Data / Crowdfunding / California / Fathom Video Inc.
Fathom Video Inc.: crowdfunding raise on Wefunder Portal LLC, $50,000 to $2,200,000 (2024)
Fathom Video Inc., a corporation in San Francisco, CA, filed a Form C with the SEC on September 18, 2024 to raise $50,000 to $2,200,000 in preferred stock through Wefunder Portal LLC. The offering closed on May 31, 2025. In its most recent fiscal year it reported $1,280,616 in revenue and a net loss of $3,603,467, with 33 employees.
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- Website
- fathom.video
- Funding portal
- Wefunder Portal LLC
- Address
- 2261 Market Street #4156, San Francisco, CA 94114
- Legal form
- Corporation
- Jurisdiction
- DE
- Incorporated
- August 19, 2020
- SEC CIK
- 0001947790
Offering terms
From the amendment filed September 18, 2024.
- Security
- Preferred Stock
- Price
- $0.23
- Target
- $50,000
- Maximum
- $2,200,000
- Deadline
- May 31, 2025
- Portal compensation
- 5.0% 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-U filed October 24, 2024.
| Most recent fiscal year | Prior fiscal year | Source | |
|---|---|---|---|
| Revenue | $1,280,616 | $113,581 | sec.gov |
| Cost of goods sold | $1,371,005 | $0 | sec.gov |
| Net income | $-3,603,467 | $-2,366,720 | sec.gov |
| Taxes paid | $2,433 | $2,246 | sec.gov |
| Total assets | $4,860,936 | $3,417,554 | sec.gov |
| Cash | $3,134,506 | $1,427,613 | sec.gov |
| Accounts receivable | $43,831 | $160 | sec.gov |
| Short-term debt | $1,124,324 | $175,981 | sec.gov |
| Long-term debt | $0 | $0 | sec.gov |
Filings
| Filed | Filing | Target | Maximum | Deadline | Note | Source |
|---|---|---|---|---|---|---|
| October 24, 2024 | Progress update | $50,000 | $2,200,000 | May 31, 2025 | The final number is $2,008,463.00 in investments. | sec.gov |
| September 18, 2024 | Amendment | $50,000 | $2,200,000 | May 31, 2025 | Adjusting the maximum to $2.2M. | sec.gov |
| August 12, 2024 | Offering | $50,000 | $1,700,000 | May 31, 2025 | sec.gov | |
| August 12, 2024 | Annual report | Not listed | Not listed | sec.gov | ||
| February 15, 2023 | Amendment | $100,000 | $1,235,000 | May 31, 2023 | Non-material amendment increasing the maximum from $1.07M to $1.235M | sec.gov |
| September 22, 2022 | Offering | $100,000 | $1,070,000 | May 31, 2023 | sec.gov |
Updated October 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.