Data / Crowdfunding / Minnesota / Davenport SAF-T Systems LLC
Davenport SAF-T Systems LLC: crowdfunding raise on Wefunder Portal LLC, $50,000 to $124,000 (2023)
Davenport SAF-T Systems LLC, a limited liability company in Minneapolis, MN, filed a Form C with the SEC on June 5, 2023 to raise $50,000 to $124,000 in Convertible Note through Wefunder Portal LLC. The offering closed on April 29, 2024. In its most recent fiscal year it reported $12,803 in revenue and a net loss of $76,880, with 1 employees.
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- Website
- davenportsaftsystems.com
- Funding portal
- Wefunder Portal LLC
- Address
- 4148 21st Ave S, Minneapolis, MN 55407
- Legal form
- Limited Liability Company
- Jurisdiction
- MN
- Incorporated
- January 26, 2017
- SEC CIK
- 0001979431
Offering terms
From the offering filed June 5, 2023.
- Security
- Convertible Note
- Price
- $1.00
- Target
- $50,000
- Maximum
- $124,000
- Deadline
- April 29, 2024
- Portal compensation
- <p>6.5% 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.</p>
Financials
From the Form C-AR filed April 19, 2024.
| Most recent fiscal year | Prior fiscal year | Source | |
|---|---|---|---|
| Revenue | $12,803 | $4,339 | sec.gov |
| Cost of goods sold | $0 | $0 | sec.gov |
| Net income | $-76,880 | $-16,277 | sec.gov |
| Taxes paid | $0 | $0 | sec.gov |
| Total assets | $8,479 | $7,915 | sec.gov |
| Cash | $794 | $230 | sec.gov |
| Accounts receivable | $0 | $0 | sec.gov |
| Short-term debt | $5,939 | $635 | sec.gov |
| Long-term debt | $18,000 | $18,000 | sec.gov |
Filings
| Filed | Filing | Target | Maximum | Deadline | Note | Source |
|---|---|---|---|---|---|---|
| April 19, 2024 | Annual report | Not listed | Not listed | sec.gov | ||
| June 5, 2023 | Offering | $50,000 | $124,000 | April 29, 2024 | sec.gov |
Updated April 19, 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.