Data / Crowdfunding / Texas / Bao Bros., LLC
Bao Bros., LLC: crowdfunding raise on Wefunder Portal LLC, $50,000 to $150,000 (2020)
Bao Bros., LLC, a limited liability company in Houston, TX, filed a Form C with the SEC on August 20, 2020 to raise $50,000 to $150,000 in Simple Agreement for Future Equity (SAFE) and Revenue Share Agreement through Wefunder Portal LLC. The offering closed on December 2, 2020. In its most recent fiscal year it reported $0 in revenue and a net loss of $7,910, with 1 employees.
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- Website
- baobrosbistro.com
- Funding portal
- Wefunder Portal LLC
- Address
- 16610 Barley Mill Ct., Houston, TX 77095
- Legal form
- Limited Liability Company
- Jurisdiction
- TX
- Incorporated
- February 19, 2019
- SEC CIK
- 0001819716
Offering terms
From the amendment filed August 20, 2020.
- Security
- Simple Agreement for Future Equity (SAFE) and Revenue Share Agreement
- Price
- $1.00
- Target
- $50,000
- Maximum
- $150,000
- Deadline
- December 2, 2020
- Portal compensation
- 7.5% 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 August 20, 2020.
| Most recent fiscal year | Prior fiscal year | Source | |
|---|---|---|---|
| Revenue | $0 | $0 | sec.gov |
| Cost of goods sold | $0 | $0 | sec.gov |
| Net income | $-7,910 | $0 | sec.gov |
| Taxes paid | $35 | $0 | sec.gov |
| Total assets | $41,257 | $0 | sec.gov |
| Cash | $1,672 | $0 | sec.gov |
| Accounts receivable | $0 | $0 | sec.gov |
| Short-term debt | $321 | $0 | sec.gov |
| Long-term debt | $0 | $0 | sec.gov |
Filings
| Filed | Filing | Target | Maximum | Deadline | Note | Source |
|---|---|---|---|---|---|---|
| August 20, 2020 | Amendment | $50,000 | $150,000 | December 2, 2020 | Adding a valuation cap ($1,000,000) to the SAFE | sec.gov |
| August 10, 2020 | Offering | $50,000 | $150,000 | December 2, 2020 | sec.gov |
Updated August 20, 2020. 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.