Data / Crowdfunding / Delaware / AI Box, Inc
AI Box, Inc: crowdfunding raise on OpenDeal Portal LLC, $50,000 to $1,235,000 (2023)
AI Box, Inc, a corporation in Middletown, DE, filed a Form C with the SEC on October 30, 2023 to raise $50,000 to $1,235,000 in Crowd SAFE (Simple Agreement for Future Equity) through OpenDeal Portal LLC. The offering closed on February 27, 2024. In its most recent fiscal year it reported $130,263 in revenue and a net loss of $25,502.
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- Website
- www.aibox.ai
- Funding portal
- OpenDeal Portal LLC
- Address
- 651 N. BROAD STREET SUITE 201, Middletown, DE 19709
- Legal form
- Corporation
- Jurisdiction
- DE
- Incorporated
- December 12, 2022
- SEC CIK
- 0001996113
Offering terms
From the offering filed October 30, 2023.
- Security
- Crowd SAFE (Simple Agreement for Future Equity)
- Price
- $1.00
- Target
- $50,000
- Maximum
- $1,235,000
- Deadline
- February 27, 2024
- Portal compensation
- At the conclusion of the Offering, the Issuer shall pay the Intermediary cash proceeds equal to the greater of (A) a fee of seven percent (7%) of the dollar amount raised in the Offering or (B) a cash fee of twelve thousand dollars ($12,000.00).
Financials
From the Form C-AR filed April 15, 2024.
| Most recent fiscal year | Prior fiscal year | Source | |
|---|---|---|---|
| Revenue | $130,263 | $0 | sec.gov |
| Cost of goods sold | $0 | $0 | sec.gov |
| Net income | $-25,502 | $0 | sec.gov |
| Taxes paid | $0 | $0 | sec.gov |
| Total assets | $111,738 | $0 | sec.gov |
| Cash | $111,738 | $0 | sec.gov |
| Accounts receivable | $0 | $0 | sec.gov |
| Short-term debt | $0 | $0 | sec.gov |
| Long-term debt | $0 | $0 | sec.gov |
Filings
| Filed | Filing | Target | Maximum | Deadline | Note | Source |
|---|---|---|---|---|---|---|
| April 15, 2024 | Termination of reporting | Not listed | Not listed | sec.gov | ||
| April 15, 2024 | Annual report | Not listed | Not listed | sec.gov | ||
| March 7, 2024 | Progress update | $50,000 | $1,235,000 | February 27, 2024 | The Offering closed successfully on 2/28/2024, having received investment commitments of $393,162.17, although a final accounting has not taken place. | sec.gov |
| October 30, 2023 | Offering | $50,000 | $1,235,000 | February 27, 2024 | sec.gov |
Updated April 15, 2024. 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.