Data / Crowdfunding / California / Cadence Health, Inc.
Cadence Health, Inc.: crowdfunding raise on Wefunder Portal LLC, $100,000 to $3,000,000 (2024)
Cadence Health, Inc., a company in Oakland, CA, filed a Form C with the SEC on April 26, 2024 to raise $100,000 to $3,000,000 in Convertible Note through Wefunder Portal LLC. The offering closed on April 30, 2025. In its most recent fiscal year it reported $1,317,041 in revenue and a net loss of $5,201,501, with 6 employees.
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- Website
- cadenceotc.com
- Funding portal
- Wefunder Portal LLC
- Address
- 1440 Broadway Suite 750, Oakland, CA 94612
- Legal form
- Other
- Jurisdiction
- DE
- Incorporated
- September 29, 2014
- SEC CIK
- 0001732157
Offering terms
From the amendment filed April 26, 2024.
- Security
- Convertible Note
- Price
- $1.00
- Target
- $100,000
- Maximum
- $3,000,000
- Deadline
- April 30, 2025
- Portal compensation
- 7.9% 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 April 17, 2025.
| Most recent fiscal year | Prior fiscal year | Source | |
|---|---|---|---|
| Revenue | $1,317,041 | $27,737 | sec.gov |
| Cost of goods sold | $574,198 | $17,498 | sec.gov |
| Net income | $-5,201,501 | $-4,860,280 | sec.gov |
| Taxes paid | $0 | $0 | sec.gov |
| Total assets | $8,846,562 | $6,639,883 | sec.gov |
| Cash | $5,861,884 | $4,119,343 | sec.gov |
| Accounts receivable | $428,908 | $27,648 | sec.gov |
| Short-term debt | $1,619,632 | $568,051 | sec.gov |
| Long-term debt | $6,846,619 | $708,532 | sec.gov |
Filings
| Filed | Filing | Target | Maximum | Deadline | Note | Source |
|---|---|---|---|---|---|---|
| April 17, 2025 | Annual report | Not listed | Not listed | sec.gov | ||
| April 26, 2024 | Amendment | $100,000 | $3,000,000 | April 30, 2025 | Adding 2023 financial statements, extending the close | sec.gov |
| March 15, 2024 | Amendment | $100,000 | $3,000,000 | April 29, 2024 | Adding Early Bird terms | sec.gov |
| March 8, 2024 | Offering | $100,000 | $3,000,000 | April 29, 2024 | sec.gov |
Updated April 17, 2025. 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.