Data / Crowdfunding / California / Ample Foods, Inc.
Ample Foods, Inc.: crowdfunding raise on OpenDeal Portal LLC, $50,000 to $1,070,000 (2020)
Ample Foods, Inc., a corporation in San Francisco, CA, filed a Form C with the SEC on April 8, 2020 to raise $50,000 to $1,070,000 in Units of Crowd SAFE (Simple Agreement for Future Equity) through OpenDeal Portal LLC. The offering closed on May 16, 2020. In its most recent fiscal year it reported $2,934,247 in revenue and a net loss of $1,397,697, with 3 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
- amplemeal.com
- Funding portal
- OpenDeal Portal LLC
- Address
- 181 2ND STREET, San Francisco, CA 94105
- Legal form
- Corporation
- Jurisdiction
- DE
- Incorporated
- October 23, 2015
- SEC CIK
- 0001736283
Offering terms
From the amendment filed April 8, 2020.
- Security
- Units of Crowd SAFE (Simple Agreement for Future Equity)
- Price
- $1.00
- Target
- $50,000
- Maximum
- $1,070,000
- Deadline
- May 16, 2020
- Portal compensation
- The issuer shall pay to the Intermediary at the conclusion of the Offering a fee of six percent (6%) of the amount raised in the offering.
Financials
From the Form C-U filed May 21, 2020.
| Most recent fiscal year | Prior fiscal year | Source | |
|---|---|---|---|
| Revenue | $2,934,247 | $2,908,021 | sec.gov |
| Cost of goods sold | $1,891,508 | $2,454,496 | sec.gov |
| Net income | $-1,397,697 | $-2,703,391 | sec.gov |
| Taxes paid | $0 | $0 | sec.gov |
| Total assets | $425,060 | $835,359 | sec.gov |
| Cash | $121,077 | $439,314 | sec.gov |
| Accounts receivable | $0 | $0 | sec.gov |
| Short-term debt | $1,155,986 | $944,884 | sec.gov |
| Long-term debt | $0 | $0 | sec.gov |
Filings
| Filed | Filing | Target | Maximum | Deadline | Note | Source |
|---|---|---|---|---|---|---|
| May 21, 2020 | Progress update | $50,000 | $1,070,000 | May 16, 2020 | The Offering closed successfully on May 17, 2020, having received investment commitments of $699,517, although a final accounting has not taken place | sec.gov |
| April 30, 2020 | Annual report | Not listed | Not listed | sec.gov | ||
| April 8, 2020 | Amendment | $50,000 | $1,070,000 | May 16, 2020 | This form C/A includes, without limitation, the following changes: (1) the offering deadline has been extended, (2) the maximum offering amount has been increased, (3) the campaign page has been revised. | sec.gov |
| March 4, 2020 | Amendment | $50,000 | $295,836 | April 29, 2020 | The address of the issuer was incorrect, and has been updated. | sec.gov |
| March 4, 2020 | Offering | $50,000 | $295,836 | April 29, 2020 | sec.gov | |
| May 2, 2019 | Annual report | Not listed | Not listed | sec.gov | ||
| April 2, 2019 | Progress update | $25,000 | $1,070,000 | March 27, 2019 | The offering successfully raised $792,849 from 1242 investors on March 28, 2019, although a final accounting has not taken place. | sec.gov |
| March 7, 2019 | Amendment | $25,000 | $1,070,000 | March 27, 2019 | The offering is hereby extended until March 27, 2019 at 11:59 pm PT. | sec.gov |
| January 25, 2019 | Amendment | $25,000 | $1,070,000 | March 16, 2019 | The Form C filed on January 16, 2019 is hereby amended to remedy a scrivener's error on page 26 and clarify that the valuation cap is $15,000,000, as presented elsewhere in the Form C and the exhibits. | sec.gov |
| January 22, 2019 | Amendment | $25,000 | $1,070,000 | March 16, 2019 | The Form C filed on January 16, 2019 is hereby amended to include greater clarification on the Issuer's capitalization and prior securities offerings. | sec.gov |
| January 22, 2019 | Amendment | $1,070,000 | $1,070,000 | March 16, 2019 | The Form C filed on January 16, 2019 is hereby amended to include greater clarification on the Issuer's capitalization and prior securities offerings. | sec.gov |
| January 17, 2019 | Offering | $1,070,000 | $1,070,000 | March 16, 2019 | sec.gov |
Updated May 21, 2020. 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.