o None
Entity Type
0001533743
Heatwurx, Inc.
 
x Corporation
o Limited Partnership
o Limited Liability Company
o General Partnership
o Business Trust
o Other
Name of Issuer
 Processa Pharmaceuticals, Inc.
Jurisdiction of Incorporation/Organization
DELAWARE
 
Year of Incorporation/Organization
  x Over Five Years Ago
  o Within Last Five Years (Specify Year)  
  o Yet to Be Formed  



2. Principal Place of Business and Contact Information
Name of Issuer  
 Processa Pharmaceuticals, Inc.  
Street Address 1 Street Address 2
 7380 COCA COLA DRIVE  SUITE 106
City State/Province/Country ZIP/Postal Code Phone No. of Issuer
 HANOVER  MARYLAND  21076  443-776-3133 



3. Related Persons
Last Name First Name Middle Name
Young David
Street Address 1 Street Address 2
7380 Coca Cola Drive Suite 106
City State/Province/Country ZIP/Postal Code
Hanover MARYLAND 21076
Relationship: x Executive Officer x Director o Promoter
Clarification of Response (if Necessary)
   

Last Name First Name Middle Name
Lin Patrick
Street Address 1 Street Address 2
7380 Coca Cola Drive Suite 106
City State/Province/Country ZIP/Postal Code
Hanover MARYLAND 21076
Relationship: x Executive Officer o Director o Promoter
Clarification of Response (if Necessary)
   

Last Name First Name Middle Name
Yorke Justin W.
Street Address 1 Street Address 2
7380 Coca Cola Drive Suite 106
City State/Province/Country ZIP/Postal Code
Hanover MARYLAND 21076
Relationship: o Executive Officer x Director o Promoter
Clarification of Response (if Necessary)
   

Last Name First Name Middle Name
Thompson Virgil
Street Address 1 Street Address 2
7380 Coca Cola Drive Suite 106
City State/Province/Country ZIP/Postal Code
Hanover MARYLAND 21076
Relationship: o Executive Officer x Director o Promoter
Clarification of Response (if Necessary)
   

 
Last Name First Name Middle Name
Bigora Sian
Street Address 1 Street Address 2
7380 Coca Cola Drive Suite 106
City State/Province/Country ZIP/Postal Code
Hanover MARYLAND 21076
Relationship: x Executive Officer o Director o Promoter
Clarification of Response (if Necessary)
   

Last Name First Name Middle Name
Guy Wendy
Street Address 1 Street Address 2
7380 Coca Cola Drive Suite 106
City State/Province/Country ZIP/Postal Code
Hanover MARYLAND 21076
Relationship: x Executive Officer o Director o Promoter
Clarification of Response (if Necessary)
   

Last Name First Name Middle Name
Islam Khalid
Street Address 1 Street Address 2
7380 Coca Cola Drive Suite 106
City State/Province/Country ZIP/Postal Code
Hanover MARYLAND 21076
Relationship: o Executive Officer x Director o Promoter
Clarification of Response (if Necessary)
   

Last Name First Name Middle Name
Pannu Geraldine
Street Address 1 Street Address 2
7380 Coca Cola Drive Suite 106
City State/Province/Country ZIP/Postal Code
Hanover MARYLAND 21076
Relationship: o Executive Officer x Director o Promoter
Clarification of Response (if Necessary)
   

 
Last Name First Name Middle Name
Stanker James
Street Address 1 Street Address 2
7380 Coca Cola Drive Suite 106
City State/Province/Country ZIP/Postal Code
Hanover MARYLAND 21076
Relationship: x Executive Officer o Director o Promoter
Clarification of Response (if Necessary)
   

Last Name First Name Middle Name
Floyd Michael
Street Address 1 Street Address 2
7380 Coca Cola Drive Suite 106
City State/Province/Country ZIP/Postal Code
Hanover MARYLAND 21076
Relationship: x Executive Officer o Director o Promoter
Clarification of Response (if Necessary)
   

 


4. Industry Group
o Agriculture   Health Care o Retailing
  Banking & Financial Services   o Biotechnology o Restaurants
  o Commercial Banking   o Health Insurance   Technology
  o Insurance   o Hospitals & Physicians   o Computers
  o Investing   x Pharmaceuticals   o Telecommunications
  o Investment Banking   o Other Health Care   o Other Technology
  o Pooled Investment Fund

        Travel
  o Other Banking & Financial Services o Manufacturing   o Airlines & Airports
  Real Estate   o Lodging & Conventions
  o Commercial   o Tourism & Travel Services
  o Construction   o Other Travel
  o REITS & Finance o Other
  o Residential  
  o Other Real Estate  
o Business Services  
  Energy  
  o Coal Mining  
  o Electric Utilities  
  o Energy Conservation  
  o Environmental Services  
  o Oil & Gas  
  o Other Energy  


