Data / Crowdfunding / Massachusetts / Boundless Robotics Inc.
Boundless Robotics Inc.: crowdfunding raise on Wefunder Portal LLC, $250,000 to $1,000,000 (2022)
Boundless Robotics Inc., a corporation in Boston, MA, filed a Form C with the SEC on November 2, 2022 to raise $250,000 to $1,000,000 in Simple Agreement for Future Equity (SAFE) through Wefunder Portal LLC. The offering closed on April 30, 2023. In its most recent fiscal year it reported $20,075 in revenue and a net loss of $398,768, with 1 employees.
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- Website
- boundlessrobotics.com
- Funding portal
- Wefunder Portal LLC
- Address
- 12 Channel Street Suite 202 (C/o MassRobotics), Boston, MA 02210
- Legal form
- Corporation
- Jurisdiction
- MA
- Incorporated
- September 18, 2019
- SEC CIK
- 0001943902
Offering terms
From the amendment filed November 2, 2022.
- Security
- Simple Agreement for Future Equity (SAFE)
- Price
- $1.00
- Target
- $250,000
- Maximum
- $1,000,000
- Deadline
- April 30, 2023
- 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-AR filed March 21, 2023.
| Most recent fiscal year | Prior fiscal year | Source | |
|---|---|---|---|
| Revenue | $20,075 | $11,995 | sec.gov |
| Cost of goods sold | $30,554 | $1,608 | sec.gov |
| Net income | $-398,768 | $-365,252 | sec.gov |
| Taxes paid | $0 | $0 | sec.gov |
| Total assets | $871,069 | $389,351 | sec.gov |
| Cash | $851,164 | $312,290 | sec.gov |
| Accounts receivable | $0 | $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 |
|---|---|---|---|---|---|---|
| March 21, 2023 | Annual report | Not listed | Not listed | sec.gov | ||
| November 2, 2022 | Amendment | $250,000 | $1,000,000 | April 30, 2023 | NM C/A - Lowering the valuation caps and adding past raise. | sec.gov |
| September 1, 2022 | Offering | $250,000 | $1,000,000 | April 30, 2023 | sec.gov |
Updated March 21, 2023. 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.