Data / Crowdfunding / Minnesota / DCare Inc
DCare Inc: crowdfunding raise on PicMii Crowdfunding LLC, $10,000 to $1,234,000 (2023)
DCare Inc, a corporation in Saint Paul, MN, filed a Form C with the SEC on October 26, 2023 to raise $10,000 to $1,234,000 in SAFE offering, convertible at an 80% discount rate upon next equity round through PicMii Crowdfunding LLC. The offering closed on April 1, 2024. In its most recent fiscal year it reported $0 in revenue and a net loss of $180,471, with 6 employees.
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- Website
- diaspocare.com
- Funding portal
- PicMii Crowdfunding LLC
- Address
- 2147 UNIVERSITY AVE WEST SUITE 105, Saint Paul, MN 55114
- Legal form
- Corporation
- Jurisdiction
- MN
- Incorporated
- November 29, 2021
- SEC CIK
- 0001942213
Offering terms
From the amendment filed October 26, 2023.
- Security
- SAFE offering, convertible at an 80% discount rate upon next equity round
- Price
- $1.00
- Target
- $10,000
- Maximum
- $1,234,000
- Deadline
- April 1, 2024
- Portal compensation
- PicMii is a FINRA/SEC registered funding portal and will receive cash compensation equal to 4.5% of the value of the securities sold through Regulation CF and $1,500 up-front.
Financials
From the Form C-U filed April 9, 2024.
| Most recent fiscal year | Prior fiscal year | Source | |
|---|---|---|---|
| Revenue | $0 | $0 | sec.gov |
| Cost of goods sold | $0 | $0 | sec.gov |
| Net income | $-180,471 | $-332,001 | sec.gov |
| Taxes paid | $0 | $0 | sec.gov |
| Total assets | $165,174 | $158,229 | sec.gov |
| Cash | $424 | $36,951 | sec.gov |
| Accounts receivable | $0 | $0 | sec.gov |
| Short-term debt | $38,008 | $11,085 | sec.gov |
| Long-term debt | $323,750 | $308,750 | sec.gov |
Filings
| Filed | Filing | Target | Maximum | Deadline | Note | Source |
|---|---|---|---|---|---|---|
| April 9, 2024 | Progress update | $10,000 | $1,234,000 | April 1, 2024 | At the end of the offering, DCare raised $187,500 and sold a total of 187,500 securities (SAFE). | sec.gov |
| October 26, 2023 | Amendment | $10,000 | $1,234,000 | April 1, 2024 | DCare Inc. is adding their 2022 Audited financial statements and increase their raise amount to $1,234,000 | sec.gov |
| May 12, 2023 | Annual report | Not listed | Not listed | sec.gov | ||
| May 11, 2023 | Amendment | $10,000 | $124,000 | July 31, 2023 | DCare Inc. is adding their 2022 financial statements and lowering their maximum raise amount to $124,000 to maintain compliance with regulation crowdfunding since Rule 201bb no longer applies. | sec.gov |
| May 5, 2023 | Progress update | $10,000 | $250,000 | July 31, 2023 | DCare Inc. has received $42,500.00 through their regulation crowdfunding round as of this filing. They have hit their target funding goal. | sec.gov |
| February 15, 2023 | Amendment | $10,000 | $250,000 | July 31, 2023 | DCare Inc. is extending their campaign to July 31st, 2023. | sec.gov |
| August 18, 2022 | Offering | $10,000 | $250,000 | December 31, 2022 | sec.gov |
Updated April 9, 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.