Data / Crowdfunding / California / Evolution Devices, Inc.
Evolution Devices, Inc.: crowdfunding raise on OpenDeal Portal LLC, $25,000 to $618,000 (2023)
Evolution Devices, Inc., a corporation in Oakland, CA, filed a Form C with the SEC on July 5, 2023 to raise $25,000 to $618,000 in Crowd SAFE (Simple Agreement for Future Equity) through OpenDeal Portal LLC. The offering closed on September 5, 2023. In its most recent fiscal year it reported $1,787 in revenue and a net loss of $223,227, with 7 employees.
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- Website
- www.evolutiondevices.com
- Funding portal
- OpenDeal Portal LLC
- Address
- 1111 BROADWAY FLOOR 3, Oakland, CA 94607
- Legal form
- Corporation
- Jurisdiction
- DE
- Incorporated
- July 18, 2017
- SEC CIK
- 0001864316
Offering terms
From the offering filed July 5, 2023.
- Security
- Crowd SAFE (Simple Agreement for Future Equity)
- Price
- $1.00
- Target
- $25,000
- Maximum
- $618,000
- Deadline
- September 5, 2023
- Portal compensation
- At the conclusion of the Offering, the Issuer shall pay the Intermediary the greater of (A) a fee of five and four tenths percent (5.4%) of the dollar amount raised in the Offering or (B) a cash fee of twelve thousand dollars ($12,000.00).
Financials
From the Form C-AR filed April 24, 2024.
| Most recent fiscal year | Prior fiscal year | Source | |
|---|---|---|---|
| Revenue | $1,787 | $1,832 | sec.gov |
| Cost of goods sold | $243 | $872 | sec.gov |
| Net income | $-223,227 | $-351,691 | sec.gov |
| Taxes paid | $0 | $0 | sec.gov |
| Total assets | $312,633 | $268,173 | sec.gov |
| Cash | $306,302 | $260,447 | sec.gov |
| Accounts receivable | $1,372 | $1,832 | sec.gov |
| Short-term debt | $282,704 | $203,068 | sec.gov |
| Long-term debt | $0 | $751,746 | sec.gov |
Filings
| Filed | Filing | Target | Maximum | Deadline | Note | Source |
|---|---|---|---|---|---|---|
| April 24, 2024 | Termination of reporting | Not listed | Not listed | sec.gov | ||
| April 24, 2024 | Annual report | Not listed | Not listed | sec.gov | ||
| September 12, 2023 | Progress update | $25,000 | $618,000 | September 5, 2023 | The Offering closed successfully on 9/6/2023, having received investment commitments of $149,548.13, although a final accounting has not taken place. | sec.gov |
| July 5, 2023 | Offering | $25,000 | $618,000 | September 5, 2023 | sec.gov | |
| April 21, 2023 | Termination of reporting | Not listed | Not listed | sec.gov | ||
| April 21, 2023 | Annual report | Not listed | Not listed | sec.gov | ||
| April 25, 2022 | Annual report | Not listed | Not listed | sec.gov | ||
| January 5, 2022 | Progress update | $25,000 | $1,070,000 | December 31, 2021 | The Offering closed successfully on 01/01/2022, having received investment commitments of $241,170 although a final accounting has not taken place. | sec.gov |
| September 21, 2021 | Offering | $25,000 | $1,070,000 | December 31, 2021 | sec.gov |
Updated April 24, 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.