Data / Crowdfunding / Illinois / Cityzenith Holdings, Inc.
Cityzenith Holdings, Inc.: crowdfunding raise on Wefunder Portal LLC, $50,000 to $4,999,999 (2021)
Cityzenith Holdings, Inc., a corporation in Chicago, IL, filed a Form C with the SEC on July 6, 2021 to raise $50,000 to $4,999,999 in common stock through Wefunder Portal LLC. The offering closed on April 30, 2022. In its most recent fiscal year it reported $5,000 in revenue and a net loss of $1,585,772, with 20 employees.
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- Website
- cityzenith.com
- Funding portal
- Wefunder Portal LLC
- Address
- 2506 N CLARK ST Suite #235, Chicago, IL 60614
- Legal form
- Corporation
- Jurisdiction
- DE
- Incorporated
- April 23, 2009
- SEC CIK
- 0001778262
Offering terms
From the offering filed July 6, 2021.
- Security
- Common Stock
- Price
- $1.50
- Target
- $50,000
- Maximum
- $4,999,999
- Deadline
- April 30, 2022
- 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 filed July 6, 2021.
| Most recent fiscal year | Prior fiscal year | Source | |
|---|---|---|---|
| Revenue | $5,000 | $152,018 | sec.gov |
| Cost of goods sold | $0 | $0 | sec.gov |
| Net income | $-1,585,772 | $-1,292,065 | sec.gov |
| Taxes paid | $35,693 | $47,035 | sec.gov |
| Total assets | $1,038,801 | $782,094 | sec.gov |
| Cash | $86,144 | $483,321 | sec.gov |
| Accounts receivable | $0 | $71,567 | sec.gov |
| Short-term debt | $3,629,553 | $3,501,339 | sec.gov |
| Long-term debt | $52,423 | $0 | sec.gov |
Filings
| Filed | Filing | Target | Maximum | Deadline | Note | Source |
|---|---|---|---|---|---|---|
| July 6, 2021 | Offering | $50,000 | $4,999,999 | April 30, 2022 | sec.gov | |
| May 5, 2021 | Annual report | Not listed | Not listed | sec.gov | ||
| November 1, 2019 | Progress update | $25,000 | $1,070,000 | December 13, 2019 | The Offering closed successfully on 10/31/2019, having received investment commitments of $1,070,000. | sec.gov |
| October 22, 2019 | Amendment | $25,000 | $1,070,000 | December 13, 2019 | The Form C has been amended to note the end of the term of one Director, his replacement, and an update on the resolution of certain litigation. | sec.gov |
| August 23, 2019 | Amendment | $25,000 | $1,070,000 | December 13, 2019 | The company is providing this Form C to update current and prospective investor on capital formation activities undertaken by the company since the last Form C filing. | sec.gov |
| August 5, 2019 | Amendment | $25,000 | $1,070,000 | December 13, 2019 | This filing is to fix a scriveners error with the previous Form C/A's .html, the correct offering deadline is 12-13-2019 | sec.gov |
| August 5, 2019 | Amendment | $25,000 | $1,070,000 | October 31, 2019 | The offering is hereby amended to I) extend the offering deadline and II) amend the terms of the security instrument offered. | sec.gov |
| June 12, 2019 | Offering | $25,000 | $1,070,000 | October 31, 2019 | sec.gov |
Updated July 6, 2021. 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.