Data / Crowdfunding / California / Cityfreighter Inc.
Cityfreighter Inc.: crowdfunding raise on Wefunder Portal LLC, $50,000 to $5,000,000 (2024)
Cityfreighter Inc., a corporation in Santa Barbara, CA, filed a Form C with the SEC on April 29, 2024 to raise $50,000 to $5,000,000 in Simple Agreement for Future Equity (SAFE) through Wefunder Portal LLC. The offering closed on April 30, 2025. In its most recent fiscal year it reported $0 in revenue and a net loss of $201,766.
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- Website
- cityfreighter.com
- Funding portal
- Wefunder Portal LLC
- Address
- 414 Olive St., Santa Barbara, CA 93101
- Legal form
- Corporation
- Jurisdiction
- DE
- Incorporated
- June 26, 2018
- SEC CIK
- 0001750512
Offering terms
From the amendment filed April 29, 2024.
- Security
- Simple Agreement for Future Equity (SAFE)
- Price
- $1.00
- Target
- $50,000
- Maximum
- $5,000,000
- Deadline
- April 30, 2025
- Portal compensation
- 7.5% 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/A filed April 29, 2024.
| Most recent fiscal year | Prior fiscal year | Source | |
|---|---|---|---|
| Revenue | $0 | $0 | sec.gov |
| Cost of goods sold | $0 | $0 | sec.gov |
| Net income | $-201,766 | $-255,932 | sec.gov |
| Taxes paid | $0 | $0 | sec.gov |
| Total assets | $1,103,823 | $1,051,034 | sec.gov |
| Cash | $68,026 | $379 | sec.gov |
| Accounts receivable | $0 | $0 | sec.gov |
| Short-term debt | $443,797 | $434,414 | sec.gov |
| Long-term debt | $0 | $30,309 | sec.gov |
Filings
| Filed | Filing | Target | Maximum | Deadline | Note | Source |
|---|---|---|---|---|---|---|
| April 29, 2024 | Amendment | $50,000 | $5,000,000 | April 30, 2025 | Adding 2023 financials and extending campaign. | sec.gov |
| December 13, 2023 | Amendment | $50,000 | $5,000,000 | April 29, 2024 | Adding VIP terms | sec.gov |
| May 1, 2023 | Offering | $50,000 | $5,000,000 | April 29, 2024 | sec.gov | |
| April 28, 2023 | Annual report | Not listed | Not listed | sec.gov | ||
| July 17, 2020 | Offering | $50,000 | $535,000 | November 13, 2020 | sec.gov | |
| June 10, 2020 | Annual report | Not listed | Not listed | sec.gov | ||
| June 10, 2020 | Annual report | Not listed | Not listed | sec.gov | ||
| October 23, 2019 | Progress update | $10,000 | $1,070,000 | April 8, 2019 | Adjustment to the initial Form C-U filing of 04/09/2019. At the close of the offering, the issuer closed on $105,100 and 10,537 number of securities. | sec.gov |
| April 9, 2019 | Progress update | $10,000 | $1,070,000 | April 8, 2019 | At the close of the offering, the issuer closed on $105,100 and 10,537 number of securities. | sec.gov |
| February 4, 2019 | Amendment | $10,000 | $1,070,000 | April 8, 2019 | Issuer is extending the length of their campaign by 60 days. | sec.gov |
| December 3, 2018 | Amendment | $10,000 | $1,070,000 | February 5, 2019 | Issuer is extending the length of their campaign by 60 days. | sec.gov |
| September 7, 2018 | Offering | $10,000 | $1,070,000 | December 7, 2018 | sec.gov | |
| September 7, 2018 | Offering | $10,000 | $1,070,000 | December 7, 2018 | 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.