Data / Crowdfunding / Texas / Freerolls Entertainment, Inc.
Freerolls Entertainment, Inc.: crowdfunding raise on Wefunder Portal LLC, $49,999 to $999,998 (2019)
Freerolls Entertainment, Inc., a corporation in Katy, TX, filed a Form C with the SEC on October 15, 2019 to raise $49,999 to $999,998 in preferred stock through Wefunder Portal LLC. The offering closed on February 21, 2020. In its most recent fiscal year it reported $65,185 in revenue and a net loss of $659,161, with 41 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
- freerollspokerclubs.com
- Funding portal
- Wefunder Portal LLC
- Address
- 24025 Katy Freeway, Katy, TX 77494
- Legal form
- Corporation
- Jurisdiction
- UT
- Incorporated
- September 18, 2017
- SEC CIK
- 0001719648
Offering terms
From the offering filed October 15, 2019.
- Security
- Preferred Stock
- Price
- $2.38
- Target
- $49,999
- Maximum
- $999,998
- Deadline
- February 21, 2020
- Portal compensation
- <p>6.5% 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.</p>
Financials
From the Form C filed October 15, 2019.
| Most recent fiscal year | Prior fiscal year | Source | |
|---|---|---|---|
| Revenue | $65,185 | $0 | sec.gov |
| Cost of goods sold | $0 | $0 | sec.gov |
| Net income | $-659,161 | $-1,896 | sec.gov |
| Taxes paid | $8,353 | $0 | sec.gov |
| Total assets | $641,560 | $1,019 | sec.gov |
| Cash | $4,569 | $19 | sec.gov |
| Accounts receivable | $0 | $0 | sec.gov |
| Short-term debt | $302,699 | $1,415 | sec.gov |
| Long-term debt | $443,400 | $0 | sec.gov |
Filings
| Filed | Filing | Target | Maximum | Deadline | Note | Source |
|---|---|---|---|---|---|---|
| October 15, 2019 | Offering | $49,999 | $999,998 | February 21, 2020 | sec.gov | |
| August 3, 2018 | Progress update | $10,000 | $800,000 | August 1, 2018 | Issuer successfully raised $11,966, issuing 5,983 shares to 34 investors. | sec.gov |
| April 16, 2018 | Amendment | $10,000 | $800,000 | August 1, 2018 | Accidently entered "$100 per share" when the actual price per share is $2 | sec.gov |
| March 12, 2018 | Amendment | $10,000 | $800,000 | August 1, 2018 | The company is changing the expiration date of its offering to August 1, 2018. In addition, the company has issued additional non-voting common stock warrants. There are still 891,898 units authorized (as before) but now 103,500 are outstanding. | sec.gov |
| October 16, 2017 | Offering | $10,000 | $800,000 | February 13, 2018 | sec.gov |
Updated October 15, 2019. 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.