Data / Crowdfunding / California / FREEDOM MOTORS INC
FREEDOM MOTORS INC: crowdfunding raise on StartEngine Capital, LLC, $9,999 to $106,999 (2018)
FREEDOM MOTORS INC, a corporation in Dixon, CA, filed a Form C with the SEC on October 31, 2018 to raise $9,999 to $106,999 in common stock through StartEngine Capital, LLC. The offering closed on January 4, 2019. In its most recent fiscal year it reported $3,150 in revenue and a net loss of $448,538, with 11 employees.
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- Website
- www.freedom-motors.com
- Funding portal
- StartEngine Capital, LLC
- Address
- 1855 NORTH FIRST ST. SUITE B, Dixon, CA 95620
- Legal form
- Corporation
- Jurisdiction
- NV
- Incorporated
- April 16, 1997
- SEC CIK
- 0001446482
Offering terms
From the amendment filed October 31, 2018.
- Security
- Common Stock
- Price
- $1.50
- Target
- $9,999
- Maximum
- $106,999
- Deadline
- January 4, 2019
- Portal compensation
- 6 percent
Financials
From the Form C-U filed October 11, 2022.
| Most recent fiscal year | Prior fiscal year | Source | |
|---|---|---|---|
| Revenue | $3,150 | $0 | sec.gov |
| Cost of goods sold | $0 | $0 | sec.gov |
| Net income | $-448,538 | $-305,432 | sec.gov |
| Taxes paid | $0 | $0 | sec.gov |
| Total assets | $192,369 | $170,055 | sec.gov |
| Cash | $878 | $1,060 | sec.gov |
| Accounts receivable | $0 | $0 | sec.gov |
| Short-term debt | $192,139 | $0 | sec.gov |
| Long-term debt | $4,559,915 | $4,252,722 | sec.gov |
Filings
| Filed | Filing | Target | Maximum | Deadline | Note | Source |
|---|---|---|---|---|---|---|
| October 11, 2022 | Progress update | $9,999 | $106,999 | January 4, 2019 | Adjustment to the initial Form C-U filing. At the close of the offering, the issuer closed on $106,089 and 71,635 number of securities. | sec.gov |
| June 9, 2020 | Annual report | Not listed | Not listed | sec.gov | ||
| January 7, 2019 | Progress update | $9,999 | $106,999 | January 4, 2019 | At the close of the offering, the issuer closed on $106,359 and 71,835 number of securities. | sec.gov |
| October 31, 2018 | Amendment | $9,999 | $106,999 | January 4, 2019 | Issuer is extending the length of their campaign by 60 days. | sec.gov |
| September 4, 2018 | Offering | $9,999 | $106,999 | November 5, 2018 | sec.gov |
Updated October 11, 2022. 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.