Data / Crowdfunding / California / FREIGHTPAL, INC.
FREIGHTPAL, INC.: crowdfunding raise on OpenDeal Portal LLC, $25,000 to $1,070,000 (2022)
FREIGHTPAL, INC., a corporation in Studio City, CA, filed a Form C with the SEC on March 30, 2022 to raise $25,000 to $1,070,000 in Crowd SAFE (Simple Agreement for Future Equity) through OpenDeal Portal LLC. The offering closed on April 14, 2022. In its most recent fiscal year it reported $2,619,304 in revenue and a net loss of $149,753.
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- Website
- www.freightpal.com
- Funding portal
- OpenDeal Portal LLC
- Address
- 3940 LAUREL CANYON BLVD SUITE 1195, Studio City, CA 91604
- Legal form
- Corporation
- Jurisdiction
- DE
- Incorporated
- February 1, 2013
- SEC CIK
- 0001705050
Offering terms
From the amendment filed March 30, 2022.
- Security
- Crowd SAFE (Simple Agreement for Future Equity)
- Price
- $1.00
- Target
- $25,000
- Maximum
- $1,070,000
- Deadline
- April 14, 2022
- Portal compensation
- At the conclusion of the offering, the issuer shall pay a fee of six percent (6%) of the amount raised in the offering to the Intermediary.
Financials
From the Form C-U filed April 15, 2022.
| Most recent fiscal year | Prior fiscal year | Source | |
|---|---|---|---|
| Revenue | $2,619,304 | $3,267,054 | sec.gov |
| Cost of goods sold | $2,168,149 | $2,700,101 | sec.gov |
| Net income | $-149,753 | $-186,286 | sec.gov |
| Taxes paid | $3,529 | $1,300 | sec.gov |
| Total assets | $305,705 | $379,048 | sec.gov |
| Cash | $135,063 | $36,563 | sec.gov |
| Accounts receivable | $110,604 | $276,317 | sec.gov |
| Short-term debt | $561,774 | $635,513 | sec.gov |
| Long-term debt | $145,000 | $0 | sec.gov |
Filings
| Filed | Filing | Target | Maximum | Deadline | Note | Source |
|---|---|---|---|---|---|---|
| April 15, 2022 | Progress update | $25,000 | $1,070,000 | April 14, 2022 | The Offering closed successfully on 4/15/2022, having received investment commitments of $207,176.92, although a final accounting has not taken place. | sec.gov |
| March 30, 2022 | Amendment | $25,000 | $1,070,000 | April 14, 2022 | This non-material amendment is made to note the change in Escrow Agent. | sec.gov |
| February 18, 2022 | Offering | $25,000 | $1,070,000 | April 14, 2022 | sec.gov |
Updated April 15, 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.