Data / Crowdfunding / Texas / Calyx Cultivation Tech. Corp.
Calyx Cultivation Tech. Corp.: crowdfunding raise on Wefunder Portal LLC, $50,000 to $1,000,000 (2020)
Calyx Cultivation Tech. Corp., a corporation in Houston, TX, filed a Form C with the SEC on August 11, 2020 to raise $50,000 to $1,000,000 in Simple Agreement for Future Equity (SAFE) through Wefunder Portal LLC. The offering closed on August 29, 2020. In its most recent fiscal year it reported $27,916 in revenue and a net loss of $382,746, with 3 employees.
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- Website
- www.calyxcultivation.com
- Funding portal
- Wefunder Portal LLC
- Address
- 14340 Torrey Chase Blvd Suite 290, Houston, TX 77014
- Legal form
- Corporation
- Jurisdiction
- TX
- Incorporated
- June 21, 2018
- SEC CIK
- 0001800214
Offering terms
From the amendment filed August 11, 2020.
- Security
- Simple Agreement for Future Equity (SAFE)
- Price
- $1.00
- Target
- $50,000
- Maximum
- $1,000,000
- Deadline
- August 29, 2020
- Portal compensation
- <p>7.5% of the offering amount upon a successful fundraise.</p>
Financials
From the Form C/A filed August 11, 2020.
| Most recent fiscal year | Prior fiscal year | Source | |
|---|---|---|---|
| Revenue | $27,916 | $2,624 | sec.gov |
| Cost of goods sold | $13,870 | $7,078 | sec.gov |
| Net income | $-382,746 | $-130,018 | sec.gov |
| Taxes paid | $0 | $0 | sec.gov |
| Total assets | $1,559,892 | $1,708,898 | sec.gov |
| Cash | $1,046 | $347,076 | sec.gov |
| Accounts receivable | $148,730 | $67,245 | sec.gov |
| Short-term debt | $176,126 | $54,000 | sec.gov |
| Long-term debt | $607,489 | $625,893 | sec.gov |
Filings
| Filed | Filing | Target | Maximum | Deadline | Note | Source |
|---|---|---|---|---|---|---|
| August 11, 2020 | Amendment | $50,000 | $1,000,000 | August 29, 2020 | Adding lead investor/custodian and lowering the minimum fundraising target. | sec.gov |
| March 6, 2020 | Amendment | $150,000 | $1,000,000 | May 29, 2020 | Added 2019 financials; updated closing date | sec.gov |
| February 10, 2020 | Offering | $150,000 | $1,000,000 | April 30, 2020 | sec.gov |
Updated August 11, 2020. 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.