Data / Crowdfunding / California / Bioverge, Inc.
Bioverge, Inc.: crowdfunding raise on OpenDeal Portal LLC, $25,000 to $1,235,000 (2023)
Bioverge, Inc., a corporation in Mill Valley, CA, filed a Form C with the SEC on June 16, 2023 to raise $25,000 to $1,235,000 in Crowd SAFE (Simple Agreement for Future Equity) through OpenDeal Portal LLC. The offering closed on August 7, 2023. In its most recent fiscal year it reported $136,253 in revenue and a net loss of $431,299, with 1 employees.
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- Website
- www.bioverge.com
- Funding portal
- OpenDeal Portal LLC
- Address
- 203 Flamingo Road #235, Mill Valley, CA 94941
- Legal form
- Corporation
- Jurisdiction
- DE
- Incorporated
- August 17, 2017
- SEC CIK
- 0001828649
Offering terms
From the amendment filed June 16, 2023.
- Security
- Crowd SAFE (Simple Agreement for Future Equity)
- Price
- $1.00
- Target
- $25,000
- Maximum
- $1,235,000
- Deadline
- August 7, 2023
- Portal compensation
- At the conclusion of the Offering, the Issuer shall pay the Intermediary a fee of six percent (6%) of the dollar amount raised in the Offering.
Financials
From the Form C-AR filed May 1, 2024.
| Most recent fiscal year | Prior fiscal year | Source | |
|---|---|---|---|
| Revenue | $136,253 | $247,786 | sec.gov |
| Cost of goods sold | $26,614 | $49,972 | sec.gov |
| Net income | $-431,299 | $-406,203 | sec.gov |
| Taxes paid | $0 | $0 | sec.gov |
| Total assets | $845,468 | $567,769 | sec.gov |
| Cash | $148,875 | $81,025 | sec.gov |
| Accounts receivable | $0 | $0 | sec.gov |
| Short-term debt | $169,136 | $224,391 | sec.gov |
| Long-term debt | $452,517 | $408,500 | sec.gov |
Filings
| Filed | Filing | Target | Maximum | Deadline | Note | Source |
|---|---|---|---|---|---|---|
| May 1, 2024 | Annual report | Not listed | Not listed | sec.gov | ||
| August 14, 2023 | Progress update | $25,000 | $1,235,000 | August 7, 2023 | The Offering closed successfully on 8/8/2023, having received investment commitments of $138,007, although a final accounting has not taken place. | sec.gov |
| June 16, 2023 | Amendment | $25,000 | $1,235,000 | August 7, 2023 | adding disclosures around issuer's promotional efforts. Adding a 20% discount, and changing the valuation cap to $18M for the first 635k raised, then the cap changes to $25M for remaining amount up to the max raised. | sec.gov |
| May 8, 2023 | Offering | $25,000 | $1,235,000 | August 7, 2023 | sec.gov | |
| May 1, 2023 | Annual report | Not listed | Not listed | sec.gov | ||
| February 10, 2023 | Annual report | Not listed | Not listed | sec.gov | ||
| May 11, 2022 | Progress update | $10,000 | $1,069,998 | March 1, 2022 | End of offering. Issuer closed its offering with estimated gross proceeds of $744,806. The foregoing is in regard only to the amount raised under the Section 4(a)(6) exemption. | sec.gov |
| January 5, 2022 | Amendment | $10,000 | $1,069,998 | March 1, 2022 | the issuer has extended the offering deadline. | sec.gov |
| October 20, 2021 | Amendment | $10,000 | $1,069,998 | January 13, 2022 | the issuer extended the offering date. | sec.gov |
| October 8, 2021 | Amendment | $10,000 | $1,069,998 | October 30, 2021 | issuer updated a graph on the offering page. | sec.gov |
| June 28, 2021 | Amendment | $10,000 | $1,069,998 | October 30, 2021 | issuer extended the offering date. | sec.gov |
| May 17, 2021 | Amendment | $10,000 | $1,069,998 | June 29, 2021 | issuer ended the early bird discount on saturday, may the 15th of 2021, and increased its price per share from $1.14 to $1.71 per share as disclosed in form c and the offering page. | sec.gov |
| May 14, 2021 | Amendment | $10,000 | $1,069,999 | June 29, 2021 | on may 15, 2021, the issuer will end the "early bird" discount of $1.14 per share and increase the purchase price to $1.71 per share, which equates to a $15 million pre-money valuation as disclosed in the original form c filing and the offering page. | sec.gov |
| April 26, 2021 | Offering | $10,000 | $1,069,999 | June 29, 2021 | sec.gov |
Also on SpecStream
Updated May 1, 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.