Data / Crowdfunding / California / Amped Innovation PBC
Amped Innovation PBC: crowdfunding raise on OpenDeal Portal LLC, $25,000 to $5,000,000 (2022)
Amped Innovation PBC, a corporation in Palo Alto, CA, filed a Form C with the SEC on October 3, 2022 to raise $25,000 to $5,000,000 in Crowd SAFE (Simple Agreement for Future Equity) through OpenDeal Portal LLC. The offering closed on March 24, 2023. In its most recent fiscal year it reported $2,765,326 in revenue and a net loss of $1,239,842, with 9 employees.
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- Website
- www.ampedinnovation.com
- Funding portal
- OpenDeal Portal LLC
- Address
- 1234 EMERSON STREET, Palo Alto, CA 94301
- Legal form
- Corporation
- Jurisdiction
- DE
- Incorporated
- November 17, 2016
- SEC CIK
- 0001703982
Offering terms
From the offering filed October 3, 2022.
- Security
- Crowd SAFE (Simple Agreement for Future Equity)
- Price
- $1.00
- Target
- $25,000
- Maximum
- $5,000,000
- Deadline
- March 24, 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-U filed February 7, 2023.
| Most recent fiscal year | Prior fiscal year | Source | |
|---|---|---|---|
| Revenue | $2,765,326 | $2,907,229 | sec.gov |
| Cost of goods sold | $2,063,088 | $1,917,747 | sec.gov |
| Net income | $-1,239,842 | $-720,286 | sec.gov |
| Taxes paid | $0 | $0 | sec.gov |
| Total assets | $4,729,597 | $3,677,047 | sec.gov |
| Cash | $1,524,237 | $2,071,146 | sec.gov |
| Accounts receivable | $1,266,912 | $443,635 | sec.gov |
| Short-term debt | $3,124,777 | $832,385 | sec.gov |
| Long-term debt | $0 | $0 | sec.gov |
Filings
| Filed | Filing | Target | Maximum | Deadline | Note | Source |
|---|---|---|---|---|---|---|
| February 7, 2023 | Progress update | $25,000 | $5,000,000 | March 24, 2023 | The Offering closed successfully on 2/1/2023, having received investment commitments of $180,215, although a final accounting has not taken place. | sec.gov |
| October 3, 2022 | Offering | $25,000 | $5,000,000 | March 24, 2023 | sec.gov |
Updated February 7, 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.