Data / Crowdfunding / Puerto Rico / Aspire BioPharma Inc.
Aspire BioPharma Inc.: crowdfunding raise on OpenDeal Portal LLC, $150,000 to $5,000,000 (2023)
Aspire BioPharma Inc., a corporation in Humacao, PR, filed a Form C with the SEC on October 31, 2023 to raise $150,000 to $5,000,000 in preferred stock through OpenDeal Portal LLC. The offering closed on January 31, 2024. In its most recent fiscal year it reported $0 in revenue and a net loss of $359,071.
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- Website
- aspirebiolabs.com
- Funding portal
- OpenDeal Portal LLC
- Address
- 194 Candelaro Drive #223, Humacao, PR 00791
- Legal form
- Corporation
- Jurisdiction
- PR
- Incorporated
- September 27, 2021
- SEC CIK
- 0001995528
Offering terms
From the offering filed October 31, 2023.
- Security
- Preferred Stock
- Price
- $0.80
- Target
- $150,000
- Maximum
- $5,000,000
- Deadline
- January 31, 2024
- Portal compensation
- a) seven percent (7.0%) of ($0.00 - $2,000,000); b) five percent (5.0%) of ($2,000,000.01 - $4,000,000.00); and c) three percent (3.0%) of ($4,000,000.01 - $5,000,000)
Financials
From the Form C-AR filed April 26, 2024.
| Most recent fiscal year | Prior fiscal year | Source | |
|---|---|---|---|
| Revenue | $0 | $0 | sec.gov |
| Cost of goods sold | $0 | $0 | sec.gov |
| Net income | $-359,071 | $-597,117 | sec.gov |
| Taxes paid | $481 | $626 | sec.gov |
| Total assets | $5,017,181 | $4,917,644 | sec.gov |
| Cash | $11,174 | $38 | sec.gov |
| Accounts receivable | $0 | $0 | sec.gov |
| Short-term debt | $652,490 | $193,881 | sec.gov |
| Long-term debt | $3,852,552 | $3,852,552 | sec.gov |
Filings
| Filed | Filing | Target | Maximum | Deadline | Note | Source |
|---|---|---|---|---|---|---|
| April 26, 2024 | Annual report | Not listed | Not listed | sec.gov | ||
| February 7, 2024 | Progress update | $150,000 | $5,000,000 | January 31, 2024 | The Offering closed successfully on 2/1/2024, having received investment commitments of $226,792, although a final accounting has not taken place. | sec.gov |
| October 31, 2023 | Offering | $150,000 | $5,000,000 | January 31, 2024 | sec.gov |
Also on SpecStream
Updated April 26, 2024. 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.