives users the ability to communicate with privacy and protection. (DatChat was previously known as YssUp, Inc., when it was incorporated in Nevada on Dec. 4, 2014.)The Application allows users to exercise control over their messages, even after they are sent. Through the Application, users can delete messages that they have sent, on their own device and the recipient’s device as well. There is no set time limit within which they must exercise this choice. A user can elect at any time to delete a message that they previously sent to a recipient’s device.The Application also enables users to hide secret and encrypted messages behind a cover, which messages can only be unlocked by the recipient and which are automatically destroyed after a fixed number of views or fixed amount of time. Users can decide how long their messages last on the recipient’s device. The Application includes a screen shot protection system, which makes it virtually impossible for the recipient to screenshot a message or picture before it gets destroyed. In addition, users can delete entire conversations at any time, making it like the conversation never even happened.The Application integrates with iMessage, making private messages potentially available to hundreds of millions of users.Note: To date, they have no revenues. Since inception through March 31, 2021, they have recorded accumulated losses totaling $17,758,283.
Industry
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Telegraph & Other Message Communications
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