Data / Crowdfunding / Delaware / ChipBrain, Inc.
ChipBrain, Inc.: crowdfunding raise on NetCapital Funding Portal Inc., $10,001 to $2,000,019 (2023)
ChipBrain, Inc., a corporation in Lewes, DE, filed a Form C with the SEC on May 26, 2023 to raise $10,001 to $2,000,019 in common stock through NetCapital Funding Portal Inc.. The offering closed on June 30, 2023. In its most recent fiscal year it reported $0 in revenue and a net loss of $976,074, with 13 employees.
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- Website
- www.chipbrain.com
- Funding portal
- NetCapital Funding Portal Inc.
- Address
- 16192 Coastal Highway, Lewes, DE 19958
- Legal form
- Corporation
- Jurisdiction
- DE
- Incorporated
- June 26, 2020
- SEC CIK
- 0001821954
Offering terms
From the amendment filed May 26, 2023.
- Security
- Common Stock
- Price
- $4.74
- Target
- $10,001
- Maximum
- $2,000,019
- Deadline
- June 30, 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/A filed May 26, 2023.
| Most recent fiscal year | Prior fiscal year | Source | |
|---|---|---|---|
| Revenue | $0 | $0 | sec.gov |
| Cost of goods sold | $0 | $0 | sec.gov |
| Net income | $-976,074 | $-38,227 | sec.gov |
| Taxes paid | $0 | $0 | sec.gov |
| Total assets | $713,377 | $201,908 | sec.gov |
| Cash | $711,551 | $197,295 | sec.gov |
| Accounts receivable | $0 | $0 | sec.gov |
| Short-term debt | $0 | $0 | sec.gov |
| Long-term debt | $737,295 | $0 | sec.gov |
Filings
| Filed | Filing | Target | Maximum | Deadline | Note | Source |
|---|---|---|---|---|---|---|
| May 26, 2023 | Amendment | $10,001 | $2,000,019 | June 30, 2023 | the issuer extended the offering deadline. | sec.gov |
| May 2, 2023 | Amendment | $10,001 | $2,000,019 | May 26, 2023 | the issuer extended the offering deadline. | sec.gov |
| April 13, 2023 | Amendment | $10,001 | $2,000,019 | May 1, 2023 | the issuer extended the offering deadline. | sec.gov |
| January 30, 2023 | Amendment | $10,001 | $2,000,019 | April 13, 2023 | the issuer extended the offering deadline. | sec.gov |
| December 5, 2022 | Amendment | $10,001 | $2,000,019 | February 13, 2023 | the issuer extended the offering deadline. | sec.gov |
| October 3, 2022 | Amendment | $10,001 | $2,000,019 | December 5, 2022 | issuer made edits to the offering page. | sec.gov |
| October 3, 2022 | Offering | $10,001 | $2,000,019 | December 5, 2022 | sec.gov | |
| October 3, 2022 | Annual report | Not listed | Not listed | sec.gov | ||
| September 30, 2022 | Annual report | Not listed | Not listed | sec.gov | ||
| August 6, 2021 | Progress update | $10,000 | $821,155 | May 1, 2021 | End of offering. Issuer closed its offering with estimated gross proceeds of $716,664. The foregoing is in regard only to the amount raised under the Section 4(a)(6) exemption. | sec.gov |
| March 16, 2021 | Amendment | $10,000 | $821,155 | May 1, 2021 | issuer extended the offering date. | sec.gov |
| January 27, 2021 | Amendment | $10,000 | $821,155 | March 20, 2021 | issuer updated the price per share, number of shares authorized, number of shares offered, financial condition, and risk sections. | sec.gov |
| January 21, 2021 | Amendment | $10,000 | $821,152 | March 20, 2021 | issuer made edits to the number of shares outstanding and authorized to correctly reflect their cap table. | sec.gov |
| January 19, 2021 | Offering | $10,000 | $821,152 | March 20, 2021 | sec.gov | |
| October 27, 2020 | Progress update | $10,000 | $248,844 | October 26, 2020 | End of offering. Issuer closed its offering with estimated gross proceeds of $248,845. The foregoing is in regard only to the amount raised under the Section 4(a)(6) exemption. | sec.gov |
| August 26, 2020 | Offering | $10,000 | $248,844 | October 26, 2020 | sec.gov |
Updated May 26, 2023. 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.