INDEPENDENT VERDICT
01 Labs, Inc. is a verifiable Nevada technology corporation formed in 2026, and its September 2 Form D contains one of the most unusual SAFE structures in this recent filing set. The company reported a fixed $1,000,002 offering, the full amount sold, $0 remaining and three investors following a first sale on August 20. The security is identified specifically as a Simple Agreement for Future Equity, the issuer relies on Rule 506(b), is not a pooled investment fund, reports no sales commissions or finder fees and selects the $1-$1,000,000 revenue range. The critical disclosure appears in Item 13: 01 Labs states that `$2` was received through a SAFE carrying a `$100 valuation cap`, while another `$1,000,000` was received through an `uncapped SAFE`. Those terms are sufficiently unusual that they should be treated as the central diligence issue rather than buried beneath a generic million-dollar fundraising headline.
The September filing also has to be read together with 01 Labs' first Form D from June 18. That earlier notice covered only `$3`, all of it sold to one investor, and the SEC clarification expressly stated that the `$3` was received under a SAFE with a `$100 valuation cap`. It was a separate offering, with first sale on June 3, not an amendment to the September notice. The repetition of essentially nominal-dollar SAFEs carrying an extraordinarily low stated valuation cap suggests that those instruments may serve a special capitalization, founder, governance or rights-establishment purpose rather than representing ordinary arm's-length startup financing at a literal one-hundred-dollar company valuation. The public filings, however, do not identify the investors or explain why the cap is set at `$100`, so FilingDossier does not assign a motive or treat the cap as evidence that 01 Labs' enterprise value was actually only one hundred dollars.
THE CAPITALIZATION ARCHITECTURE IS MORE IMPORTANT THAN THE $1M HEADLINE
The economic difference between the capped and uncapped SAFEs is potentially enormous. A standard SAFE generally converts into equity in a later financing according to contractual terms such as a valuation cap, discount or most-favored-nation provision. An uncapped SAFE lacks the most obvious ceiling on the valuation used for conversion and may therefore convert at terms determined by a later priced round, while a capped SAFE can potentially give its holder materially more equity if the future company valuation exceeds the cap. In 01 Labs' latest filing, virtually all cash is attached to the uncapped instrument, while only `$2` is associated with the `$100 cap`. That asymmetry strongly suggests the nominal capped instrument should be analyzed separately from the million-dollar investment rather than using it to claim that the main investor bought into the company at a `$100 valuation`.
The investor count deepens the question. The September offering reports three investors but does not tell the public which investor supplied the million dollars, whether two other investors supplied the nominal capped dollars, or whether one investor holds more than one instrument. The earlier June filing separately reported one investor behind the `$3 capped SAFE`, but Form D does not identify that person either. Investors reviewing the company should therefore obtain both SAFE agreements, the capitalization table immediately before and after each issuance, any side letters, most-favored-nation provisions, pro rata rights and board approvals. Without those documents, the most accurate conclusion is that 01 Labs has deliberately used at least two economically different SAFE structures within months of incorporation, not that all investors acquired the same ownership rights.
THE MINCU CONNECTION IS REAL, BUT THE CORPORATE CONNECTION TO MULTIVERSX IS NOT YET PROVEN
The people behind the issuer are unusually recognizable. The September SEC filing names Beniamin Mincu and Lucian Mincu as executive officers and directors of 01 Labs; the June filing also listed Scott Gordon as a director. Separately, MultiversX's own official materials identify Beniamin Mincu as co-founder and CEO of MultiversX and Lucian Mincu as co-founder and CIO. MultiversX describes Beniamin as an early blockchain entrepreneur and Lucian as an infrastructure engineer who became one of the central technical leaders of the network. Those matching names and roles create a strong personnel bridge between the newly formed 01 Labs and one of the better-established blockchain infrastructure ecosystems.
That does not automatically make 01 Labs a MultiversX subsidiary, spinout or affiliated corporate entity. The Form D does not mention MultiversX, Elrond, EGLD, xPortal, xMoney, tokens, blockchain infrastructure or any parent company. No reviewed authoritative 01 Labs public page provides an ownership chart linking the Nevada corporation to MultiversX Labs or another ecosystem entity. FilingDossier therefore separates two conclusions: the leadership overlap is strongly documented; the corporate ownership relationship is not. That distinction matters because MultiversX's technical track record, user base or blockchain assets should not be attributed to 01 Labs unless company documents establish the legal or commercial bridge.
The timing nevertheless makes the overlap worth following closely. MultiversX has spent 2026 publicly emphasizing agentic software development and open-sourcing AI-assisted engineering workflows, with Lucian Mincu describing development as increasingly based on agent orchestration rather than simple AI autocomplete. That shows that the Mincu-led ecosystem is actively working at the intersection of blockchain infrastructure and AI tooling, but it still does not identify 01 Labs' product. The new corporation could be related to that direction, a separate AI initiative, a holding company or another technology project entirely. Until a verified 01 Labs website, product announcement, trademark, employment page or corporate disclosure appears, any more specific description would be inference rather than evidence.
THE PUBLIC OPERATING FOOTPRINT IS MUCH THINNER THAN THE CAPITALIZATION DOCUMENTS
The September Form D selects the `$1-$1,000,000` revenue range, meaning 01 Labs is not reporting itself as pre-revenue, but that field is extremely broad and does not reveal actual sales. The company gives a Henderson, Nevada address and a 702 telephone number, yet there is currently little authoritative public operating material explaining what it sells, who its customers are, how many employees it has, which technology it owns or whether the reported revenue comes from software, services, intellectual property or another activity. This produces an unusual inversion: investors can see highly specific SAFE economics in the SEC filing while almost none of the operating business is disclosed publicly.
