Data / Crowdfunding / New York / abillionveg, inc
abillionveg, inc: crowdfunding raise on Wefunder Portal LLC, $50,000 to $1,235,000 (2023)
abillionveg, inc, a corporation in New York, NY, filed a Form C with the SEC on April 27, 2023 to raise $50,000 to $1,235,000 in Simple Agreement for Future Equity (SAFE) through Wefunder Portal LLC. The offering closed on April 30, 2023. In its most recent fiscal year it reported $11,881 in revenue and a net loss of $4,025,487, with 30 employees.
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- Website
- www.abillion.com
- Funding portal
- Wefunder Portal LLC
- Address
- 3 World Trade Center, 59th Floor, New York, NY 10007
- Legal form
- Corporation
- Jurisdiction
- DE
- Incorporated
- October 5, 2017
- SEC CIK
- 0001896866
Offering terms
From the amendment filed April 27, 2023.
- Security
- Simple Agreement for Future Equity (SAFE)
- Price
- $1.00
- Target
- $50,000
- Maximum
- $1,235,000
- Deadline
- April 30, 2023
- Portal compensation
- 5.0% of the offering amount upon a successful fundraise, and be entitled to reimbursement for out-of-pocket third party expenses it pays or incurs on behalf of the Issuer in connection with the offering.
Financials
From the Form C/A filed April 27, 2023.
| Most recent fiscal year | Prior fiscal year | Source | |
|---|---|---|---|
| Revenue | $11,881 | $1,449 | sec.gov |
| Cost of goods sold | $5,597 | $0 | sec.gov |
| Net income | $-4,025,487 | $-2,363,937 | sec.gov |
| Taxes paid | $0 | $0 | sec.gov |
| Total assets | $4,332,358 | $2,065,435 | sec.gov |
| Cash | $4,207,647 | $1,958,794 | sec.gov |
| Accounts receivable | $0 | $0 | sec.gov |
| Short-term debt | $246,924 | $319 | sec.gov |
| Long-term debt | $0 | $5,371,983 | sec.gov |
Filings
| Filed | Filing | Target | Maximum | Deadline | Note | Source |
|---|---|---|---|---|---|---|
| April 27, 2023 | Amendment | $50,000 | $1,235,000 | April 30, 2023 | Non-material amendment, updating the Early Bird term threshold to $1M | sec.gov |
| January 23, 2023 | Amendment | $50,000 | $1,235,000 | April 30, 2023 | Non-material amendment, updating the Early Bird term threshold to $400k | sec.gov |
| December 2, 2022 | Offering | $50,000 | $1,235,000 | April 30, 2023 | sec.gov |
Updated April 27, 2023. 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.