Data / Crowdfunding / Texas / Astralabs Inc.
Astralabs Inc.: crowdfunding raise on Wefunder Portal LLC, $100,001 to $4,000,004 (2021)
Astralabs Inc., a corporation in Austin, TX, filed a Form C with the SEC on July 12, 2021 to raise $100,001 to $4,000,004 in preferred stock through Wefunder Portal LLC. The offering closed on April 30, 2022. In its most recent fiscal year it reported $10,057,994 in revenue and a net loss of $2,317,508, with 118 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
- newchip.com
- Funding portal
- Wefunder Portal LLC
- Address
- 979 Springdale Rd Suite 123, Austin, TX 78702
- Legal form
- Corporation
- Jurisdiction
- DE
- Incorporated
- June 15, 2016
- SEC CIK
- 0001686991
Offering terms
From the offering filed July 12, 2021.
- Security
- Preferred Stock
- Price
- $4.60
- Target
- $100,001
- Maximum
- $4,000,004
- Deadline
- April 30, 2022
- Portal compensation
- 5.0% of the offering amount upon a successful fundraise, and be entitled to reimbursement for out-of-pocket third party expenses it pays or incurs on behalf of the Issuer in connection with the offering.
Financials
From the Form C-AR filed May 4, 2022.
| Most recent fiscal year | Prior fiscal year | Source | |
|---|---|---|---|
| Revenue | $10,057,994 | $2,986,986 | sec.gov |
| Cost of goods sold | $566,597 | $190,490 | sec.gov |
| Net income | $-2,317,508 | $-442,255 | sec.gov |
| Taxes paid | $0 | $0 | sec.gov |
| Total assets | $1,741,980 | $567,918 | sec.gov |
| Cash | $364,833 | $109,303 | sec.gov |
| Accounts receivable | $1,082,959 | $283,131 | sec.gov |
| Short-term debt | $706,653 | $655,885 | sec.gov |
| Long-term debt | $905,204 | $149,900 | sec.gov |
Filings
| Filed | Filing | Target | Maximum | Deadline | Note | Source |
|---|---|---|---|---|---|---|
| May 4, 2022 | Annual report | Not listed | Not listed | sec.gov | ||
| July 12, 2021 | Offering | $100,001 | $4,000,004 | April 30, 2022 | sec.gov | |
| July 9, 2021 | Progress update | $100,001 | $1,069,997 | March 16, 2021 | The final number is $971,135.25 in investments. | sec.gov |
| February 12, 2021 | Amendment | $100,001 | $1,069,997 | April 30, 2021 | Adding audited financial statements for 2019 and 2020, and increasing the campaign maximum. | sec.gov |
| January 22, 2021 | Offering | $100,001 | $534,998 | April 30, 2021 | sec.gov | |
| June 11, 2020 | Annual report | Not listed | Not listed | sec.gov | ||
| May 1, 2019 | Annual report | Not listed | Not listed | sec.gov | ||
| September 26, 2018 | Amendment | $50,000 | $1,070,000 | October 5, 2018 | Remove Judd Hollas from Board and Officers; Add Lance Huntley as an officer; change close date to 10/5 | sec.gov |
| August 29, 2018 | Amendment | $50,000 | $1,070,000 | September 30, 2018 | Expand early bird to include all current investors; change non-early bird terms; change deadline date | sec.gov |
| June 21, 2018 | Offering | $50,000 | $1,070,000 | December 14, 2018 | sec.gov |
Updated May 4, 2022. 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.