Data / Crowdfunding / California / Artificial Intelligence Economic Development Corporation
Artificial Intelligence Economic Development Corporation: crowdfunding raise on NetCapital Funding Portal Inc., $10,004 to $249,600 (2023)
Artificial Intelligence Economic Development Corporation, a corporation in Huntington Beach, CA, filed a Form C with the SEC on March 21, 2023 to raise $10,004 to $249,600 in common stock through NetCapital Funding Portal Inc.. The offering closed on April 28, 2023. In its most recent fiscal year it reported $0 in revenue and a net loss of $49,464, with 4 employees.
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- Website
- www.Aiedc.com
- Funding portal
- NetCapital Funding Portal Inc.
- Address
- 6242 Warner Avenue Suite 7-F, Huntington Beach, CA 92647
- Legal form
- Corporation
- Jurisdiction
- DE
- Incorporated
- May 1, 2017
- SEC CIK
- 0001841851
Offering terms
From the amendment filed March 21, 2023.
- Security
- Common Stock
- Price
- $10.40
- Target
- $10,004
- Maximum
- $249,600
- Deadline
- April 28, 2023
- Portal compensation
- Up to 4.9% of amount raised for a successful offering and a listing fee of up to $10,000
Financials
From the Form C-U filed September 1, 2023.
| Most recent fiscal year | Prior fiscal year | Source | |
|---|---|---|---|
| Revenue | $0 | $0 | sec.gov |
| Cost of goods sold | $0 | $0 | sec.gov |
| Net income | $-49,464 | $-25,000 | sec.gov |
| Taxes paid | $0 | $0 | sec.gov |
| Total assets | $10,902 | $14,402 | sec.gov |
| Cash | $8,702 | $11,802 | sec.gov |
| Accounts receivable | $0 | $0 | sec.gov |
| Short-term debt | $13,267 | $0 | sec.gov |
| Long-term debt | $0 | $0 | sec.gov |
Filings
| Filed | Filing | Target | Maximum | Deadline | Note | Source |
|---|---|---|---|---|---|---|
| September 1, 2023 | Progress update | $10,004 | $249,600 | April 28, 2023 | End of offering. Issuer closed its offering with estimated gross proceeds of $150,249. The foregoing is in regard only to the amount raised under the Section 4(a)(6) exemption. | sec.gov |
| March 21, 2023 | Amendment | $10,004 | $249,600 | April 28, 2023 | the issuer extended the offering deadline. | sec.gov |
| November 3, 2022 | Amendment | $10,004 | $249,600 | March 31, 2023 | the issuer extended the offering date. | sec.gov |
| September 1, 2022 | Amendment | $10,004 | $249,600 | November 7, 2022 | the issuer has extended the offering deadline. | sec.gov |
| July 19, 2022 | Amendment | $10,004 | $249,600 | September 6, 2022 | the issuer updated the pitch deck. | sec.gov |
| June 30, 2022 | Amendment | $10,004 | $249,600 | September 6, 2022 | the issuer has extended the offering deadline. | sec.gov |
| April 18, 2022 | Amendment | $10,004 | $249,600 | July 6, 2022 | the issuer is extending the offering deadline and provided updated financial statements. | sec.gov |
| March 31, 2022 | Amendment | $10,004 | $249,600 | April 29, 2022 | the issuer is extending the offering deadline. | sec.gov |
| February 28, 2022 | Amendment | $10,004 | $249,600 | April 1, 2022 | the issuer is extending the offering deadline. | sec.gov |
| January 3, 2022 | Amendment | $10,004 | $249,600 | March 1, 2022 | the issuer is extending the offering deadline. | sec.gov |
| October 27, 2021 | Amendment | $10,004 | $249,600 | January 7, 2022 | the issuer is extending the offering deadline. | sec.gov |
| August 27, 2021 | Amendment | $10,004 | $249,600 | October 29, 2021 | the issuer extended the offering date. | sec.gov |
| June 30, 2021 | Amendment | $10,004 | $249,600 | August 31, 2021 | issuer extended the offering date. | sec.gov |
| April 28, 2021 | Amendment | $10,004 | $249,600 | June 30, 2021 | issuer extended the offering date. | sec.gov |
| February 10, 2021 | Offering | $10,004 | $249,600 | April 30, 2021 | sec.gov |
Updated September 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.