Data / Crowdfunding / Texas / Heroic Enterprises, Public Benefit Corp
Heroic Enterprises, Public Benefit Corp: crowdfunding raise on Wefunder Portal LLC, $50,000 to $1,000,000 (2024)
Heroic Enterprises, Public Benefit Corp, a corporation in Austin, TX, filed a Form C with the SEC on April 29, 2024 to raise $50,000 to $1,000,000 in Convertible Promissory Notes through Wefunder Portal LLC. The offering closed on April 30, 2025. In its most recent fiscal year it reported $4,678,132 in revenue and a net loss of $2,795,295, with 6 employees.
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- Website
- www.heroic.us
- Funding portal
- Wefunder Portal LLC
- Address
- 5900 BALCONES DRIVE SUITE 13912, Austin, TX 78731
- Legal form
- Corporation
- Jurisdiction
- DE
- Incorporated
- November 13, 2020
- SEC CIK
- 0001833314
Offering terms
From the amendment filed April 29, 2024.
- Security
- Convertible Promissory Notes
- Price
- $1.00
- Target
- $50,000
- Maximum
- $1,000,000
- Deadline
- April 30, 2025
- Portal compensation
- 6% of total funds raised
Financials
From the Form C-AR filed April 30, 2025.
| Most recent fiscal year | Prior fiscal year | Source | |
|---|---|---|---|
| Revenue | $4,678,132 | $2,028,707 | sec.gov |
| Cost of goods sold | $0 | $0 | sec.gov |
| Net income | $-2,795,295 | $-3,623,990 | sec.gov |
| Taxes paid | $0 | $0 | sec.gov |
| Total assets | $1,708,369 | $831,023 | sec.gov |
| Cash | $1,144,502 | $509,373 | sec.gov |
| Accounts receivable | $103,750 | $72,950 | sec.gov |
| Short-term debt | $13,878,047 | $7,582,184 | sec.gov |
| Long-term debt | $0 | $2,691,946 | sec.gov |
Filings
| Filed | Filing | Target | Maximum | Deadline | Note | Source |
|---|---|---|---|---|---|---|
| May 14, 2025 | Termination of reporting | Not listed | Not listed | sec.gov | ||
| April 30, 2025 | Annual report | Not listed | Not listed | sec.gov | ||
| November 8, 2024 | Progress update | $50,000 | $1,000,000 | April 30, 2025 | The company raised $501,091.00 in this offering. | sec.gov |
| April 29, 2024 | Amendment | $50,000 | $1,000,000 | April 30, 2025 | Extend Target Offering Date to April 30, 2025, include the f/s for the years ended December 31, 2023 and 2022, and to update the MD&A accordingly | sec.gov |
| April 29, 2024 | Annual report | Not listed | Not listed | sec.gov | ||
| November 9, 2023 | Amendment | $50,000 | $1,000,000 | April 30, 2024 | Reason for amendment is to update the description of the terms of convertible securities previously offered. | sec.gov |
| August 24, 2023 | Offering | $50,000 | $1,000,000 | April 30, 2024 | sec.gov | |
| August 23, 2023 | Progress update | $300,000 | $1,000,000 | August 15, 2023 | The final number is $921,430 in investments. | sec.gov |
| May 1, 2023 | Amendment | $300,000 | $1,000,000 | August 15, 2023 | To update the disclosures with the audited financial statements for the year ended December 31, 2022. | sec.gov |
| May 1, 2023 | Annual report | Not listed | Not listed | sec.gov | ||
| November 21, 2022 | Amendment | $300,000 | $1,000,000 | August 15, 2023 | Amendment to its Disclosure | sec.gov |
| September 20, 2022 | Amendment | $300,000 | $1,000,000 | August 15, 2023 | Reduction to the offering size and amending the terms of the convertible notes to make them senior to other debt and reduce the valuation cap from $100 million to $50 million | sec.gov |
| August 16, 2022 | Offering | $300,000 | $5,000,000 | October 15, 2022 | sec.gov | |
| May 2, 2022 | Annual report | Not listed | Not listed | sec.gov | ||
| March 24, 2021 | Progress update | $100,000 | $1,070,000 | March 23, 2021 | The final number is $4,999,999.83 in investments. | sec.gov |
| March 24, 2021 | Amendment | $100,000 | $1,070,000 | March 23, 2021 | Non-material amendment, adding inception audited financial statement, updating closing date. | sec.gov |
| March 15, 2021 | Amendment | $100,000 | $1,070,000 | April 30, 2021 | Naming the lead investor, increasing max to $5M, adjusting financial condition in the Form C | sec.gov |
| January 22, 2021 | Amendment | $100,000 | $1,000,000 | April 30, 2021 | Naming share price ($1.58035) and pre-money valuation ($20,000,000). Updating risk factors. | sec.gov |
| December 18, 2020 | Offering | $100,000 | $1,000,000 | April 30, 2021 | sec.gov |
Also on SpecStream
Updated May 14, 2025. 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.