Data / Crowdfunding / Florida / GrapeStars International, Inc.
GrapeStars International, Inc.: crowdfunding raise on OpenDeal Portal LLC, $25,000 to $500,000 (2020)
GrapeStars International, Inc., a corporation in Miami, FL, filed a Form C with the SEC on June 1, 2020 to raise $25,000 to $500,000 in Crowd Safe Units of SAFE (Simple Agreement for Future Equity) through OpenDeal Portal LLC. The offering closed on September 18, 2020. In its most recent fiscal year it reported $1,248 in revenue and a net loss of $1,275,439, with 5 employees.
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- Website
- www.grapestars.com
- Funding portal
- OpenDeal Portal LLC
- Address
- 78 SOUTHWEST 7TH STREET, Miami, FL 33130
- Legal form
- Corporation
- Jurisdiction
- DE
- Incorporated
- July 12, 2016
- SEC CIK
- 0001803592
Offering terms
From the offering filed June 1, 2020.
- Security
- Crowd Safe Units of SAFE (Simple Agreement for Future Equity)
- Price
- $1.00
- Target
- $25,000
- Maximum
- $500,000
- Deadline
- September 18, 2020
- Portal compensation
- The issuer shall pay to the Intermediary at the conclusion of the Offering a fee of six percent (6%) of the amount raised in the offering.
Financials
From the Form C-AR filed April 29, 2022.
| Most recent fiscal year | Prior fiscal year | Source | |
|---|---|---|---|
| Revenue | $1,248 | $34,714 | sec.gov |
| Cost of goods sold | $0 | $31,782 | sec.gov |
| Net income | $-1,275,439 | $-1,473,807 | sec.gov |
| Taxes paid | $0 | $0 | sec.gov |
| Total assets | $2,639,580 | $2,109,080 | sec.gov |
| Cash | $552 | $485 | sec.gov |
| Accounts receivable | $0 | $0 | sec.gov |
| Short-term debt | $725,215 | $412,596 | sec.gov |
| Long-term debt | $50,000 | $0 | sec.gov |
Filings
| Filed | Filing | Target | Maximum | Deadline | Note | Source |
|---|---|---|---|---|---|---|
| April 29, 2022 | Annual report | Not listed | Not listed | sec.gov | ||
| May 3, 2021 | Annual report | Not listed | Not listed | sec.gov | ||
| September 25, 2020 | Progress update | $25,000 | $500,000 | September 18, 2020 | The Offering closed successfully on 9/19/2020, having received investment commitments of $121,579, although a final accounting has not taken place. | sec.gov |
| June 1, 2020 | Offering | $25,000 | $500,000 | September 18, 2020 | sec.gov |
Updated April 29, 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.