Data / Crowdfunding / Nevada / Boxabl Inc.
Boxabl Inc.: crowdfunding raise on DEALMAKER SECURITIES LLC, $10,000 to $3,265,744 (2023)
Boxabl Inc., a corporation in North Las Vegas, NV, filed a Form C with the SEC on September 26, 2023 to raise $10,000 to $3,265,744 in Non-Voting Series A-2 Preferred Stock through DEALMAKER SECURITIES LLC. The offering closed on October 9, 2023. In its most recent fiscal year it reported $10,867,746 in revenue and a net loss of $610,748,564, with 94 employees.
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- Website
- boxabl.com
- Funding portal
- DEALMAKER SECURITIES LLC
- Address
- 5345 E. N. BELT ROAD, North Las Vegas, NV 89115
- Legal form
- Corporation
- Jurisdiction
- NV
- Incorporated
- December 2, 2017
- SEC CIK
- 0001816937
Offering terms
From the amendment filed September 26, 2023.
- Security
- Non-Voting Series A-2 Preferred Stock
- Price
- $0.80
- Target
- $10,000
- Maximum
- $3,265,744
- Deadline
- October 9, 2023
- Portal compensation
- 8.5% of the amount raised and a $10,000 one-time administrative and compliance fee
Financials
From the Form C-U filed October 19, 2023.
| Most recent fiscal year | Prior fiscal year | Source | |
|---|---|---|---|
| Revenue | $10,867,746 | $1,955,795 | sec.gov |
| Cost of goods sold | $23,667,821 | $5,313,969 | sec.gov |
| Net income | $-610,748,564 | $-13,584,157 | sec.gov |
| Taxes paid | $0 | $0 | sec.gov |
| Total assets | $110,082,401 | $39,212,723 | sec.gov |
| Cash | $9,024,802 | $21,415,506 | sec.gov |
| Accounts receivable | $0 | $488,949 | sec.gov |
| Short-term debt | $9,171,892 | $9,861,411 | sec.gov |
| Long-term debt | $3,090,823 | $36,149,765 | sec.gov |
Filings
| Filed | Filing | Target | Maximum | Deadline | Note | Source |
|---|---|---|---|---|---|---|
| October 19, 2023 | Progress update | $10,000 | $3,265,744 | October 9, 2023 | The offering has closed and the amount raised is approximately $3,265,685.60 | sec.gov |
| September 26, 2023 | Amendment | $10,000 | $3,265,744 | October 9, 2023 | Increasing the maximum offering amount to $3,265,744.00 | sec.gov |
| September 18, 2023 | Offering | $10,000 | $103,621 | October 9, 2023 | sec.gov | |
| September 15, 2023 | Annual report | Not listed | Not listed | sec.gov | ||
| February 27, 2023 | Progress update | $10,000 | $4,961,703 | February 20, 2023 | At the close of the offering, the issuer closed on $4,896,378.34 and 5,913,887 number of securities. | sec.gov |
| November 22, 2022 | Amendment | $10,000 | $4,961,703 | February 20, 2023 | Issuer is extending campaign end date and increasing offering maximum | sec.gov |
| October 6, 2022 | Progress update | $9,999 | $4,999,999 | November 12, 2021 | Adjustment to the initial Form C-U filing. At the close of the offering, the issuer closed on $5,000,960.02 and 6,809,724 number of securities. | sec.gov |
| August 25, 2022 | Amendment | $10,000 | $3,625,572 | November 22, 2022 | minior update in minimum investment amount. | sec.gov |
| August 25, 2022 | Offering | $10,000 | $3,625,572 | November 22, 2022 | sec.gov | |
| May 2, 2022 | Annual report | Not listed | Not listed | sec.gov | ||
| November 15, 2021 | Progress update | $9,999 | $4,999,999 | November 12, 2021 | At the close of the offering, the issuer closed on $4,952,914.56 and 6,975,936 number of securities. | sec.gov |
| October 29, 2021 | Amendment | $9,999 | $4,999,999 | November 12, 2021 | Boxabl is amending and extending their offering. The offering max has increased by $1,069,999.82. The new offering max is $4,999,999.63 and eligibility for inclusion in the campaign will be on a first come first serve basis. | sec.gov |
| June 17, 2021 | Amendment | $9,999 | $3,929,999 | November 1, 2021 | Updated information regarding IP | sec.gov |
| May 13, 2021 | Amendment | $9,999 | $3,929,999 | November 1, 2021 | adding a video | sec.gov |
| May 3, 2021 | Offering | $9,999 | $1,070,000 | November 1, 2021 | sec.gov | |
| April 30, 2021 | Progress update | $100,000 | $1,069,999 | November 13, 2020 | Final dollar amount sold: $1,070,000.00 Shares Sold: 7657141 | sec.gov |
| April 28, 2021 | Annual report | Not listed | Not listed | sec.gov | ||
| September 17, 2020 | Amendment | $100,000 | $1,069,999 | November 13, 2020 | Removing Lead Investor and Custodian structure | sec.gov |
| September 16, 2020 | Amendment | $100,000 | $1,069,999 | November 13, 2020 | Naming Lead Investor | sec.gov |
| August 4, 2020 | Amendment | $100,000 | $1,069,999 | November 13, 2020 | Adding Stockholders Agreement. | sec.gov |
| August 4, 2020 | Amendment | $100,000 | $1,069,999 | November 13, 2020 | Adding Stockholders Agreement. | sec.gov |
| July 14, 2020 | Offering | $100,000 | $1,069,999 | November 13, 2020 | sec.gov |
Also on SpecStream
Updated October 19, 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.