Data / Crowdfunding / New York / Demand Derivatives Corp.
Demand Derivatives Corp.: crowdfunding raise on NetCapital Funding Portal Inc., $10,000 to $411,744 (2023)
Demand Derivatives Corp., a corporation in New York, NY, filed a Form C with the SEC on October 16, 2023 to raise $10,000 to $411,744 in preferred stock through NetCapital Funding Portal Inc.. The offering closed on October 27, 2023. In its most recent fiscal year it reported $4,480 in revenue and a net loss of $87,852, with 4 employees.
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- Website
- demandderivatives.com
- Funding portal
- NetCapital Funding Portal Inc.
- Address
- 99 Wall Street Suite 3901, New York, NY 10005
- Legal form
- Corporation
- Jurisdiction
- DE
- Incorporated
- August 8, 2017
- SEC CIK
- 0001736308
Offering terms
From the amendment filed October 16, 2023.
- Security
- Preferred Stock
- Price
- $16.00
- Target
- $10,000
- Maximum
- $411,744
- Deadline
- October 27, 2023
- Portal compensation
- Up to 4.9% of amount raised for a successful offering and a listing fee of up to $10,000
Financials
From the Form C-U filed November 28, 2023.
| Most recent fiscal year | Prior fiscal year | Source | |
|---|---|---|---|
| Revenue | $4,480 | $1,280 | sec.gov |
| Cost of goods sold | $0 | $0 | sec.gov |
| Net income | $-87,852 | $-142,950 | sec.gov |
| Taxes paid | $0 | $0 | sec.gov |
| Total assets | $20,748 | $53,910 | sec.gov |
| Cash | $11,050 | $12,030 | sec.gov |
| Accounts receivable | $0 | $0 | sec.gov |
| Short-term debt | $24,375 | $0 | sec.gov |
| Long-term debt | $0 | $0 | sec.gov |
Filings
| Filed | Filing | Target | Maximum | Deadline | Note | Source |
|---|---|---|---|---|---|---|
| November 28, 2023 | Progress update | $10,000 | $411,744 | October 27, 2023 | End of offering. Issuer closed its offering with estimated gross proceeds of $55,472. The foregoing is in regard only to the amount raised under the Section 4(a)(6) exemption. | sec.gov |
| October 16, 2023 | Amendment | $10,000 | $411,744 | October 27, 2023 | the issuer extended the offering deadline. | sec.gov |
| July 18, 2023 | Amendment | $10,000 | $411,744 | October 16, 2023 | the issuer extended the offering deadline. | sec.gov |
| May 16, 2023 | Amendment | $10,000 | $411,744 | July 28, 2023 | the issuer extended the offering deadline. | sec.gov |
| February 27, 2023 | Amendment | $10,000 | $411,744 | May 22, 2023 | the issuer extended the offering deadline. | sec.gov |
| January 19, 2023 | Amendment | $10,000 | $411,744 | March 20, 2023 | the issuer provided the updated 2022 review report and reactivated their offering page. | sec.gov |
| January 18, 2023 | Amendment | $10,000 | $411,744 | March 20, 2023 | the issuer extended the offering deadline. | sec.gov |
| December 9, 2022 | Amendment | $10,000 | $411,744 | January 18, 2023 | the issuer extended the offering deadline. | sec.gov |
| September 26, 2022 | Amendment | $10,000 | $411,744 | December 15, 2022 | the issuer extended the offering deadline. | sec.gov |
| May 27, 2022 | Amendment | $10,000 | $411,744 | September 30, 2022 | the issuer extended the offering deadline. | sec.gov |
| April 12, 2022 | Amendment | $10,000 | $411,744 | May 31, 2022 | the issuer updated the video. | sec.gov |
| March 31, 2022 | Offering | $10,000 | $411,744 | May 31, 2022 | sec.gov | |
| August 6, 2021 | Progress update | $10,005 | $1,069,995 | June 22, 2021 | End of offering. Issuer closed its offering with estimated gross proceeds of $122,685. The foregoing is in regard only to the amount raised under the Section 4(a)(6) exemption. | sec.gov |
| May 19, 2021 | Amendment | $10,005 | $1,069,995 | June 22, 2021 | issuer extended the offering date. | sec.gov |
| April 16, 2021 | Amendment | $10,005 | $1,069,995 | May 21, 2021 | issuer extended the offering date. | sec.gov |
| January 20, 2021 | Amendment | $10,005 | $1,069,995 | April 20, 2021 | the issuer extended the offering date. | sec.gov |
| January 5, 2021 | Annual report | Not listed | Not listed | sec.gov | ||
| January 4, 2021 | Amendment | $10,005 | $1,069,995 | January 25, 2021 | issuer updated the financial statements. | sec.gov |
| December 15, 2020 | Amendment | $10,005 | $1,069,995 | January 25, 2021 | issuer extended the offering date. | sec.gov |
| September 14, 2020 | Amendment | $10,005 | $1,069,995 | December 15, 2020 | issuer extended the offering date. | sec.gov |
| July 14, 2020 | Amendment | $10,005 | $1,069,995 | September 22, 2020 | issuer extended the offering date. | sec.gov |
| May 13, 2020 | Amendment | $10,005 | $1,069,995 | July 14, 2020 | issuer updated the offering page. | sec.gov |
| May 5, 2020 | Offering | $10,005 | $1,069,995 | July 14, 2020 | sec.gov |
Updated November 28, 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.