Data / Crowdfunding / Massachusetts / Catailyst Inc.
Catailyst Inc.: crowdfunding raise on NetCapital Funding Portal Inc., $10,000 to $1,235,000 (2023)
Catailyst Inc., a corporation in Needham, MA, filed a Form C with the SEC on November 9, 2023 to raise $10,000 to $1,235,000 in common stock through NetCapital Funding Portal Inc.. The offering closed on November 16, 2023. In its most recent fiscal year it reported $25,000 in revenue and a net loss of $92,925, with 1 employees.
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- Website
- catailyst.ai
- Funding portal
- NetCapital Funding Portal Inc.
- Address
- 1 PAUL REVERE ROAD, Needham, MA 02494
- Legal form
- Corporation
- Jurisdiction
- DE
- Incorporated
- May 31, 2019
- SEC CIK
- 0001967875
Offering terms
From the amendment filed November 9, 2023.
- Security
- Common Stock
- Price
- $10.00
- Target
- $10,000
- Maximum
- $1,235,000
- Deadline
- November 16, 2023
- Portal compensation
- Up to 4.9% of amount raised for a successful offering and a listing fee of up to $10,000
Financials
From the Form C-AR filed April 29, 2024.
| Most recent fiscal year | Prior fiscal year | Source | |
|---|---|---|---|
| Revenue | $25,000 | $25,500 | sec.gov |
| Cost of goods sold | $2,421 | $4,183 | sec.gov |
| Net income | $-92,925 | $-11,345 | sec.gov |
| Taxes paid | $906 | $456 | sec.gov |
| Total assets | $163,971 | $21,576 | sec.gov |
| Cash | $34,415 | $12,392 | sec.gov |
| Accounts receivable | $0 | $990 | sec.gov |
| Short-term debt | $0 | $0 | sec.gov |
| Long-term debt | $50,035 | $50,035 | sec.gov |
Filings
| Filed | Filing | Target | Maximum | Deadline | Note | Source |
|---|---|---|---|---|---|---|
| April 29, 2024 | Annual report | Not listed | Not listed | sec.gov | ||
| December 22, 2023 | Progress update | $10,000 | $1,235,000 | November 16, 2023 | End of offering. Issuer closed its offering with estimated gross proceeds of $249,440. The foregoing is in regard only to the amount raised under the Section 4(a)(6) exemption. | sec.gov |
| November 9, 2023 | Amendment | $10,000 | $1,235,000 | November 16, 2023 | issuer extended the offering deadline and changed the minimum investment amount. | sec.gov |
| October 11, 2023 | Amendment | $10,000 | $1,235,000 | November 9, 2023 | issuer extended the offering deadline and made changes to the offering page. | sec.gov |
| September 26, 2023 | Amendment | $10,000 | $1,235,000 | October 16, 2023 | issuer changed the minimum investment amount | sec.gov |
| September 1, 2023 | Amendment | $10,000 | $1,235,000 | October 16, 2023 | the issuer extended the offering deadline. | sec.gov |
| July 6, 2023 | Amendment | $10,000 | $1,235,000 | September 11, 2023 | the issuer extended the offering deadline. | sec.gov |
| May 9, 2023 | Amendment | $10,000 | $1,235,000 | July 10, 2023 | the issuer updated the offering deadline. | sec.gov |
| March 10, 2023 | Amendment | $10,000 | $1,235,000 | May 12, 2023 | the issuer updated the key people section of the offering statement. | sec.gov |
| March 9, 2023 | Amendment | $10,000 | $1,235,000 | May 12, 2023 | the issuer made a small change to the offering statement. | sec.gov |
| March 9, 2023 | Offering | $10,000 | $1,235,000 | May 12, 2023 | sec.gov |
Updated April 29, 2024. 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.