The Intellivision Amico’s wild journey as a doable online game console could quickly come to an finish, in accordance with monetary disclosures tucked into the corporate’s most up-to-date fundraising announcement.
On Monday, Intellivision Leisure Inc. started its fourth spherical of public prelaunch fundraising in lower than 4 years. The fundraising marketing campaign, which aspires to boost $5 million, consists of an SEC submitting that incorporates web page after web page of “danger components” for the corporate going ahead. Whereas such disclosures have a tendency to incorporate broad statements of potential danger components to cowl all foreseeable catastrophes, Intellivision’s submitting goes into brutal specifics in regards to the firm’s present debt—and suggests a transparent timeline for the sport console’s potential dissolution.
Particularly, the corporate tells buyers that it has “generated no revenues” since its formation in 2018, and its handlers predict Intellivision can solely function till July of this yr at its present zero-revenue tempo earlier than needing to drastically change course.
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