That asymmetry should shape diligence. For a new corporation whose major outside security is an uncapped SAFE, valuation is deliberately deferred to a future event, making product evidence and governance even more important. Investors should request incorporation documents, board composition, IP assignments from founders, related-party agreements with any MultiversX entities, current cash balance, monthly burn, revenue source, hiring plan and intended use of the `$1 million`. They should also determine whether software or intellectual property created inside the MultiversX ecosystem is being licensed or transferred into 01 Labs, and if so on what economic terms. If the businesses are truly independent, investors need the opposite evidence: clear boundaries showing that 01 Labs owns the technology and contracts that underpin its own valuation.
FINAL ASSESSMENT
01 Labs' SEC record is small in absolute dollars but unusually rich in structural information. The company first filed a `$3` SAFE offering in June 2026 with a stated `$100 valuation cap`, then returned in September with a separate `$1,000,002` fully subscribed SAFE offering to three investors. The second filing breaks the amount down precisely: `$2` under another `$100-cap SAFE` and `$1,000,000` under an uncapped SAFE. It also places Beniamin and Lucian Mincu directly inside the new Nevada corporation as executive officers and directors and reports a revenue range of `$1-$1,000,000`.
The strongest independent conclusion is therefore not that 01 Labs has a `$100 valuation`, nor that it is definitively a new MultiversX subsidiary. The public record supports something more specific and more useful: a newly created technology company controlled at the board/executive level by the same Mincu brothers publicly leading MultiversX has used a highly unusual two-tier SAFE architecture in which nominal-dollar instruments carry a `$100 valuation cap` while the economically significant `$1 million` investment is uncapped. The legal and economic purpose of that architecture remains undisclosed.
That makes the next evidence unusually clear. The most valuable documents are the capped and uncapped SAFE agreements, current cap table, side letters, IP assignments, related-party agreements and a verified company product site. Those records would show whether the nominal SAFEs are founder or governance instruments, how the uncapped investor will convert, and whether 01 Labs is economically part of the MultiversX ecosystem or simply shares its founders. Until then, the Form D proves the securities transactions and leadership identities, but not the product thesis or corporate affiliation.
Form D is an exempt-offering notice. It is not SEC approval of 01 Labs, the SAFE valuation mechanics, Beniamin Mincu, Lucian Mincu, MultiversX or any future equity valuation.
SEC SNAPSHOT
ISSUER: 01 Labs, Inc. | CIK: 0002135437 | SEC FILE NO.: 021-596252 | FILM NO.: 261355798 | ACCESSION NO.: 0002135437-26-000002 | FILED / EFFECTIVE: September 2, 2026
ENTITY: Nevada Corporation | FORMED: 2026 | PRINCIPAL ADDRESS: 2831 St. Rose Pkwy, Henderson, NV 89052 | PHONE: 702-538-0383
INDUSTRY: Other Technology | EXEMPTION: Regulation D Rule 506(b) | POOLED FUND: No | INVESTMENT COMPANY ACT EXCLUSION: None claimed
SECURITY: Simple Agreement for Future Equity | BUSINESS COMBINATION: No | FIRST SALE: August 20, 2026 | OFFERING DURATION: One year or less
LATEST OFFERING: $1,000,002 offered | $1,000,002 sold | $0 remaining | 3 investors | minimum investment field $2
LATEST SEC TERM CLARIFICATION: $2 received through SAFE with $100 valuation cap | $1,000,000 received through uncapped SAFE.
REVENUE RANGE: $1-$1,000,000 | SALES COMMISSIONS: $0 | FINDER FEES: $0 | ITEM 16 RELATED-PERSON PAYMENTS: $0
RELATED PERSONS IN LATEST FILING: Lucian Mincu — Executive Officer / Director | Beniamin Mincu — Executive Officer / Director
EARLIER FORM D: Filed June 18, 2026 | SEC FILE NO. 021-587984 | $3 offered | $3 sold | 1 investor | first sale June 3, 2026 | SAFE | SEC clarification: "$3 received at $100 valuation cap SAFE."
EARLIER BOARD DISCLOSURE: June Form D also listed Scott Gordon as Director.
MULTIVERSX PERSONNEL CONNECTION: MultiversX official materials identify Beniamin Mincu as co-founder / CEO and Lucian Mincu as co-founder / CIO. This confirms leadership overlap but does not by itself prove that 01 Labs is owned by or legally affiliated with MultiversX.
OFFICIAL 01 LABS WEBSITE: Not independently confirmed in the reviewed public evidence.
PRODUCT / CUSTOMER DISCLOSURE: Not sufficiently public to assign a verified operating product, customer base or AI/blockchain strategy to the SEC issuer.
IMPORTANT VALUATION LIMITATION: A SAFE carrying a $100 valuation cap does not establish that 01 Labs had a $100 enterprise valuation, especially where the economically significant $1M security is explicitly uncapped. The conversion agreements and cap table are required to understand ownership economics.
IMPORTANT OFFERING DISTINCTION: The June $3 SAFE and September $1,000,002 SAFE are separate Form D offerings rather than one continuous amendment.
CORE INDEPENDENT FINDING: 01 Labs presents an unusually asymmetric capitalization structure. Nominal-dollar SAFEs repeatedly carry a $100 valuation cap while virtually all substantive outside capital entered through a $1M uncapped SAFE. At the same time, the company's executive leadership overlaps directly with MultiversX through Beniamin and Lucian Mincu, yet no reviewed filing establishes a corporate ownership link. The core diligence questions are therefore the economic purpose of the nominal capped SAFEs, conversion rights of the uncapped investor, ownership of the company's IP and whether 01 Labs is legally separate from or economically integrated with the MultiversX ecosystem.
Form D is an exempt-offering notice and is not an SEC-issued certificate, approval or endorsement.