Data / Crowdfunding / California / GenoBank.io
GenoBank.io: crowdfunding raise on Wefunder Portal LLC, $50,000 to $596,291 (2021)
GenoBank.io, a corporation in San Mateo, CA, filed a Form C with the SEC on April 21, 2021 to raise $50,000 to $596,291 in Simple Agreement for Future Equity (SAFE) through Wefunder Portal LLC. The offering closed on April 30, 2022. In its most recent fiscal year it reported $0 in revenue and a net loss of $158,572, with 2 employees.
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- Website
- GenoBank.io
- Funding portal
- Wefunder Portal LLC
- Address
- 55 E Third Ave, San Mateo, CA 94401
- Legal form
- Corporation
- Jurisdiction
- CA
- Incorporated
- May 29, 2018
- SEC CIK
- 0001780122
Offering terms
From the amendment filed April 21, 2021.
- Security
- Simple Agreement for Future Equity (SAFE)
- Price
- $1.00
- Target
- $50,000
- Maximum
- $596,291
- Deadline
- April 30, 2022
- Portal compensation
- 5.0% 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-AR filed May 3, 2021.
| Most recent fiscal year | Prior fiscal year | Source | |
|---|---|---|---|
| Revenue | $0 | $0 | sec.gov |
| Cost of goods sold | $0 | $0 | sec.gov |
| Net income | $-158,572 | $-14 | sec.gov |
| Taxes paid | $0 | $0 | sec.gov |
| Total assets | $6,478 | $36 | sec.gov |
| Cash | $1,027 | $36 | sec.gov |
| Accounts receivable | $-71 | $-71 | sec.gov |
| Short-term debt | $0 | $0 | sec.gov |
| Long-term debt | $0 | $0 | sec.gov |
Filings
| Filed | Filing | Target | Maximum | Deadline | Note | Source |
|---|---|---|---|---|---|---|
| May 3, 2021 | Annual report | Not listed | Not listed | sec.gov | ||
| April 21, 2021 | Amendment | $50,000 | $596,291 | April 30, 2022 | Material amendment - adding CPA reviewed financials for 2020, extending the close | sec.gov |
| December 21, 2020 | Offering | $50,000 | $596,291 | April 30, 2021 | sec.gov | |
| October 13, 2020 | Progress update | $100,000 | $1,070,000 | July 31, 2020 | The Offering closed successfully on July 31, 2020, having received investment commitments of $499,432, although a final accounting has not taken place. | sec.gov |
| April 28, 2020 | Amendment | $100,000 | $1,070,000 | July 31, 2020 | This amendment is being filed to extend the offering deadline. | sec.gov |
| February 18, 2020 | Amendment | $100,000 | $1,070,000 | April 29, 2020 | This amendment is being filed to extend the offering deadline. | sec.gov |
| December 13, 2019 | Amendment | $100,000 | $1,070,000 | March 13, 2020 | This amendment is being filed to correct the company's physical address. | sec.gov |
| December 13, 2019 | Amendment | $100,000 | $1,070,000 | March 13, 2020 | This amendment is being filed to change the minimum offering amount from $25,000 to $100,000. | sec.gov |
| December 13, 2019 | Offering | $25,000 | $1,070,000 | March 13, 2020 | sec.gov |
Updated May 3, 2021. 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.