Data / Crowdfunding / California / Hemster, Inc.
Hemster, Inc.: crowdfunding raise on OpenDeal Inc., $50,000 to $1,070,000 (2018)
Hemster, Inc., a corporation in San Francisco, CA, filed a Form C with the SEC on November 19, 2018 to raise $50,000 to $1,070,000 in Units of Crowd SAFE (Simple Agreement for Future Equity) through OpenDeal Inc.. The offering closed on December 31, 2018. In its most recent fiscal year it reported $21,677 in revenue and a net loss of $27,989.
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- Website
- hemster.co
- Funding portal
- OpenDeal Inc.
- Address
- 845 MARKET STREET, BESPOKE, San Francisco, CA 94103
- Legal form
- Corporation
- Jurisdiction
- DE
- Incorporated
- November 2, 2017
- SEC CIK
- 0001745458
Offering terms
From the amendment filed November 19, 2018.
- Security
- Units of Crowd SAFE (Simple Agreement for Future Equity)
- Price
- $1.00
- Target
- $50,000
- Maximum
- $1,070,000
- Deadline
- December 31, 2018
- Portal compensation
- 6.0% of the amount raised
Financials
From the Form C-U filed November 27, 2018.
| Most recent fiscal year | Prior fiscal year | Source | |
|---|---|---|---|
| Revenue | $21,677 | $3,046 | sec.gov |
| Cost of goods sold | $10,710 | $1,644 | sec.gov |
| Net income | $-27,989 | $-16,337 | sec.gov |
| Taxes paid | $924 | $0 | sec.gov |
| Total assets | $1,912 | $1,963 | sec.gov |
| Cash | $375 | $679 | sec.gov |
| Accounts receivable | $1,537 | $1,284 | sec.gov |
| Short-term debt | $765 | $0 | sec.gov |
| Long-term debt | $32,274 | $6,300 | sec.gov |
Filings
| Filed | Filing | Target | Maximum | Deadline | Note | Source |
|---|---|---|---|---|---|---|
| November 27, 2018 | Progress update | $50,000 | $1,070,000 | December 31, 2018 | The Issuer successfully raised $233,608 during the Offering period, although a final accounting has not been conducted and the amount may be adjusted due to failed payments. | sec.gov |
| November 19, 2018 | Amendment | $50,000 | $1,070,000 | December 31, 2018 | The Form C of the Issuer dated July 3, 2018 is hereby amended to shorten the offering deadline to November 26, 2018 at 11:59pm PT. The Issuer will accept investments during the last 48 hours of the offering. | sec.gov |
| July 3, 2018 | Offering | $50,000 | $1,070,000 | December 31, 2018 | sec.gov |
Updated November 27, 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.