Crowdonomics
All companies
Frontieras North America logo

Frontieras North America

Raising nowOperating

Industrial & Manufacturing · Scottsdale, AZ

Frontieras North America plans to build coal refineries using FASForm™, a licensed process that purifies and reforms coal rather than consuming it. The plants would produce a cleaner solid carbon fuel, diesel, naphtha, kerosene, hydrogen, methane, sulfuric acid and fertilizer. The first site is planned in Mason County, West Virginia.

Raising nowRaising now on DealMaker

This company has an open fundraising round.

$68.0M raised27,811 investors
View the live round
Estimated pre-money ⓘ
$2.55B
As of Dec 2025 · from Reg A Offering (2025) · our estimate: offering price × shares outstanding, not a stated valuation
Total raised
$73,446,362
Across 3 rounds since 2024
Latest share price
$7.38
Reg A+ · Equity · Dec 2025 offering price

Financials

FY2022–FY2025 · from SEC filings · hover any figure for its source
$0
−$379K
2022
$0
−$562K
2023
$0
−$1.0M
2024
$0
−$2.1M
2025
RevenueNet income — beside revenue when positive, below the line when a loss
Metric
FY2022 audited
FY2023 audited
FY2024 audited
FY2025 audited
Income statement
Revenue
$0
$0
$0
$0
Cost of goods sold
$0
$0
$0
$0
Net income
-$378,993
-$562,095
-$1,022,285
-$2,089,223
Taxes paid
$0
$0
$0
—
Balance sheet
Cash
$36,007
$175,560
$66,438
$1,473,134
Accounts receivable
$0
$0
$0
$0
Total assets
$106,007
$320,560
$398,938
$3,114,859
Short-term debt
$0
$405,148
$67,678
—
Long-term debt
$0
$0
$0
$0
Total liabilities
$0
$405,148
$67,678
$437,085
Other
Headcount
—
0
1
6

Figures as reported by the issuer in the filing shown on hover. Each year’s pill shows the assurance level of its filed statements — audited, reviewed (CPA review, less than an audit), or unaudited, as the filing’s own report or certification states it. A dashed pill marked * is inferred instead: the SEC minimum for an offering that size, which the issuer may have exceeded. No pill means we couldn’t tell. Headcount is the filing’s point-in-time count, not a year-end average. Manually corrected figures are marked “Corrected”.

Valuation over rounds

Pre-money — the valuation set before each round’s money came in
$2.55B
est. pre-money
Reg A+ · Equity · Dec 2025

Dotted grey bars are our estimate for rounds that didn't state one: the round's share price × the shares outstanding in its filings. Same measure as blue, but rougher.

Share price over rounds

$7.38$3.69$1.25
Sep 2024Dec 2025
Round offering price or verified disclosed saleDisclosed sale, unverified or year-only

“Today's shares” restates every price in the share terms current now, so a price before a split or an LLC→corporation conversion is divided by that event's ratio (each event is cited on the round page). Disclosed sales come from the issuer's own filings (prior-offering lines, audited-statement notes) and are amount ÷ securities sold. A down round is a firm point more than 25 % below the previous firm point of the same share class on a comparable basis; the comparison ignores unverified and year-only lines.

Cap table

Share counts as of Jun 29, 2026
Class A Common Stock · 72.6%Class B Common Stock · 27.2%Class C Common Stock · 0.21%
ClassOutstandingVotes / shareShare of totalVotesLast price
Class A Common Stock250,380,995172.6%21.0%—
Class B Common Stock93,989,2501027.2%79.0%—
Class C Common Stock(as of Oct 31, 2025)714,695none0.21%0%$7.38Dec 2025
Total345,084,940100%100%

