Data / Crowdfunding / California / EarthGrid PBC
EarthGrid PBC: crowdfunding raise on NetCapital Funding Portal Inc., $10,004 to $2,996,400 (2024)
EarthGrid PBC, a corporation in Richmond, CA, filed a Form C with the SEC on September 27, 2024 to raise $10,004 to $2,996,400 in common stock through NetCapital Funding Portal Inc.. The offering closed on October 15, 2024. In its most recent fiscal year it reported $391,255 in revenue and a net loss of $12,883,069, with 28 employees.
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- Website
- www.earthgrid.io
- Funding portal
- NetCapital Funding Portal Inc.
- Address
- 1150 Brickyard Cove Road Suite 300, Richmond, CA 94801
- Legal form
- Corporation
- Jurisdiction
- DE
- Incorporated
- September 23, 2016
- SEC CIK
- 0001918687
Offering terms
From the amendment filed September 27, 2024.
- Security
- Common Stock
- Price
- $5.50
- Target
- $10,004
- Maximum
- $2,996,400
- Deadline
- October 15, 2024
- 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 February 21, 2025.
| Most recent fiscal year | Prior fiscal year | Source | |
|---|---|---|---|
| Revenue | $391,255 | $1,711 | sec.gov |
| Cost of goods sold | $0 | $0 | sec.gov |
| Net income | $-12,883,069 | $-6,558,646 | sec.gov |
| Taxes paid | $0 | $0 | sec.gov |
| Total assets | $1,861,515 | $1,861,515 | sec.gov |
| Cash | $7,688,621 | $397,097 | sec.gov |
| Accounts receivable | $301,623 | $0 | sec.gov |
| Short-term debt | $26,664 | $74,309 | sec.gov |
| Long-term debt | $21,474,836 | $5,625,730 | sec.gov |
Filings
| Filed | Filing | Target | Maximum | Deadline | Note | Source |
|---|---|---|---|---|---|---|
| February 21, 2025 | Progress update | $10,004 | $2,996,400 | October 15, 2024 | End of offering. Issuer closed its offering with estimated gross proceeds of $1,238,292. The foregoing is in regard only to the amount raised under the Section 4(a)(6) exemption. | sec.gov |
| September 27, 2024 | Amendment | $10,004 | $2,996,400 | October 15, 2024 | company extended the offering and updated the team section | sec.gov |
| July 25, 2024 | Amendment | $10,004 | $2,996,400 | September 27, 2024 | issuer extended the offering deadline. | sec.gov |
| July 22, 2024 | Amendment | $10,004 | $2,996,400 | July 26, 2024 | updated cover image, updated video | sec.gov |
| May 22, 2024 | Offering | $10,004 | $2,996,400 | July 26, 2024 | sec.gov | |
| December 22, 2023 | Progress update | $10,003 | $4,999,997 | August 31, 2023 | End of offering. Issuer closed its offering with estimated gross proceeds of $3,277,909. The foregoing is in regard only to the amount raised under the Section 4(a)(6) exemption. | sec.gov |
| June 30, 2023 | Amendment | $10,003 | $4,999,997 | August 31, 2023 | the issuer extended the offering deadline. | sec.gov |
| May 2, 2023 | Amendment | $10,003 | $4,999,997 | June 30, 2023 | the issuer extended the offering deadline. | sec.gov |
| April 28, 2023 | Amendment | $10,003 | $4,999,997 | May 1, 2023 | the issuer updated the offering to include 2022 financials. | sec.gov |
| April 12, 2023 | Amendment | $10,003 | $4,999,997 | May 1, 2023 | the issuer extended the offering deadline. | sec.gov |
| February 27, 2023 | Amendment | $10,003 | $4,999,997 | April 21, 2023 | the issuer extended the offering deadline. | sec.gov |
| January 13, 2023 | Amendment | $10,003 | $4,999,997 | March 10, 2023 | the issuer extended the offering deadline. | sec.gov |
| November 16, 2022 | Amendment | $10,003 | $4,999,997 | January 16, 2023 | the issuer updated the offering to reflect that thei chief revenue officer is no longer with the company. | sec.gov |
| November 14, 2022 | Offering | $10,003 | $4,999,997 | January 16, 2023 | sec.gov |
Also on SpecStream
Updated February 21, 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.