Data / Crowdfunding / Florida / Greener Process Systems Inc.
Greener Process Systems Inc.: crowdfunding raise on Raise Green, Inc., $10,000 to $124,000 (2023)
Greener Process Systems Inc., a corporation in Boca Raton, FL, filed a Form C with the SEC on April 27, 2023 to raise $10,000 to $124,000 in SAFE through Raise Green, Inc.. The offering closed on July 27, 2023. In its most recent fiscal year it reported $123,481 in revenue and a net loss of $143,141, with 6 employees.
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- Website
- www.greenerprocess.com
- Funding portal
- Raise Green, Inc.
- Address
- RESEARCH PARK AT FLORIDA ATLANTIC UNIV. 3651 FAU BOULEVARD #400, Boca Raton, FL 33431
- Legal form
- Corporation
- Jurisdiction
- DE
- Incorporated
- May 27, 2021
- SEC CIK
- 0001934301
Offering terms
From the amendment filed April 27, 2023.
- Security
- SAFE
- Price
- $1.00
- Target
- $10,000
- Maximum
- $124,000
- Deadline
- July 27, 2023
- Portal compensation
- 7% of the final funds raised. In addition, the Issuer paid a $1000 Platform Fee.
Financials
From the Form C-AR filed May 7, 2024.
| Most recent fiscal year | Prior fiscal year | Source | |
|---|---|---|---|
| Revenue | $123,481 | $75,265 | sec.gov |
| Cost of goods sold | $56,584 | $30,598 | sec.gov |
| Net income | $-143,141 | $-364,258 | sec.gov |
| Taxes paid | $0 | $0 | sec.gov |
| Total assets | $15,830 | $76,549 | sec.gov |
| Cash | $15,830 | $76,549 | sec.gov |
| Accounts receivable | $0 | $0 | sec.gov |
| Short-term debt | $0 | $0 | sec.gov |
| Long-term debt | $590,000 | $472,500 | sec.gov |
Filings
| Filed | Filing | Target | Maximum | Deadline | Note | Source |
|---|---|---|---|---|---|---|
| May 7, 2024 | Termination of reporting | Not listed | Not listed | sec.gov | ||
| May 7, 2024 | Annual report | Not listed | Not listed | sec.gov | ||
| August 14, 2023 | Progress update | $10,000 | $124,000 | July 27, 2023 | At the close of the offering, the issuer raised investment commitments of $16,200. The funds are currently being processed. The actual amount may be lower. | sec.gov |
| August 1, 2023 | Progress update | $10,000 | $124,000 | July 27, 2023 | At the close of the offering, the issuer raised investment commitments of $16,200. The funds are currently being processed. The actual amount may be lower. | sec.gov |
| April 27, 2023 | Amendment | $10,000 | $124,000 | July 27, 2023 | The Company is lowering the Target Offering Amount to $10,000, lowering the Maximum Offering Amount to $124,000, extending their offering period to July 27, 2023, and has updated their financial statements with information on their most recent fiscal year. | sec.gov |
| January 26, 2023 | Offering | $50,000 | $573,000 | April 27, 2023 | sec.gov | |
| November 23, 2022 | Progress update | $9,999 | $1,069,998 | November 21, 2022 | At the close of the offering, the issuer closed on $26,501.65 and 16,000 number of securities. | sec.gov |
| September 15, 2022 | Amendment | $9,999 | $1,069,998 | November 21, 2022 | Issuer is extending campaign end date and updating use of proceeds and platform fees | sec.gov |
| June 24, 2022 | Offering | $9,999 | $1,069,998 | September 22, 2022 | sec.gov |
Updated May 7, 2024. 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.