5. Issuer Size
Revenue Range Aggregate Net Asset Value Range
o No Revenues o No Aggregate Net Asset Value
o $1 - $1,000,000 o $1 - $5,000,000
o $1,000,001 - $5,000,000 o $5,000,001 - $25,000,000
o $5,000,001 - $25,000,000 o $25,000,001 - $50,000,000
o $25,000,001 - $100,000,000 o $50,000,001 - $100,000,000
o Over $100,000,000 o Over $100,000,000
x Decline to Disclose o Decline to Disclose
o Not Applicable o Not Applicable


6. Federal Exemption(s) and Exclusion(s) Claimed (select all that apply)
o Rule 504(b)(1) (not (i), (ii) or (iii)) o Rule 505
o Rule 504 (b)(1)(i) x Rule 506(b)
o Rule 504 (b)(1)(ii) o Rule 506(c)
o Rule 504 (b)(1)(iii) o Securities Act Section 4(a)(5)
  o Investment Company Act Section 3(c)

7. Type of Filing
x New Notice Date of First Sale  2021-02-16 o First Sale Yet to Occur
o Amendment

8. Duration of Offering
Does the Issuer intend this offering to last more than one year? o Yes x No

9. Type(s) of Securities Offered (select all that apply)
o Pooled Investment Fund Interests x Equity
o Tenant-in-Common Securities o Debt
o Mineral Property Securities x Option, Warrant or Other Right to Acquire Another Security
o Security to be Acquired Upon Exercise of Option, Warrant or Other Right to Acquire Security o Other (describe)
   


10. Business Combination Transaction
Is this offering being made in connection with a business combination transaction, such as a merger, acquisition or exchange offer? o Yes x No
 
Clarification of Response (if Necessary)  
  

11. Minimum Investment
Minimum investment accepted from any outside investor $ 0 USD

12. Sales Compensation
Recipient Recipient CRD Number o None
 Tribal Capital Markets, LLC  38901
(Associated) Broker or Dealer x None (Associated) Broker or Dealer CRD Number x None
     
Street Address 1 Street Address 2
 11 South Pineapple Avenue  Suite 619
City State/Province/Country ZIP/Postal Code
 Sarasota  FLORIDA  34236
State(s) of Solicitation o All States o Foreign/Non-US
 ALABAMA
 ALASKA
 ARIZONA
 CALIFORNIA
 COLORADO
 CONNECTICUT
 DELAWARE
 DISTRICT OF COLUMBIA
 FLORIDA
 GEORGIA
 HAWAII
 IDAHO
 ILLINOIS
 INDIANA
 IOWA
 KANSAS
 KENTUCKY
 LOUISIANA
 MAINE
 MARYLAND
 MASSACHUSETTS
 MICHIGAN
 MINNESOTA
 MISSISSIPPI
 MISSOURI
 NEVADA
 NEW HAMPSHIRE
 NEW JERSEY
 NEW MEXICO
 NEW YORK
 NORTH CAROLINA
 OHIO
 OKLAHOMA
 PENNSYLVANIA
 PUERTO RICO
 RHODE ISLAND
 SOUTH CAROLINA
 TEXAS
 UTAH
 VIRGINIA
 WASHINGTON
 WISCONSIN
 

 



13. Offering and Sales Amounts
Total Offering Amount $ 10238773 USD o Indefinite
Total Amount Sold $ 10238773 USD  
Total Remaining to be Sold $ 0 USD o Indefinite
 
Clarification of Response (if Necessary)
  


14. Investors
o Select if securities in the offering have been or may be sold to persons who do not qualify as accredited investors,
Number of such non-accredited investors who already have invested in the offering
 
  Regardless of whether securities in the offering have been or may be sold to persons who do not qualify as accredited investors, enter the total number of investors who already have invested in the offering: 18


15. Sales Commissions & Finders’ Fees Expenses
Provide separately the amounts of sales commissions and finders' fees expenses, if any. If the amount of an expenditure is not known, provide an estimate and check the box next to the amount.
Sales Commissions $ 307163 USD o Estimate
Finders' Fees $ 0 USD o Estimate
 
Clarification of Response (if Necessary)
 The Issuer will also issue warrants to the placement agent to purchase up to 79,268 shares of common stock for an exercise price of $9.30 for cash for a period of two years.


16. Use of Proceeds
Provide the amount of the gross proceeds of the offering that has been or is proposed to be used for payments to any of the persons required to be named as executive officers, directors or promoters in response to Item 3 above. If the amount is unknown, provide an estimate and check the box next to the amount.
  $ 0 USD o
Processa Pharmaceuticals (QB) (USOTC:PCSA)
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