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Data / Crowdfunding / Colorado / Freedom Chat Inc

Freedom Chat Inc: crowdfunding raise on OpenDeal Portal LLC, $75,000 to $1,235,000 (2025)

Freedom Chat Inc, a corporation in Castle Rock, CO, filed a Form C with the SEC on February 24, 2025 to raise $75,000 to $1,235,000 in SAFE (Simple Agreement for Future Equity) through OpenDeal Portal LLC. The offering closed on May 23, 2025. In its most recent fiscal year it reported $398 in revenue and a net loss of $666,380, with 1 employees.

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Website
www.freedomchat.com
Funding portal
OpenDeal Portal LLC
Address
200 SOUTH WILCOX STREET PMB 118, Castle Rock, CO 80104
Legal form
Corporation
Jurisdiction
DE
Incorporated
November 14, 2022
SEC CIK
0002050865

Offering terms

From the offering filed February 24, 2025.

Security
SAFE (Simple Agreement for Future Equity)
Price
$1.00
Target
$75,000
Maximum
$1,235,000
Deadline
May 23, 2025
Portal compensation
Issuer shall pay the Intermediary the greater of: (A) a cash fee of (1) 0% on funds raised up to $100,000.00 and (2) 6% on amounts from $100,000.01 to $5M, or (B) a flat cash fee of $15K. Additionally, the Issuer shall pay a non-refundable fee of $7500.

Financials

From the Form C-U filed May 27, 2025.

Most recent fiscal yearPrior fiscal yearSource
Revenue$398$0sec.gov
Cost of goods sold$0$0sec.gov
Net income$-666,380$-375,702sec.gov
Taxes paid$0$0sec.gov
Total assets$214,938$224,626sec.gov
Cash$214,716$224,626sec.gov
Accounts receivable$0$0sec.gov
Short-term debt$69,493$5,300sec.gov
Long-term debt$1,195,000$602,500sec.gov

Filings

FiledFilingTargetMaximumDeadlineNoteSource
May 27, 2025Progress update$75,000$1,235,000May 23, 2025The Offering closed successfully on 5/21/2025, having received investment commitments of $78,725, although a final accounting has not taken place.sec.gov
February 24, 2025Offering$75,000$1,235,000May 23, 2025sec.gov

All filings on sec.gov

Updated May 27, 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.