Data / Crowdfunding / Texas / FibroBiologics, Inc.
FibroBiologics, Inc.: crowdfunding raise on StartEngine Capital, LLC, $9,999 to $4,999,998 (2023)
FibroBiologics, Inc., a corporation in Houston, TX, filed a Form C with the SEC on March 29, 2023 to raise $9,999 to $4,999,998 in Series B Preferred Stock through StartEngine Capital, LLC. The offering closed on April 4, 2023. In its most recent fiscal year it reported $0 in revenue and a net loss of $5,121,000, with 7 employees.
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- Website
- www.fibrobiologics.com
- Funding portal
- StartEngine Capital, LLC
- Address
- 455 E. Medical Center Blvd Suite 300, Houston, TX 77598
- Legal form
- Corporation
- Jurisdiction
- DE
- Incorporated
- December 14, 2021
- SEC CIK
- 0001958777
Offering terms
From the amendment filed March 29, 2023.
- Security
- Series B Preferred Stock
- Price
- $1.69
- Target
- $9,999
- Maximum
- $4,999,998
- Deadline
- April 4, 2023
- Portal compensation
- up to 9% percent
Financials
From the Form C-AR filed May 1, 2023.
| Most recent fiscal year | Prior fiscal year | Source | |
|---|---|---|---|
| Revenue | $0 | $0 | sec.gov |
| Cost of goods sold | $0 | $0 | sec.gov |
| Net income | $-5,121,000 | $-1,582,000 | sec.gov |
| Taxes paid | $0 | $0 | sec.gov |
| Total assets | $4,824,000 | $468,000 | sec.gov |
| Cash | $2,266,000 | $407,000 | sec.gov |
| Accounts receivable | $0 | $0 | sec.gov |
| Short-term debt | $7,073,000 | $1,758,000 | sec.gov |
| Long-term debt | $1,747,000 | $0 | sec.gov |
Filings
| Filed | Filing | Target | Maximum | Deadline | Note | Source |
|---|---|---|---|---|---|---|
| May 1, 2023 | Annual report | Not listed | Not listed | sec.gov | ||
| April 11, 2023 | Progress update | $9,999 | $4,999,998 | April 4, 2023 | At the close of the offering, the issuer closed on $4,929,105.41 and 3,330,864 number of securities. | sec.gov |
| March 29, 2023 | Amendment | $9,999 | $4,999,998 | April 4, 2023 | Issuer is moving their end date closer | sec.gov |
| February 10, 2023 | Amendment | $9,999 | $4,999,998 | May 1, 2023 | Updated clerical error with perk language | sec.gov |
| January 31, 2023 | Offering | $9,999 | $4,999,998 | May 1, 2023 | sec.gov |
Also on SpecStream
Updated May 1, 2023. 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.