Data / Crowdfunding / Pennsylvania / AlgenAir, Inc.
AlgenAir, Inc.: crowdfunding raise on OpenDeal Portal LLC, $25,000 to $1,235,000 (2022)
AlgenAir, Inc., a corporation in Pittsburgh, PA, filed a Form C with the SEC on November 15, 2022 to raise $25,000 to $1,235,000 in Crowd SAFE (Simple Agreement for Future Equity) through OpenDeal Portal LLC. The offering closed on January 31, 2023. In its most recent fiscal year it reported $92,352 in revenue and a net loss of $137,509, with 2 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
- algenair.com
- Funding portal
- OpenDeal Portal LLC
- Address
- 6024 BROAD STREET 2ND FLOOR, Pittsburgh, PA 15206
- Legal form
- Corporation
- Jurisdiction
- DE
- Incorporated
- May 12, 2021
- SEC CIK
- 0001946308
Offering terms
From the offering filed November 15, 2022.
- Security
- Crowd SAFE (Simple Agreement for Future Equity)
- Price
- $1.00
- Target
- $25,000
- Maximum
- $1,235,000
- Deadline
- January 31, 2023
- Portal compensation
- At the conclusion of the offering, the issuer shall pay a fee of six percent (6%) of the amount raised in the offering to the Intermediary.
Financials
From the Form C-AR filed May 1, 2023.
| Most recent fiscal year | Prior fiscal year | Source | |
|---|---|---|---|
| Revenue | $92,352 | $39,758 | sec.gov |
| Cost of goods sold | $47,115 | $25,197 | sec.gov |
| Net income | $-137,509 | $-104,534 | sec.gov |
| Taxes paid | $0 | $0 | sec.gov |
| Total assets | $51,110 | $87,582 | sec.gov |
| Cash | $9,930 | $34,380 | sec.gov |
| Accounts receivable | $14,084 | $3,056 | sec.gov |
| Short-term debt | $16,960 | $5,924 | sec.gov |
| Long-term debt | $215,000 | $125,000 | sec.gov |
Filings
| Filed | Filing | Target | Maximum | Deadline | Note | Source |
|---|---|---|---|---|---|---|
| May 1, 2023 | Annual report | Not listed | Not listed | sec.gov | ||
| February 7, 2023 | Progress update | $25,000 | $1,235,000 | January 31, 2023 | The Offering closed successfully on 2/1/2023, having received investment commitments of $34,770, although a final accounting has not taken place. | sec.gov |
| November 15, 2022 | Offering | $25,000 | $1,235,000 | January 31, 2023 | sec.gov |
Updated May 1, 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.