Data / Crowdfunding / Texas / BTP Automation Inc.
BTP Automation Inc.: crowdfunding raise on Wefunder Portal LLC, $50,000 to $1,000,000 (2022)
BTP Automation Inc., a corporation in Plano, TX, filed a Form C with the SEC on June 22, 2022 to raise $50,000 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 $0 in revenue and a net loss of $941,414, with 4 employees.
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- Website
- www.btpautomation.com
- Funding portal
- Wefunder Portal LLC
- Address
- 4509 Salerno Circle, Plano, TX 75093
- Legal form
- Corporation
- Jurisdiction
- DE
- Incorporated
- July 13, 2020
- SEC CIK
- 0001931185
Offering terms
From the offering filed June 22, 2022.
- Security
- Simple Agreement for Future Equity (SAFE)
- Price
- $1.00
- Target
- $50,000
- 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 filed June 22, 2022.
| Most recent fiscal year | Prior fiscal year | Source | |
|---|---|---|---|
| Revenue | $0 | $0 | sec.gov |
| Cost of goods sold | $0 | $0 | sec.gov |
| Net income | $-941,414 | $-171,653 | sec.gov |
| Taxes paid | $0 | $0 | sec.gov |
| Total assets | $79,886 | $295,630 | sec.gov |
| Cash | $75,033 | $295,630 | sec.gov |
| Accounts receivable | $0 | $0 | sec.gov |
| Short-term debt | $7,222 | $1,553 | sec.gov |
| Long-term debt | $0 | $0 | sec.gov |
Filings
| Filed | Filing | Target | Maximum | Deadline | Note | Source |
|---|---|---|---|---|---|---|
| June 22, 2022 | Offering | $50,000 | $1,000,000 | April 30, 2023 | 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.