Data / Crowdfunding / Abletek, Inc.
Abletek, Inc.: crowdfunding raise on OpenDeal Portal LLC, $25,000 to $107,000 (2021)
Abletek, Inc., a corporation in Kamothe, Navi Mumbai, filed a Form C with the SEC on February 26, 2021 to raise $25,000 to $107,000 in Crowd SAFE (Simple Agreement for Future Equity) through OpenDeal Portal LLC. The offering closed on June 25, 2021. In its most recent fiscal year it reported $8,118 in revenue and $6,354 in net income, with 2 employees.
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- Website
- myudaanstore.com
- Funding portal
- OpenDeal Portal LLC
- Address
- KANUPRIYA, B WING 701, SECTOR 18 PLOT NO 32 AND 33, Kamothe, Navi Mumbai, 41020
- Legal form
- Corporation
- Jurisdiction
- DE
- Incorporated
- November 30, 2020
- SEC CIK
- 0001845758
Offering terms
From the offering filed February 26, 2021.
- Security
- Crowd SAFE (Simple Agreement for Future Equity)
- Price
- $1.00
- Target
- $25,000
- Maximum
- $107,000
- Deadline
- June 25, 2021
- Portal compensation
- At the conclusion of the offering, the issuer shall pay a fee of sixpercent (6%) of the amount raised in the offering to the Intermediary.
Financials
From the Form C-AR filed April 29, 2022.
| Most recent fiscal year | Prior fiscal year | Source | |
|---|---|---|---|
| Revenue | $8,118 | $2,067 | sec.gov |
| Cost of goods sold | $5,109 | $1,368 | sec.gov |
| Net income | $6,354 | $-2,422 | sec.gov |
| Taxes paid | $0 | $0 | sec.gov |
| Total assets | $42,579 | $5,817 | sec.gov |
| Cash | $30,631 | $274 | sec.gov |
| Accounts receivable | $0 | $0 | sec.gov |
| Short-term debt | $31,382 | $18,812 | sec.gov |
| Long-term debt | $31,417 | $0 | sec.gov |
Filings
| Filed | Filing | Target | Maximum | Deadline | Note | Source |
|---|---|---|---|---|---|---|
| May 5, 2022 | Termination of reporting | Not listed | Not listed | sec.gov | ||
| April 29, 2022 | Annual report | Not listed | Not listed | sec.gov | ||
| June 28, 2021 | Progress update | $25,000 | $107,000 | June 25, 2021 | The Offering closed successfully on June 26th, 2021, having received investment commitments of $38,475, although a final accounting has not taken place | sec.gov |
| February 26, 2021 | Offering | $25,000 | $107,000 | June 25, 2021 | sec.gov |
Updated May 5, 2022. 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.