Data / Crowdfunding / California / Boomerang Bike CORP
Boomerang Bike CORP: crowdfunding raise on Silicon Prairie Online LLC, $10,000 to $1,070,000 (2022)
Boomerang Bike CORP, a corporation in Sunnyvale, CA, filed a Form C with the SEC on June 22, 2022 to raise $10,000 to $1,070,000 in common stock through Silicon Prairie Online LLC. The offering closed on October 20, 2022. In its most recent fiscal year it reported $192,161 in revenue and a net loss of $482,826, with 8 employees.
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- Website
- boomerangbike.com
- Funding portal
- Silicon Prairie Online LLC
- Address
- 440 N. WOLFE RD STE 172, Sunnyvale, CA 94085
- Legal form
- Corporation
- Jurisdiction
- DE
- Incorporated
- July 2, 2013
- SEC CIK
- 0001590725
Offering terms
From the amendment filed June 22, 2022.
- Security
- Common Stock
- Price
- $0.33
- Target
- $10,000
- Maximum
- $1,070,000
- Deadline
- October 20, 2022
- Portal compensation
- $250 onboarding fee plus commission of up to 5%
Financials
From the Form C/A filed June 22, 2022.
| Most recent fiscal year | Prior fiscal year | Source | |
|---|---|---|---|
| Revenue | $192,161 | $104,305 | sec.gov |
| Cost of goods sold | $234,652 | $59,027 | sec.gov |
| Net income | $-482,826 | $-700,038 | sec.gov |
| Taxes paid | $4,123 | $0 | sec.gov |
| Total assets | $258,910 | $157,874 | sec.gov |
| Cash | $6,307 | $72,451 | sec.gov |
| Accounts receivable | $0 | $2,204 | sec.gov |
| Short-term debt | $392,876 | $323,097 | sec.gov |
| Long-term debt | $52,974 | $2,204,358 | sec.gov |
Filings
| Filed | Filing | Target | Maximum | Deadline | Note | Source |
|---|---|---|---|---|---|---|
| June 22, 2022 | Amendment | $10,000 | $1,070,000 | October 20, 2022 | Correct offering amounts from prior filed amendment | sec.gov |
| June 21, 2022 | Amendment | $9,999 | $1,069,999 | October 19, 2022 | Change of intermediary and extension of offering deadline | sec.gov |
| May 4, 2022 | Progress update | $9,999 | $1,069,999 | April 30, 2022 | At the close of the offering, the issuer closed on $34,614.04 and 110,607 number of securities. | sec.gov |
| March 18, 2022 | Amendment | $9,999 | $1,069,999 | April 30, 2022 | The issuer is extending their campaign close date to 4/30/2022. | sec.gov |
| December 21, 2021 | Offering | $9,999 | $1,069,999 | March 21, 2022 | sec.gov |
Updated June 22, 2022. 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.