Data / Crowdfunding / Michigan / Hercules Electric Mobility, Inc
Hercules Electric Mobility, Inc: crowdfunding raise on NetCapital Funding Portal Inc., $10,004 to $1,064,960 (2021)
Hercules Electric Mobility, Inc, a corporation in Farmington Hills, MI, filed a Form C with the SEC on September 20, 2021 to raise $10,004 to $1,064,960 in common stock through NetCapital Funding Portal Inc.. The offering closed on October 18, 2021. In its most recent fiscal year it reported $2,500,000 in revenue and a net loss of $1,088,854, with 7 employees.
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- Website
- herculesev.com
- Funding portal
- NetCapital Funding Portal Inc.
- Address
- 24415 Halsted Rd, Farmington Hills, MI 48335
- Legal form
- Corporation
- Jurisdiction
- MI
- Incorporated
- December 26, 2018
- SEC CIK
- 0001847151
Offering terms
From the amendment filed September 20, 2021.
- Security
- Common Stock
- Price
- $10.24
- Target
- $10,004
- Maximum
- $1,064,960
- Deadline
- October 18, 2021
- Portal compensation
- Up to 4.9% of amount raised for a successful offering and a listing fee of up to $5,000
Financials
From the Form C-AR filed May 2, 2022.
| Most recent fiscal year | Prior fiscal year | Source | |
|---|---|---|---|
| Revenue | $2,500,000 | $0 | sec.gov |
| Cost of goods sold | $0 | $0 | sec.gov |
| Net income | $-1,088,854 | $-111,252 | sec.gov |
| Taxes paid | $0 | $0 | sec.gov |
| Total assets | $205,581 | $352,069 | sec.gov |
| Cash | $152,460 | $350,608 | sec.gov |
| Accounts receivable | $0 | $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 |
|---|---|---|---|---|---|---|
| May 2, 2022 | Annual report | Not listed | Not listed | sec.gov | ||
| December 3, 2021 | Progress update | $10,004 | $1,064,960 | October 18, 2021 | End of offering. Issuer closed its offering with estimated gross proceeds of $113,654. The foregoing is in regard only to the amount raised under the Section 4(a)(6) exemption. | sec.gov |
| September 20, 2021 | Amendment | $10,004 | $1,064,960 | October 18, 2021 | issuer extended the offering date. | sec.gov |
| August 16, 2021 | Amendment | $10,004 | $1,064,960 | September 17, 2021 | the issuer extended the offering date. | sec.gov |
| July 19, 2021 | Amendment | $10,004 | $1,064,960 | August 20, 2021 | issuer extended the offering date. | sec.gov |
| July 1, 2021 | Amendment | $10,004 | $1,064,960 | July 20, 2021 | issuer added beth hoetger as the cfo. | sec.gov |
| May 19, 2021 | Offering | $10,004 | $1,064,960 | July 20, 2021 | sec.gov |
Updated May 2, 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.