Data / Crowdfunding / California / Faraday Labs Inc.
Faraday Labs Inc.: crowdfunding raise on Wefunder Portal LLC, $50,000 to $615,660 (2026)
Faraday Labs Inc., a corporation in Santa Monica, CA, filed a Form C with the SEC on October 28, 2026 to raise $50,000 to $615,660 in Simple Agreement for Future Equity (SAFE) through Wefunder Portal LLC. The offering closes on April 30, 2027. In its most recent fiscal year it reported $5,022,759 in revenue and $61,928 in net income, with 3 employees.
SpecStream is the live web data engine for teams and agents. It reads every Form C on SEC EDGAR each morning, and this page is that reading. Ask for your own cut (a portal, a state, a size, a revenue range) and new raises arrive in your sheet, CRM, Slack or agent as they land.
- Website
- havnwear.com
- Funding portal
- Wefunder Portal LLC
- Address
- 1447 2nd Street, Santa Monica, CA 90401
- Legal form
- Corporation
- Jurisdiction
- DE
- Incorporated
- July 17, 2018
- SEC CIK
- 0001920988
Offering terms
From the offering filed October 28, 2026.
- Security
- Simple Agreement for Future Equity (SAFE)
- Price
- $1.00
- Target
- $50,000
- Maximum
- $615,660
- Deadline
- April 30, 2027
- Portal compensation
- <p>6.9% 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.</p>
Financials
From the Form C filed October 28, 2026.
| Most recent fiscal year | Prior fiscal year | Source | |
|---|---|---|---|
| Revenue | $5,022,759 | $3,898,646 | sec.gov |
| Cost of goods sold | $1,570,206 | $1,451,085 | sec.gov |
| Net income | $61,928 | $-367,099 | sec.gov |
| Taxes paid | $0 | $0 | sec.gov |
| Total assets | $3,061,553 | $2,043,451 | sec.gov |
| Cash | $1,700,722 | $1,458,632 | sec.gov |
| Accounts receivable | $5,239 | $14,916 | sec.gov |
| Short-term debt | $1,707,920 | $1,546,545 | sec.gov |
| Long-term debt | $4,761,436 | $3,956,775 | sec.gov |
Filings
| Filed | Filing | Target | Maximum | Deadline | Note | Source |
|---|---|---|---|---|---|---|
| October 28, 2026 | Offering | $50,000 | $615,660 | April 30, 2027 | sec.gov | |
| October 27, 2026 | Annual report | Not listed | Not listed | sec.gov | ||
| June 17, 2025 | Annual report | Not listed | Not listed | sec.gov | ||
| April 30, 2025 | Amendment | $50,000 | $618,000 | April 30, 2026 | Adding in 2024 financials and extending closing date. | sec.gov |
| December 17, 2024 | Amendment | $50,000 | $618,000 | April 30, 2025 | Raising EB threshold from $200K to $500K | sec.gov |
| November 14, 2024 | Offering | $50,000 | $618,000 | April 30, 2025 | sec.gov | |
| September 24, 2024 | Annual report | Not listed | Not listed | sec.gov | ||
| May 1, 2023 | Annual report | Not listed | Not listed | sec.gov | ||
| March 28, 2023 | Progress update | $25,000 | $1,070,000 | March 20, 2023 | The Offering closed successfully on 3/21/2023, having received investment commitments of $622,855, although a final accounting has not taken place. | sec.gov |
| May 20, 2022 | Offering | $25,000 | $1,070,000 | March 20, 2023 | sec.gov |
Updated October 28, 2026. 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.