Data / Crowdfunding / California / Holdon Bags, Inc.
Holdon Bags, Inc.: crowdfunding raise on Wefunder Portal LLC, $50,000 to $410,000 (2024)
Holdon Bags, Inc., a corporation in Santa Monica, CA, filed a Form C with the SEC on November 5, 2024 to raise $50,000 to $410,000 in Simple Agreement for Future Equity (SAFE) through Wefunder Portal LLC. The offering closed on April 30, 2025. In its most recent fiscal year it reported $3,933,254 in revenue and a net loss of $2,251,054, with 2 employees.
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- Website
- holdonbags.com
- Funding portal
- Wefunder Portal LLC
- Address
- 730 Arizona Ave., Santa Monica, CA 90401
- Legal form
- Corporation
- Jurisdiction
- DE
- Incorporated
- April 7, 2021
- SEC CIK
- 0001995716
Offering terms
From the amendment filed November 5, 2024.
- Security
- Simple Agreement for Future Equity (SAFE)
- Price
- $1.00
- Target
- $50,000
- Maximum
- $410,000
- Deadline
- April 30, 2025
- Portal compensation
- 7.5% of the offering amount upon a successful fundraise, and be entitled to reimbursement for out-of-pocket third party expenses it pays or incurs on behalf of the Issuer in connection with the offering.
Financials
From the Form C-AR filed March 28, 2025.
| Most recent fiscal year | Prior fiscal year | Source | |
|---|---|---|---|
| Revenue | $3,933,254 | $3,133,281 | sec.gov |
| Cost of goods sold | $1,720,373 | $1,260,838 | sec.gov |
| Net income | $-2,251,054 | $-1,752,288 | sec.gov |
| Taxes paid | $0 | $0 | sec.gov |
| Total assets | $989,330 | $1,091,818 | sec.gov |
| Cash | $198,740 | $168,148 | sec.gov |
| Accounts receivable | $84,172 | $162,335 | sec.gov |
| Short-term debt | $1,289,492 | $881,119 | sec.gov |
| Long-term debt | $436,152 | $2,718,067 | sec.gov |
Filings
| Filed | Filing | Target | Maximum | Deadline | Note | Source |
|---|---|---|---|---|---|---|
| March 28, 2025 | Annual report | Not listed | Not listed | sec.gov | ||
| November 5, 2024 | Amendment | $50,000 | $410,000 | April 30, 2025 | Changing raise maximum to $410,000 | sec.gov |
| October 3, 2024 | Offering | $50,000 | $80,000 | April 30, 2025 | sec.gov | |
| April 19, 2024 | Annual report | Not listed | Not listed | sec.gov | ||
| November 20, 2023 | Amendment | $50,000 | $140,000 | April 29, 2024 | Lowering campaign maximum to $140,000 | sec.gov |
| October 4, 2023 | Offering | $50,000 | $175,000 | April 29, 2024 | sec.gov |
Updated March 28, 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.