Data / Crowdfunding / Illinois / 32 Biosciences, Inc.
32 Biosciences, Inc.: crowdfunding raise on OpenDeal Portal LLC, $50,000 to $618,000 (2024)
32 Biosciences, Inc., a corporation in Illinois, IL, filed a Form C with the SEC on October 9, 2024 to raise $50,000 to $618,000 in Crowd SAFE (Simple Agreement for Future Equity) through OpenDeal Portal LLC. The offering closed on December 20, 2024. In its most recent fiscal year it reported $0 in revenue and a net loss of $3,091,429, with 7 employees.
SpecStream is the live web data engine for teams and agents. It reads every Form C on SEC EDGAR each morning, and this page is that reading. Ask for your own cut (a portal, a state, a size, a revenue range) and new raises arrive in your sheet, CRM, Slack or agent as they land.
- Website
- 32biosciences.com
- Funding portal
- OpenDeal Portal LLC
- Address
- 3333 GREEN BAY RD SUITE 210, Illinois, IL 60064
- Legal form
- Corporation
- Jurisdiction
- DE
- Incorporated
- June 5, 2023
- SEC CIK
- 0002020332
Offering terms
From the amendment filed October 9, 2024.
- Security
- Crowd SAFE (Simple Agreement for Future Equity)
- Price
- $1.00
- Target
- $50,000
- Maximum
- $618,000
- Deadline
- December 20, 2024
- Portal compensation
- The Issuer shall pay the Intermediary the greater of (A) a fee of 6% of the dollar amount raised in the Offering or (B) a cash fee of $12,000.00. Additionally, the Issuer shall pay to the Intermediary a non-refundable onboarding fee of $5,000.00.
Financials
From the Form C-AR filed April 24, 2026.
| Most recent fiscal year | Prior fiscal year | Source | |
|---|---|---|---|
| Revenue | $0 | $53,691 | sec.gov |
| Cost of goods sold | $0 | $0 | sec.gov |
| Net income | $-3,091,429 | $-1,742,797 | sec.gov |
| Taxes paid | $0 | $0 | sec.gov |
| Total assets | $2,091,486 | $1,478,698 | sec.gov |
| Cash | $1,857,311 | $1,183,699 | sec.gov |
| Accounts receivable | $0 | $0 | sec.gov |
| Short-term debt | $358,681 | $14,917 | sec.gov |
| Long-term debt | $5,378,215 | $3,177,281 | sec.gov |
Filings
| Filed | Filing | Target | Maximum | Deadline | Note | Source |
|---|---|---|---|---|---|---|
| April 24, 2026 | Termination of reporting | Not listed | Not listed | sec.gov | ||
| April 24, 2026 | Annual report | Not listed | Not listed | sec.gov | ||
| April 30, 2025 | Annual report | Not listed | Not listed | sec.gov | ||
| January 2, 2025 | Progress update | $50,000 | $618,000 | December 20, 2024 | The Offering closed successfully on 12/21/2024, having received investment commitments of $508,598.33, although a final accounting has not taken place. | sec.gov |
| October 9, 2024 | Amendment | $50,000 | $618,000 | December 20, 2024 | Offering Deadline to December 20, 2024; (ii) reduce the Maximum Offering Amount to $618,000; (iii) add an additional video transcript to Exhibit C; (iv) add an updated Deal Page as Exhibit D; and (v) update the FINANCIAL INFORMATION section. | sec.gov |
| June 24, 2024 | Offering | $50,000 | $1,235,000 | October 22, 2024 | sec.gov |
Also on SpecStream
Updated April 24, 2026. Read from SEC EDGAR. Public domain (U.S. government work). Financials are as each company reported them in its Form C, unaudited unless the filing says otherwise. Websites are the ones the companies declared to the SEC. Free to reuse with credit to SpecStream under CC BY 4.0. Spot a wrong value? Write to [email protected] with the link to this page.