Data / Crowdfunding / New York / Green Island EV Corp.
Green Island EV Corp.: crowdfunding raise on Raise Green, Inc., $10,000 to $1,000,000 (2022)
Green Island EV Corp., a corporation in Troy, NY, filed a Form C with the SEC on November 17, 2022 to raise $10,000 to $1,000,000 in Simple Agreement for Future Equity (SAFE) through Raise Green, Inc.. The offering closed on February 17, 2023. In its most recent fiscal year it reported $0 in revenue and $0 in net income.
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- Website
- greenislandev.com
- Funding portal
- Raise Green, Inc.
- Address
- 24 4TH STREET SUITE 46D, Troy, NY 12180
- Legal form
- Corporation
- Jurisdiction
- DE
- Incorporated
- August 10, 2021
- SEC CIK
- 0001940255
Offering terms
From the amendment filed November 17, 2022.
- Security
- Simple Agreement for Future Equity (SAFE)
- Price
- $1.00
- Target
- $10,000
- Maximum
- $1,000,000
- Deadline
- February 17, 2023
- Portal compensation
- 4% of the final funds raised.
Financials
From the Form C-U filed March 29, 2023.
| Most recent fiscal year | Prior fiscal year | Source | |
|---|---|---|---|
| Revenue | $0 | $0 | sec.gov |
| Cost of goods sold | $0 | $0 | sec.gov |
| Net income | $0 | $0 | sec.gov |
| Taxes paid | $0 | $0 | sec.gov |
| Total assets | $0 | $0 | sec.gov |
| Cash | $10,000 | $0 | sec.gov |
| Accounts receivable | $3,343 | $0 | sec.gov |
| Short-term debt | $0 | $0 | sec.gov |
| Long-term debt | $0 | $0 | sec.gov |
Filings
| Filed | Filing | Target | Maximum | Deadline | Note | Source |
|---|---|---|---|---|---|---|
| March 29, 2023 | Progress update | $10,000 | $1,000,000 | February 17, 2023 | The issuer closed on $19,300 of SAFEs. The funding portal was granted $380 of securities as compensation. Raise Green was granted $1,000 in additional compensation for a Form C/A Material Change. | sec.gov |
| February 21, 2023 | Progress update | $10,000 | $1,000,000 | February 17, 2023 | At the close of the offering, the issuer raised investment commitments of $21,120. The funds are currently being processed. The actual amount may be lower. | sec.gov |
| November 17, 2022 | Amendment | $10,000 | $1,000,000 | February 17, 2023 | Green Island EV Corp has amended its Target Amount from $50,000 to $10,000, changed its security type from Common Equity to SAFE with a $50,000,000 post-money valuation cap and 80% discount, and extended the close date until February 17, 2023. | sec.gov |
| August 22, 2022 | Offering | $50,000 | $1,000,000 | November 17, 2022 | sec.gov |
Updated March 29, 2023. 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.