Data / Crowdfunding / New York / Equity Multiple, Inc.
Equity Multiple, Inc.: crowdfunding raise on Wefunder Portal LLC, $50,000 to $3,500,000 (2024)
Equity Multiple, Inc., a corporation in New York, NY, filed a Form C with the SEC on March 7, 2024 to raise $50,000 to $3,500,000 in Simple Agreement for Future Equity (SAFE) through Wefunder Portal LLC. The offering closed on April 29, 2024. In its most recent fiscal year it reported $9,656,792 in revenue and a net loss of $5,565,754, with 38 employees.
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- Website
- www.equitymultiple.com
- Funding portal
- Wefunder Portal LLC
- Address
- 91 Fifth Ave Flr 5, New York, NY 10003
- Legal form
- Corporation
- Jurisdiction
- DE
- Incorporated
- February 11, 2015
- SEC CIK
- 0001637278
Offering terms
From the amendment filed March 7, 2024.
- Security
- Simple Agreement for Future Equity (SAFE)
- Price
- $1.00
- Target
- $50,000
- Maximum
- $3,500,000
- Deadline
- April 29, 2024
- Portal compensation
- 7.5% of the offering amount upon a successful fundraise, and be entitled to reimbursement for out-of-pocket third party expenses it pays or incurs on behalf of the Issuer in connection with the offering.
Financials
From the Form C/A filed March 7, 2024.
| Most recent fiscal year | Prior fiscal year | Source | |
|---|---|---|---|
| Revenue | $9,656,792 | $8,493,486 | sec.gov |
| Cost of goods sold | $2,566,609 | $925,132 | sec.gov |
| Net income | $-5,565,754 | $-861,431 | sec.gov |
| Taxes paid | $14,680 | $5,176 | sec.gov |
| Total assets | $38,794,622 | $21,615,372 | sec.gov |
| Cash | $3,669,981 | $7,596,755 | sec.gov |
| Accounts receivable | $4,531,269 | $3,402,356 | sec.gov |
| Short-term debt | $31,628,761 | $16,896,260 | sec.gov |
| Long-term debt | $1,331,453 | $0 | sec.gov |
Filings
| Filed | Filing | Target | Maximum | Deadline | Note | Source |
|---|---|---|---|---|---|---|
| March 7, 2024 | Amendment | $50,000 | $3,500,000 | April 29, 2024 | Updating terms of the SAFE | sec.gov |
| January 26, 2024 | Offering | $50,000 | $3,500,000 | April 29, 2024 | sec.gov | |
| January 25, 2024 | Annual report | Not listed | Not listed | sec.gov | ||
| October 25, 2022 | Offering | $50,000 | $3,500,000 | April 30, 2023 | sec.gov |
Updated March 7, 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.