Data / Crowdfunding / California / Hydro Wind Energy, Inc.
Hydro Wind Energy, Inc.: crowdfunding raise on OpenDeal Portal LLC, $49,990 to $4,999,999 (2024)
Hydro Wind Energy, Inc., a corporation in San Francisco, CA, filed a Form C with the SEC on April 8, 2024 to raise $49,990 to $4,999,999 in Class B Common Stock via Security Tokens through OpenDeal Portal LLC. The offering closed on June 15, 2024. In its most recent fiscal year it reported $273,636 in revenue and a net loss of $260,776.
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- Website
- hw.energy
- Funding portal
- OpenDeal Portal LLC
- Address
- 355 BRYANT STREET, OFFICE 403 OFFICE 403, San Francisco, CA 94107
- Legal form
- Corporation
- Jurisdiction
- DE
- Incorporated
- July 14, 2020
- SEC CIK
- 0001903204
Offering terms
From the amendment filed April 8, 2024.
- Security
- Class B Common Stock via Security Tokens
- Price
- $11.60
- Target
- $49,990
- Maximum
- $4,999,999
- Deadline
- June 15, 2024
- Portal compensation
- At the conclusion of the Offering, the Issuer shall pay the Intermediary the greater of (A) a fee of six percent (6%) of the dollar amount raised in the Offering or (B) a cash fee of twelve thousand dollars ($12,000.00).
Financials
From the Form C-AR filed April 7, 2025.
| Most recent fiscal year | Prior fiscal year | Source | |
|---|---|---|---|
| Revenue | $273,636 | $142,767 | sec.gov |
| Cost of goods sold | $38,851 | $17,888 | sec.gov |
| Net income | $-260,776 | $-847,299 | sec.gov |
| Taxes paid | $0 | $0 | sec.gov |
| Total assets | $488,000 | $1,171,109 | sec.gov |
| Cash | $96,148 | $102,985 | sec.gov |
| Accounts receivable | $-91,878 | $0 | sec.gov |
| Short-term debt | $76,262 | $73,116 | sec.gov |
| Long-term debt | $83,489 | $17,418 | sec.gov |
Filings
| Filed | Filing | Target | Maximum | Deadline | Note | Source |
|---|---|---|---|---|---|---|
| April 7, 2025 | Termination of reporting | Not listed | Not listed | sec.gov | ||
| April 7, 2025 | Annual report | Not listed | Not listed | sec.gov | ||
| June 24, 2024 | Progress update | $49,990 | $4,999,999 | June 15, 2024 | The Offering closed successfully on 6/16/2024, having received investment commitments of $53,565.40, although a final accounting has not taken place. | sec.gov |
| April 8, 2024 | Amendment | $49,990 | $4,999,999 | June 15, 2024 | This amendment is filed to (1) extend Offering Deadline to 06/15/2024; (2) update Financial Statements with 2023 audited financials & restated 2022 audited financials; (3) update the cash on hand and estimated runway as of March 31, 2024. | sec.gov |
| March 14, 2024 | Offering | $49,990 | $4,999,999 | April 30, 2024 | sec.gov | |
| April 12, 2023 | Termination of reporting | Not listed | Not listed | sec.gov | ||
| April 12, 2023 | Annual report | Not listed | Not listed | sec.gov | ||
| February 6, 2023 | Progress update | $25,000 | $4,250,000 | January 22, 2023 | The Offering closed successfully on 1/25/2023, having received investment commitments of $311,423.63, although a final accounting has not taken place. | sec.gov |
| November 23, 2022 | Offering | $25,000 | $4,250,000 | January 22, 2023 | sec.gov | |
| October 17, 2022 | Progress update | $9,995 | $3,999,984 | September 22, 2022 | At the close of the offering, the issuer closed on $144,305.11 and 14,655 number of securities. | sec.gov |
| August 11, 2022 | Offering | $9,995 | $3,999,984 | September 22, 2022 | sec.gov | |
| May 3, 2022 | Progress update | $25,000 | $5,000,000 | April 30, 2022 | The Offering closed successfully on 5/1/2022, having received commitments of $1,045,440, although a final accounting has not taken place. | sec.gov |
| May 2, 2022 | Annual report | Not listed | Not listed | sec.gov | ||
| April 11, 2022 | Offering | $25,000 | $5,000,000 | April 30, 2022 | sec.gov |
Updated April 7, 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.