Data / Crowdfunding / Illinois / Elevare Technologies, Inc.
Elevare Technologies, Inc.: crowdfunding raise on RIALTO MARKETS LLC, $250,000 to $5,000,000 (2023)
Elevare Technologies, Inc., a corporation in St. Charles, IL, filed a Form C with the SEC on October 2, 2023 to raise $250,000 to $5,000,000 in Class B Common Stock through RIALTO MARKETS LLC. The offering closed on March 31, 2024. In its most recent fiscal year it reported $24,894 in revenue and a net loss of $1,170,245, with 5 employees.
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- Website
- www.elevaretechnologies.com
- Funding portal
- RIALTO MARKETS LLC
- Address
- 100 ILLINOIS STREET SUITE 200, St. Charles, IL 60174
- Legal form
- Corporation
- Jurisdiction
- DE
- Incorporated
- March 30, 2022
- SEC CIK
- 0001969703
Offering terms
From the amendment filed October 2, 2023.
- Security
- Class B Common Stock
- Price
- $10.00
- Target
- $250,000
- Maximum
- $5,000,000
- Deadline
- March 31, 2024
- Portal compensation
- At the conclusion of the Offering, the Issuer shall pay a fee of three percent (3%) of the amount raised in the Offering to the Intermediary.
Financials
From the Form C/A filed October 2, 2023.
| Most recent fiscal year | Prior fiscal year | Source | |
|---|---|---|---|
| Revenue | $24,894 | $0 | sec.gov |
| Cost of goods sold | $0 | $0 | sec.gov |
| Net income | $-1,170,245 | $0 | sec.gov |
| Taxes paid | $0 | $0 | sec.gov |
| Total assets | $1,037,166 | $0 | sec.gov |
| Cash | $-34,572 | $0 | sec.gov |
| Accounts receivable | $0 | $0 | sec.gov |
| Short-term debt | $787,428 | $0 | sec.gov |
| Long-term debt | $1,450,000 | $0 | sec.gov |
Filings
| Filed | Filing | Target | Maximum | Deadline | Note | Source |
|---|---|---|---|---|---|---|
| October 2, 2023 | Amendment | $250,000 | $5,000,000 | March 31, 2024 | Elevare Technologies, Inc. has extended the deadline to reach the target offering amount from October 1, 2023 to March 31, 2024. | sec.gov |
| October 2, 2023 | Amendment | $250,000 | $5,000,000 | March 31, 2024 | Elevare Technologies, Inc. has extended the deadline to reach the target offering amount from October 1, 2023 to March 31, 2024. | sec.gov |
| May 30, 2023 | Offering | $250,000 | $5,000,000 | October 1, 2023 | sec.gov | |
| May 30, 2023 | Withdrawal | Not listed | Not listed | sec.gov | ||
| May 2, 2023 | Amendment | $250,000 | $5,000,000 | October 1, 2023 | Elevare Technologies, Inc.'s offering is conducted through Rialto Markets LLC. The Maximum Amount of the Offering is updated to $5,00,000 and financial statements were updated to include audited financials and CPA report. | sec.gov |
| March 22, 2023 | Offering | $250,000 | $1,235,000 | October 1, 2023 | sec.gov |
Updated October 2, 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.