Data / Crowdfunding / California / FLUUX, Inc.
FLUUX, Inc.: crowdfunding raise on Wefunder Portal LLC, $175,000 to $300,000 (2020)
FLUUX, Inc., a corporation in Santa Clara, CA, filed a Form C with the SEC on May 29, 2020 to raise $175,000 to $300,000 in Convertible Note through Wefunder Portal LLC. The offering closed on September 25, 2020. In its most recent fiscal year it reported $11,163 in revenue and a net loss of $140,886, with 4 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.fluux.com
- Funding portal
- Wefunder Portal LLC
- Address
- 849 Linden Dr., Santa Clara, CA 95050
- Legal form
- Corporation
- Jurisdiction
- DE
- Incorporated
- March 22, 2019
- SEC CIK
- 0001803581
Offering terms
From the offering filed May 29, 2020.
- Security
- Convertible Note
- Price
- $1.00
- Target
- $175,000
- Maximum
- $300,000
- Deadline
- September 25, 2020
- Portal compensation
- 7.5% 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 filed May 29, 2020.
| Most recent fiscal year | Prior fiscal year | Source | |
|---|---|---|---|
| Revenue | $11,163 | $0 | sec.gov |
| Cost of goods sold | $0 | $0 | sec.gov |
| Net income | $-140,886 | $0 | sec.gov |
| Taxes paid | $3,894 | $0 | sec.gov |
| Total assets | $38,760 | $0 | sec.gov |
| Cash | $38,405 | $0 | sec.gov |
| Accounts receivable | $0 | $0 | sec.gov |
| Short-term debt | $-196 | $0 | sec.gov |
| Long-term debt | $179,842 | $0 | sec.gov |
Filings
| Filed | Filing | Target | Maximum | Deadline | Note | Source |
|---|---|---|---|---|---|---|
| May 29, 2020 | Offering | $175,000 | $300,000 | September 25, 2020 | sec.gov | |
| March 27, 2020 | Amendment | $25,000 | $750,000 | May 8, 2020 | Increasing Convertible Promissory Note annual interest rate from 5% to 8%. | sec.gov |
| March 12, 2020 | Offering | $25,000 | $750,000 | May 8, 2020 | sec.gov |
Updated May 29, 2020. 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.