Data / Crowdfunding / California / Atom Limbs Inc.
Atom Limbs Inc.: crowdfunding raise on Wefunder Portal LLC, $50,000 to $5,000,000 (2023)
Atom Limbs Inc., a corporation in Palo Alto, CA, filed a Form C with the SEC on December 6, 2023 to raise $50,000 to $5,000,000 in Simple Agreement for Future Equity (SAFE) through Wefunder Portal LLC. The offering closed on April 29, 2024. In its most recent fiscal year it reported $0 in revenue and a net loss of $3,718,607, with 10 employees.
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- Website
- atomlimbs.com
- Funding portal
- Wefunder Portal LLC
- Address
- 916 Industrial Ave, Palo Alto, CA 94303
- Legal form
- Corporation
- Jurisdiction
- DE
- Incorporated
- April 23, 2019
- SEC CIK
- 0001825186
Offering terms
From the amendment filed December 6, 2023.
- Security
- Simple Agreement for Future Equity (SAFE)
- Price
- $1.00
- Target
- $50,000
- Maximum
- $5,000,000
- Deadline
- April 29, 2024
- 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/A filed December 6, 2023.
| Most recent fiscal year | Prior fiscal year | Source | |
|---|---|---|---|
| Revenue | $0 | $0 | sec.gov |
| Cost of goods sold | $0 | $0 | sec.gov |
| Net income | $-3,718,607 | $-1,941,209 | sec.gov |
| Taxes paid | $0 | $0 | sec.gov |
| Total assets | $1,990,558 | $1,506,360 | sec.gov |
| Cash | $1,611,770 | $1,453,448 | sec.gov |
| Accounts receivable | $0 | $0 | sec.gov |
| Short-term debt | $337,701 | $195,454 | sec.gov |
| Long-term debt | $167,671 | $0 | sec.gov |
Filings
| Filed | Filing | Target | Maximum | Deadline | Note | Source |
|---|---|---|---|---|---|---|
| December 6, 2023 | Amendment | $50,000 | $5,000,000 | April 29, 2024 | Adding terms of the VIP Investor bonus | sec.gov |
| October 6, 2023 | Offering | $50,000 | $5,000,000 | April 29, 2024 | sec.gov | |
| October 6, 2023 | Annual report | Not listed | Not listed | sec.gov | ||
| April 26, 2022 | Amendment | $50,000 | $5,000,000 | April 30, 2022 | Increasing maximum target. | sec.gov |
| December 21, 2021 | Withdrawal | Not listed | Not listed | sec.gov | ||
| November 12, 2021 | Amendment | $50,000 | $3,930,000 | April 30, 2022 | Increasing EB threshold to $1.5M from $1M | sec.gov |
| October 18, 2021 | Offering | $50,000 | $3,930,000 | April 30, 2022 | sec.gov | |
| October 18, 2021 | Offering | $50,000 | $3,930,000 | April 30, 2022 | sec.gov | |
| October 12, 2021 | Annual report | Not listed | Not listed | sec.gov | ||
| October 26, 2020 | Amendment | $250,000 | $1,070,000 | November 22, 2020 | Naming Lead Investor. | sec.gov |
| October 26, 2020 | Amendment | $250,000 | $1,070,000 | November 22, 2020 | Naming Lead Investor. | sec.gov |
| September 18, 2020 | Offering | $250,000 | $1,070,000 | October 30, 2020 | sec.gov |
Updated December 6, 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.