Data / Crowdfunding / Texas / Brane Incorporated
Brane Incorporated: crowdfunding raise on Wefunder Portal LLC, $100,000 to $1,070,000 (2021)
Brane Incorporated, a corporation in Plano, TX, filed a Form C with the SEC on June 17, 2021 to raise $100,000 to $1,070,000 in Convertible Note through Wefunder Portal LLC. The offering closed on April 30, 2022. In its most recent fiscal year it reported $0 in revenue and a net loss of $177,475, with 3 employees.
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- Website
- www.braneinc.com
- Funding portal
- Wefunder Portal LLC
- Address
- 6900 N Dallas Pkwy, Plano, TX 75024
- Legal form
- Corporation
- Jurisdiction
- NV
- Incorporated
- October 15, 2020
- SEC CIK
- 0001849929
Offering terms
From the amendment filed June 17, 2021.
- Security
- Convertible Note
- Price
- $1.00
- Target
- $100,000
- Maximum
- $1,070,000
- Deadline
- April 30, 2022
- Portal compensation
- 6.5% 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/A filed June 17, 2021.
| Most recent fiscal year | Prior fiscal year | Source | |
|---|---|---|---|
| Revenue | $0 | $0 | sec.gov |
| Cost of goods sold | $0 | $0 | sec.gov |
| Net income | $-177,475 | $0 | sec.gov |
| Taxes paid | $0 | $0 | sec.gov |
| Total assets | $50 | $0 | sec.gov |
| Cash | $50 | $0 | sec.gov |
| Accounts receivable | $0 | $0 | sec.gov |
| Short-term debt | $167,500 | $0 | sec.gov |
| Long-term debt | $0 | $0 | sec.gov |
Filings
| Filed | Filing | Target | Maximum | Deadline | Note | Source |
|---|---|---|---|---|---|---|
| June 17, 2021 | Amendment | $100,000 | $1,070,000 | April 30, 2022 | Switching crowdfunding platforms. | sec.gov |
| May 14, 2021 | Amendment | $5,000 | $1,070,000 | June 30, 2021 | The issuer is revising its use or proceeds to reflect an anticipated related party transaction. The issuer is also reflecting a change in its engaged transfer agent. | sec.gov |
| March 19, 2021 | Offering | $5,000 | $1,070,000 | June 30, 2021 | sec.gov |
Updated June 17, 2021. 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.