Data / Crowdfunding / California / Boon VR LLC
Boon VR LLC: crowdfunding raise on OpenDeal Inc., $25,000 to $1,070,000 (2018)
Boon VR LLC, a limited liability company in San Francisco, CA, filed a Form C with the SEC on May 31, 2018 to raise $25,000 to $1,070,000 in Simple Agreement for Future Equity (SAFE) through OpenDeal Inc.. The offering closed on June 11, 2018. In its most recent fiscal year it reported $0 in revenue and a net loss of $301,692.
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- Website
- boonvr.com
- Funding portal
- OpenDeal Inc.
- Address
- 404 BRYANT ST, San Francisco, CA 94107
- Legal form
- Limited Liability Company
- Jurisdiction
- DE
- Incorporated
- March 9, 2016
- SEC CIK
- 0001728855
Offering terms
From the amendment filed May 31, 2018.
- Security
- Simple Agreement for Future Equity (SAFE)
- Price
- $1.00
- Target
- $25,000
- Maximum
- $1,070,000
- Deadline
- June 11, 2018
- Portal compensation
- 5.0% of the gross proceeds of this offering
Financials
From the Form C-AR filed May 2, 2019.
| Most recent fiscal year | Prior fiscal year | Source | |
|---|---|---|---|
| Revenue | $0 | $0 | sec.gov |
| Cost of goods sold | $0 | $0 | sec.gov |
| Net income | $-301,692 | $-237,865 | sec.gov |
| Taxes paid | $0 | $0 | sec.gov |
| Total assets | $74,137 | $4,986 | sec.gov |
| Cash | $42,204 | $1,302 | sec.gov |
| Accounts receivable | $30,727 | $0 | sec.gov |
| Short-term debt | $0 | $0 | sec.gov |
| Long-term debt | $0 | $0 | sec.gov |
Filings
| Filed | Filing | Target | Maximum | Deadline | Note | Source |
|---|---|---|---|---|---|---|
| May 2, 2019 | Annual report | Not listed | Not listed | sec.gov | ||
| July 5, 2018 | Progress update | $25,000 | $1,070,000 | June 11, 2018 | The Company successfully received investment commitments totaling $265,921.00 on June 11, 2018. | sec.gov |
| May 31, 2018 | Amendment | $25,000 | $1,070,000 | June 11, 2018 | This Form C/A is being filed to lower the minimum investment amount per subscriber from $250 to $100. | sec.gov |
| April 23, 2018 | Amendment | $25,000 | $1,070,000 | June 11, 2018 | This Form C/A is being filed to (I) extend the offering's termination date from April 27, 2018 to June 11, 2018, and (ii) amend the terms of the offering by increasing the valuation cap provided in the SAFE from $5 million to $7 million. | sec.gov |
| March 29, 2018 | Amendment | $25,000 | $1,070,000 | April 27, 2018 | The issuer is increasing the minimum investment amount per purchaser from $100 to $250. | sec.gov |
| February 9, 2018 | Offering | $25,000 | $1,070,000 | April 27, 2018 | sec.gov |
Updated May 2, 2019. 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.