Data / Crowdfunding / Alabama / CAVU Benefit Corp
CAVU Benefit Corp: crowdfunding raise on OpenDeal Portal LLC, $25,000 to $500,000 (2022)
CAVU Benefit Corp, a corporation in Birmingham, AL, filed a Form C with the SEC on May 26, 2022 to raise $25,000 to $500,000 in Crowd SAFE (Simple Agreement for Future Equity) through OpenDeal Portal LLC. The offering closed on April 1, 2023. In its most recent fiscal year it reported $161,873 in revenue and a net loss of $12,684, with 8 employees.
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- Website
- cavu.co
- Funding portal
- OpenDeal Portal LLC
- Address
- 2901 2ND AVENUE SOUTH SUITE 200, Birmingham, AL 35233
- Legal form
- Corporation
- Jurisdiction
- AL
- Incorporated
- October 21, 2021
- SEC CIK
- 0001917974
Offering terms
From the offering filed May 26, 2022.
- Security
- Crowd SAFE (Simple Agreement for Future Equity)
- Price
- $1.00
- Target
- $25,000
- Maximum
- $500,000
- Deadline
- April 1, 2023
- Portal compensation
- At the conclusion of the offering, the issuer shall pay a fee of six percent (6%) of the amount raised in the offering to the Intermediary.
Financials
From the Form C-U filed October 31, 2022.
| Most recent fiscal year | Prior fiscal year | Source | |
|---|---|---|---|
| Revenue | $161,873 | $0 | sec.gov |
| Cost of goods sold | $20,764 | $0 | sec.gov |
| Net income | $-12,684 | $0 | sec.gov |
| Taxes paid | $0 | $0 | sec.gov |
| Total assets | $230,546 | $0 | sec.gov |
| Cash | $59,408 | $0 | sec.gov |
| Accounts receivable | $167,492 | $0 | sec.gov |
| Short-term debt | $235,030 | $0 | sec.gov |
| Long-term debt | $0 | $0 | sec.gov |
Filings
| Filed | Filing | Target | Maximum | Deadline | Note | Source |
|---|---|---|---|---|---|---|
| October 31, 2022 | Progress update | $25,000 | $500,000 | April 1, 2023 | The Offering closed successfully on 10/29/2022, having received investment commitments of $31,775, although a final accounting has not taken place. | sec.gov |
| May 26, 2022 | Offering | $25,000 | $500,000 | April 1, 2023 | sec.gov |
Updated October 31, 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.