Data / Crowdfunding / Florida / GLG Pharma, LLC
GLG Pharma, LLC: crowdfunding raise on Wefunder Portal LLC, $250,000 to $1,070,000 (2018)
GLG Pharma, LLC, a limited liability company in Jupiter, FL, filed a Form C with the SEC on May 29, 2018 to raise $250,000 to $1,070,000 in Simple Agreement for Future Equity (SAFE) through Wefunder Portal LLC. The offering closed on November 21, 2018. In its most recent fiscal year it reported $1,145,038 in revenue and $1,027,052 in net income, with 12 employees.
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- Website
- www.glgpharma.com
- Funding portal
- Wefunder Portal LLC
- Address
- 601 Heritage Drive, Suite 236, Jupiter, FL 33458
- Legal form
- Limited Liability Company
- Jurisdiction
- FL
- Incorporated
- May 18, 2009
- SEC CIK
- 0001596918
Offering terms
From the offering filed May 29, 2018.
- Security
- Simple Agreement for Future Equity (SAFE)
- Price
- $1.00
- Target
- $250,000
- Maximum
- $1,070,000
- Deadline
- November 21, 2018
- 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 filed May 29, 2018.
| Most recent fiscal year | Prior fiscal year | Source | |
|---|---|---|---|
| Revenue | $1,145,038 | $0 | sec.gov |
| Cost of goods sold | $0 | $0 | sec.gov |
| Net income | $1,027,052 | $-587,604 | sec.gov |
| Taxes paid | $0 | $0 | sec.gov |
| Total assets | $1,296,430 | $196,141 | sec.gov |
| Cash | $3,445 | $1,670 | sec.gov |
| Accounts receivable | $0 | $0 | sec.gov |
| Short-term debt | $3,299,466 | $3,096,239 | sec.gov |
| Long-term debt | $0 | $129,990 | sec.gov |
Filings
| Filed | Filing | Target | Maximum | Deadline | Note | Source |
|---|---|---|---|---|---|---|
| May 29, 2018 | Offering | $250,000 | $1,070,000 | November 21, 2018 | sec.gov |
Updated May 29, 2018. 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.