Data / Crowdfunding / Illinois / Ai Incube, Inc.
Ai Incube, Inc.: crowdfunding raise on Wefunder Portal LLC, $51,000 to $3,956,003 (2022)
Ai Incube, Inc., a corporation in Chicago, IL, filed a Form C with the SEC on April 25, 2022 to raise $51,000 to $3,956,003 in preferred stock through Wefunder Portal LLC. The offering closed on April 30, 2023. In its most recent fiscal year it reported $140,118 in revenue and a net loss of $2,837,006, with 6 employees.
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- Website
- parknav.com
- Funding portal
- Wefunder Portal LLC
- Address
- 222 Merchandise Mart Plaza, Suite 1212, Chicago, IL 60654
- Legal form
- Corporation
- Jurisdiction
- DE
- Incorporated
- July 14, 2009
- SEC CIK
- 0001846881
Offering terms
From the amendment filed April 25, 2022.
- Security
- Preferred Stock
- Price
- $5.32
- Target
- $51,000
- Maximum
- $3,956,003
- Deadline
- April 30, 2023
- Portal compensation
- 6.75% 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-AR filed July 20, 2023.
| Most recent fiscal year | Prior fiscal year | Source | |
|---|---|---|---|
| Revenue | $140,118 | $172,356 | sec.gov |
| Cost of goods sold | $0 | $0 | sec.gov |
| Net income | $-2,837,006 | $-277,449 | sec.gov |
| Taxes paid | $0 | $0 | sec.gov |
| Total assets | $245,231 | $2,060,014 | sec.gov |
| Cash | $3,378 | $12,057 | sec.gov |
| Accounts receivable | $0 | $0 | sec.gov |
| Short-term debt | $767,353 | $326,269 | sec.gov |
| Long-term debt | $3,680,135 | $2,800,269 | sec.gov |
Filings
| Filed | Filing | Target | Maximum | Deadline | Note | Source |
|---|---|---|---|---|---|---|
| July 20, 2023 | Annual report | Not listed | Not listed | sec.gov | ||
| October 6, 2022 | Progress update | $9,538 | $4,198,110 | November 19, 2021 | At the close of the offering, the issuer closed on $240,455.76 and 57,976 number of securities. | sec.gov |
| April 29, 2022 | Annual report | Not listed | Not listed | sec.gov | ||
| April 25, 2022 | Amendment | $51,000 | $3,956,003 | April 30, 2023 | Adding 2021 financials and extending campaign. | sec.gov |
| December 3, 2021 | Offering | $51,000 | $3,956,003 | April 30, 2022 | sec.gov | |
| November 24, 2021 | Progress update | $9,538 | $4,198,110 | November 19, 2021 | At the close of the offering, the issuer closed on $197,657.48 and 50,396 number of securities. | sec.gov |
| November 12, 2021 | Amendment | $9,538 | $4,198,110 | November 19, 2021 | The issuer is closing their offering early on 11/19/2021. | sec.gov |
| August 31, 2021 | Offering | $9,538 | $4,198,110 | March 1, 2022 | sec.gov | |
| August 30, 2021 | Annual report | Not listed | Not listed | sec.gov | ||
| August 16, 2021 | Progress update | $300,000 | $1,070,000 | April 30, 2021 | Parknav (AI Incube, Inc.) closed on $801,874 of convertible promissory notes. | sec.gov |
| February 24, 2021 | Offering | $300,000 | $1,070,000 | April 30, 2021 | sec.gov |
Updated July 20, 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.