Data / Crowdfunding / California / Authenticiti, Inc
Authenticiti, Inc: crowdfunding raise on OpenDeal Portal LLC, $25,000 to $5,000,000 (2022)
Authenticiti, Inc, a corporation in San Francisco, CA, filed a Form C with the SEC on April 11, 2022 to raise $25,000 to $5,000,000 in Token Debt Payable by Assets ("DPA") through OpenDeal Portal LLC. The offering closed on April 30, 2022. In its most recent fiscal year it reported $0 in revenue and a net loss of $3,041,197, with 6 employees.
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- Website
- cultos.io
- Funding portal
- OpenDeal Portal LLC
- Address
- 18 Bartol Street #181, San Francisco, CA 94133
- Legal form
- Corporation
- Jurisdiction
- DE
- Incorporated
- October 26, 2016
- SEC CIK
- 0001908270
Offering terms
From the amendment filed April 11, 2022.
- Security
- Token Debt Payable by Assets ("DPA")
- Price
- $1.00
- Target
- $25,000
- Maximum
- $5,000,000
- Deadline
- April 30, 2022
- Portal compensation
- At the conclusion of the offering, the issuer shall pay to the Intermediary cash proceeds received from the Offering equal to six percent (6%) of any amounts raised.
Financials
From the Form C-AR filed April 28, 2023.
| Most recent fiscal year | Prior fiscal year | Source | |
|---|---|---|---|
| Revenue | $0 | $0 | sec.gov |
| Cost of goods sold | $0 | $0 | sec.gov |
| Net income | $-3,041,197 | $-920,818 | sec.gov |
| Taxes paid | $0 | $0 | sec.gov |
| Total assets | $6,004,320 | $469,200 | sec.gov |
| Cash | $4,958,685 | $450,198 | sec.gov |
| Accounts receivable | $0 | $0 | sec.gov |
| Short-term debt | $147,780 | $93,407 | sec.gov |
| Long-term debt | $5,537,832 | $505,000 | sec.gov |
Filings
| Filed | Filing | Target | Maximum | Deadline | Note | Source |
|---|---|---|---|---|---|---|
| May 1, 2023 | Termination of reporting | Not listed | Not listed | sec.gov | ||
| April 28, 2023 | Annual report | Not listed | Not listed | sec.gov | ||
| May 2, 2022 | Progress update | $25,000 | $5,000,000 | April 30, 2022 | The Offering closed successfully on 4/28/2022, having received investment commitments of $4,870,499.87, although a final accounting has not taken place. | sec.gov |
| April 11, 2022 | Amendment | $25,000 | $5,000,000 | April 30, 2022 | This non-material amendment is filed to correct a scrivener's error regarding the maximum offering amount. | sec.gov |
| April 1, 2022 | Offering | $25,000 | $5,000,000 | April 30, 2022 | sec.gov |
Updated May 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.