Data / Crowdfunding / California / Drop Water Corp
Drop Water Corp: crowdfunding raise on StartEngine Primary, LLC, $123,999 to $1,234,999 (2025)
Drop Water Corp, a corporation in San Luis Obispo, CA, filed a Form C with the SEC on May 28, 2025 to raise $123,999 to $1,234,999 in Series A Preferred Stock through StartEngine Primary, LLC. The offering closed on August 26, 2025. In its most recent fiscal year it reported $48,249 in revenue and a net loss of $1,846,068, with 9 employees.
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- Website
- www.dropwater.co
- Funding portal
- StartEngine Primary, LLC
- Address
- 850 FIERO LN, San Luis Obispo, CA 93401
- Legal form
- Corporation
- Jurisdiction
- DE
- Incorporated
- December 19, 2013
- SEC CIK
- 0002065437
Offering terms
From the offering filed May 28, 2025.
- Security
- Series A Preferred Stock
- Price
- $0.70
- Target
- $123,999
- Maximum
- $1,234,999
- Deadline
- August 26, 2025
- Portal compensation
- 7 - 13 percent
Financials
From the Form C-U filed June 30, 2025.
| Most recent fiscal year | Prior fiscal year | Source | |
|---|---|---|---|
| Revenue | $48,249 | $106,434 | sec.gov |
| Cost of goods sold | $119,451 | $136,642 | sec.gov |
| Net income | $-1,846,068 | $-1,836,941 | sec.gov |
| Taxes paid | $0 | $0 | sec.gov |
| Total assets | $3,185,332 | $5,046,215 | sec.gov |
| Cash | $1,045,737 | $2,694,229 | sec.gov |
| Accounts receivable | $7,986 | $4,000 | sec.gov |
| Short-term debt | $164,583 | $164,798 | sec.gov |
| Long-term debt | $4,885,091 | $4,991,686 | sec.gov |
Filings
| Filed | Filing | Target | Maximum | Deadline | Note | Source |
|---|---|---|---|---|---|---|
| June 30, 2025 | Progress update | $123,999 | $1,234,999 | August 26, 2025 | The Issuer closed on $0 and no securities. | sec.gov |
| May 28, 2025 | Offering | $123,999 | $1,234,999 | August 26, 2025 | sec.gov |
Updated June 30, 2025. 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.