Data / Crowdfunding / New Jersey / Fast Bags Corp
Fast Bags Corp: crowdfunding raise on Wefunder Portal LLC, $50,000 to $499,999 (2023)
Fast Bags Corp, a corporation in Basking Ridge, NJ, filed a Form C with the SEC on May 2, 2023 to raise $50,000 to $499,999 in preferred stock through Wefunder Portal LLC. The offering closed on April 29, 2024. In its most recent fiscal year it reported $535,994 in revenue and a net loss of $105,392, with 1 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
- www.bagups.com
- Funding portal
- Wefunder Portal LLC
- Address
- 21 Brownlee Rd, Suite 83, Basking Ridge, NJ 07920
- Legal form
- Corporation
- Jurisdiction
- DE
- Incorporated
- January 19, 2007
- SEC CIK
- 0001893943
Offering terms
From the amendment filed May 2, 2023.
- Security
- Preferred Stock
- Price
- $2.00
- Target
- $50,000
- Maximum
- $499,999
- Deadline
- April 29, 2024
- Portal compensation
- 6.0% 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-AR filed April 25, 2025.
| Most recent fiscal year | Prior fiscal year | Source | |
|---|---|---|---|
| Revenue | $535,994 | $656,548 | sec.gov |
| Cost of goods sold | $180,249 | $202,689 | sec.gov |
| Net income | $-105,392 | $-77,596 | sec.gov |
| Taxes paid | $1,050 | $530 | sec.gov |
| Total assets | $109,810 | $83,909 | sec.gov |
| Cash | $29,930 | $25,438 | sec.gov |
| Accounts receivable | $0 | $0 | sec.gov |
| Short-term debt | $91,208 | $435,575 | sec.gov |
| Long-term debt | $0 | $0 | sec.gov |
Filings
| Filed | Filing | Target | Maximum | Deadline | Note | Source |
|---|---|---|---|---|---|---|
| April 25, 2025 | Annual report | Not listed | Not listed | sec.gov | ||
| May 2, 2023 | Amendment | $50,000 | $499,999 | April 29, 2024 | Adding 2022 financials and extending campaign. | sec.gov |
| January 12, 2023 | Offering | $50,000 | $499,999 | April 30, 2023 | sec.gov |
Updated April 25, 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.