Principal holders% as the filing states it, Jun 29, 2026

  • Joseph Witherspoon138,887,933 Class A Common Stock55.5%of Class A
  • Matthew McKean138,887,933 Class A Common Stock55.5%of Class A
  • Joseph Witherspoon46,994,625 Class B Common Stock50.0%of Class B
  • Matthew McKean46,994,625 Class B Common Stock50.0%of Class B
  • Joseph WitherspoonCommon Stock40.0%of company
  • Matthew McKeanCommon Stock40.0%of company
  • Frontier Applied Sciences, Inc.91,893,308 Class A Common Stock36.7%of Class A
  • Frontier Applied Sciences, Inc.Common Stock26.5%of company
  • Maui Scottsdale Trust II25,000,000 Class A Common Stock9.98%of Class A
  • Maui Scottsdale Trust IICommon Stock7.21%of company
  • Doug Remy1,251,000 Class A Common Stock0.5%of Class A
  • Andrea Moran1,250,000 Class A Common Stock0.5%of Class A
  • Doug RemyCommon Stock0.36%of company
  • Andrea MoranCommon Stock0.36%of company

Sold to the crowd

  • Reg CF · Sep 20243,683,035 shares at $1.25 in today's terms · sold as 736,607 Class C Non-Voting Common Stock at $6.25; since then a 5-for-1 split (Sep 2025)$4.6M· 1,610 investors
  • Reg CF · Sep 2025120,118 Class C Common Stock at $6.73$808.4K· 160 investors
  • Reg A+ · Dec 20259,218,723 Class C Common Stock(non-vote) at $7.38$68M· 27,811 investors

From the company's SEC filings: share counts per class, each class's voting and conversion terms, and the holders of 20% or more that Form C requires (officers and 10%+ holders on Form 1-A). Filings name only large holders, so most owners — including crowd investors — are not listed, and a holder's percentage may be of its own class rather than of the whole company. Prices and crowd share counts are in today's share terms — adjusted for splits and conversions since they were sold. Hover a figure for its filing.

Fundraising history

Raised $68M / $25MInvestors 27,811Est. pre-money $2.5B
Raised $808.4K / $849.5KInvestors 160
Raised $4.6M / $5MInvestors 1,610

Team

8 people
/s/ Matthew McKean
Chief Executive Officer
Matthew McKean
Chief Executive Officer and Director
Andrea Moran
Chief Commercial Officer
Jose Lopez
Chief Financial Officer
Joseph Witherspoon
Chief Technology Officer and Director
/s/ Doug Remy
Director
/s/ Joseph Witherspoon
Director
Doug Remy
Director

Names and titles as disclosed on SEC Form C, SEC Form 1-A. Bios and photos come from the platform campaign page and may be out of date.

Reg CF annual-report compliance

Delinquent

Filed 0 of 2 annual reports (FY2024–FY2025)

Missing: 2024, 2025

27,810 investors
holder-count proxy

Reg CF issuers must file a Form C-AR each year until a Rule 202(b) termination trigger is met.

  • Form 253G2Aug 20, 20260001062993-26-004523
    EDGAR
  • Form 253G2Aug 7, 20260001062993-26-004085
    EDGAR
  • Form 1-SAJul 16, 20260001062993-26-003686
    EDGAR
  • Form QUALIFJun 30, 20269999999994-26-000129
    EDGAR
  • Form 1-A POSJun 29, 20260001062993-26-003409
    EDGAR
  • Form 1-A POSMay 26, 20260001062993-26-002874
    EDGAR
  • Form 1-A POSApr 30, 20260001062993-26-002213
    EDGAR
  • Form 1-A-W/AApr 29, 20260001062993-26-002189
    EDGAR
Source: SEC EDGARCIK 0002035321WYShare price $7.38Last synced Aug 16, 2026

About this data. Figures are compiled from public sources — SEC EDGAR filings (Form C, C-AR, 1-A, 1-K) and funding-platform pages — and may be delayed, incomplete, or restated by the issuer. Financial statements are as reported by the issuer; each year is labeled with its assurance level (audited / reviewed / unaudited). A valuation cap is the conversion ceiling of a SAFE or convertible note, not an agreed company valuation; post-money figures are computed as pre-money plus amount raised and are not a traded price. Crowdonomics is not a broker-dealer, funding portal, or investment adviser; nothing here is investment advice or an offer to sell securities. Verify all figures against the linked EDGAR filings.