Data / Crowdfunding / New York / CLIP.BIKE INC
CLIP.BIKE INC: crowdfunding raise on Wefunder Portal LLC, $50,000 to $250,000 (2023)
CLIP.BIKE INC, a corporation in Brooklyn, NY, filed a Form C with the SEC on April 27, 2023 to raise $50,000 to $250,000 in Simple Agreement for Future Equity (SAFE) through Wefunder Portal LLC. The offering closed on April 29, 2024. In its most recent fiscal year it reported $49,538 in revenue and a net loss of $599,547, with 2 employees.
SpecStream is the live web data engine for teams and agents. It reads every Form C on SEC EDGAR each morning, and this page is that reading. Ask for your own cut (a portal, a state, a size, a revenue range) and new raises arrive in your sheet, CRM, Slack or agent as they land.
- Website
- www.clip.bike
- Funding portal
- Wefunder Portal LLC
- Address
- 19 Morris ave, Brooklyn, NY 11205
- Legal form
- Corporation
- Jurisdiction
- DE
- Incorporated
- June 26, 2018
- SEC CIK
- 0001943901
Offering terms
From the amendment filed April 27, 2023.
- Security
- Simple Agreement for Future Equity (SAFE)
- Price
- $1.00
- Target
- $50,000
- Maximum
- $250,000
- Deadline
- April 29, 2024
- 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 27, 2023.
| Most recent fiscal year | Prior fiscal year | Source | |
|---|---|---|---|
| Revenue | $49,538 | $0 | sec.gov |
| Cost of goods sold | $52,969 | $0 | sec.gov |
| Net income | $-599,547 | $-845,328 | sec.gov |
| Taxes paid | $0 | $0 | sec.gov |
| Total assets | $668,120 | $894,833 | sec.gov |
| Cash | $50,915 | $378,883 | sec.gov |
| Accounts receivable | $0 | $0 | sec.gov |
| Short-term debt | $668,291 | $295,457 | sec.gov |
| Long-term debt | $0 | $0 | sec.gov |
Filings
| Filed | Filing | Target | Maximum | Deadline | Note | Source |
|---|---|---|---|---|---|---|
| April 27, 2023 | Amendment | $50,000 | $250,000 | April 29, 2024 | Added 2022 financial statements, extended campaign close date | sec.gov |
| October 7, 2022 | Amendment | $50,000 | $250,000 | April 30, 2023 | Updating Question 28 of the Form C, including Milestones, runway, future fundraising plans, burn rate, and amount of money already raised in this round. Updated Lead amount invested from $75k to $45k. | sec.gov |
| August 29, 2022 | Offering | $50,000 | $250,000 | April 30, 2023 | sec.gov |
Updated April 27, 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.