Data / Crowdfunding / Delaware / BLAZnTECH, Inc.
BLAZnTECH, Inc.: crowdfunding raise on Wefunder Portal LLC, $50,000 to $1,000,000 (2017)
BLAZnTECH, Inc., a corporation in Dover, DE, filed a Form C with the SEC on November 29, 2017 to raise $50,000 to $1,000,000 in Simple Agreement for Future Equity (SAFE) through Wefunder Portal LLC. The offering closed on December 28, 2017. In its most recent fiscal year it reported $13,734 in revenue and a net loss of $31,293, with 1 employees.
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- Website
- blazntech.com
- Funding portal
- Wefunder Portal LLC
- Address
- 1221 College Park Dr Suite 116, Dover, DE 19904
- Legal form
- Corporation
- Jurisdiction
- DE
- Incorporated
- November 4, 2016
- SEC CIK
- 0001695197
Offering terms
From the amendment filed November 29, 2017.
- Security
- Simple Agreement for Future Equity (SAFE)
- Price
- $1.00
- Target
- $50,000
- Maximum
- $1,000,000
- Deadline
- December 28, 2017
- Portal compensation
- 4.0% 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 June 11, 2020.
| Most recent fiscal year | Prior fiscal year | Source | |
|---|---|---|---|
| Revenue | $13,734 | $0 | sec.gov |
| Cost of goods sold | $25,075 | $0 | sec.gov |
| Net income | $-31,293 | $0 | sec.gov |
| Taxes paid | $0 | $0 | sec.gov |
| Total assets | $281,444 | $0 | sec.gov |
| Cash | $2,000 | $0 | sec.gov |
| Accounts receivable | $0 | $0 | sec.gov |
| Short-term debt | $0 | $0 | sec.gov |
| Long-term debt | $213,241 | $0 | sec.gov |
Filings
| Filed | Filing | Target | Maximum | Deadline | Note | Source |
|---|---|---|---|---|---|---|
| June 11, 2020 | Annual report | Not listed | Not listed | sec.gov | ||
| April 26, 2019 | Annual report | Not listed | Not listed | sec.gov | ||
| April 27, 2018 | Annual report | Not listed | Not listed | sec.gov | ||
| January 12, 2018 | Progress update | $50,000 | $1,000,000 | December 28, 2017 | $74,856.00 in investments. Payments are still being processed; final number is yet to be determined. | sec.gov |
| November 29, 2017 | Amendment | $50,000 | $1,000,000 | December 28, 2017 | Production postponed until 2018 ; correction only 1 patent was pending not 2 ; the patent has been granted ; company does not own the patent ; extended campaign deadline ; updated business plan. | sec.gov |
| October 19, 2017 | Amendment | $50,000 | $1,000,000 | November 28, 2017 | Extended deadline date, corrected number of shares owned by Benjamin Bondar to match the stated voting power, and updated business plan. | sec.gov |
| September 29, 2017 | Amendment | $50,000 | $1,000,000 | October 28, 2017 | Extended deadline date, and updated business plan. | sec.gov |
| July 28, 2017 | Amendment | $50,000 | $1,000,000 | September 28, 2017 | Extended deadline date, personnel changes, updated financials, updated funding history, no voting rights, cap table changed, and updated business plan. | sec.gov |
| January 25, 2017 | Offering | $50,000 | $1,000,000 | July 28, 2017 | sec.gov |
Updated June 11, 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.