Data / Crowdfunding / California / Cloud Cover Media, Inc.
Cloud Cover Media, Inc.: crowdfunding raise on EquityBender LLC, $50,000 to $1,070,000 (2018)
Cloud Cover Media, Inc., a corporation in Santa Monica, CA, filed a Form C with the SEC on March 23, 2018 to raise $50,000 to $1,070,000 in SAFE (Simple Agreement for Future Equity) through EquityBender LLC. The offering closed on April 22, 2018. In its most recent fiscal year it reported $634,259 in revenue and a net loss of $828,496, with 12 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.cloudcovermusic.com
- Funding portal
- EquityBender LLC
- Address
- 1634 19TH STREET, Santa Monica, CA 90404
- Legal form
- Corporation
- Jurisdiction
- CA
- Incorporated
- October 10, 2011
- SEC CIK
- 0001721104
Offering terms
From the amendment filed March 23, 2018.
- Security
- SAFE (Simple Agreement for Future Equity)
- Price
- $1.00
- Target
- $50,000
- Maximum
- $1,070,000
- Deadline
- April 22, 2018
- Portal compensation
- 5% of total amount raised.
Financials
From the Form C/A filed March 23, 2018.
| Most recent fiscal year | Prior fiscal year | Source | |
|---|---|---|---|
| Revenue | $634,259 | $450,958 | sec.gov |
| Cost of goods sold | $294,404 | $259,288 | sec.gov |
| Net income | $-828,496 | $-682,876 | sec.gov |
| Taxes paid | $800 | $1,257 | sec.gov |
| Total assets | $57,179 | $35,620 | sec.gov |
| Cash | $39,179 | $22,620 | sec.gov |
| Accounts receivable | $0 | $0 | sec.gov |
| Short-term debt | $0 | $0 | sec.gov |
| Long-term debt | $902,000 | $510,000 | sec.gov |
Filings
| Filed | Filing | Target | Maximum | Deadline | Note | Source |
|---|---|---|---|---|---|---|
| March 23, 2018 | Amendment | $50,000 | $1,070,000 | April 22, 2018 | Extending the offering termination date to April 22, 2018 | sec.gov |
| March 23, 2018 | Amendment | $50,000 | $1,070,000 | April 22, 2018 | Extending the termination date of the offering to April 22, 2018 | sec.gov |
| January 24, 2018 | Amendment | $50,000 | $1,070,000 | March 23, 2018 | Target Amount reduced to $50,000 from $200,000. | sec.gov |
| January 23, 2018 | Amendment | $50,000 | $1,070,000 | March 22, 2018 | Target Amount reduced to $50,000 from $200,000. | sec.gov |
| January 23, 2018 | Amendment | $50,000 | $1,070,000 | March 22, 2018 | Target Amount reduced to $50,000 from $200,000. | sec.gov |
| January 19, 2018 | Offering | $200,000 | $1,070,000 | March 22, 2018 | sec.gov |
Updated March 23, 2018. 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.