Data / Crowdfunding / Hylete, Inc.
Hylete, Inc.: crowdfunding raise on StartEngine Capital, LLC, $9,999 to $1,699,999 (2022)
Hylete, Inc., a company, filed a Form C with the SEC on November 4, 2022 to raise $9,999 to $1,699,999 in Series B-2A Preferred Stock through StartEngine Capital, LLC. The offering closed on January 6, 2023. In its most recent fiscal year it reported $9,823,712 in revenue and a net loss of $2,731,787, with 23 employees.
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- Website
- www.hylete.com
- Funding portal
- StartEngine Capital, LLC
- SEC CIK
- 0001599738
Offering terms
From the amendment filed November 4, 2022.
- Security
- Series B-2A Preferred Stock
- Price
- $0.29
- Target
- $9,999
- Maximum
- $1,699,999
- Deadline
- January 6, 2023
- Portal compensation
- 9 percent
Financials
From the Form C/A filed November 4, 2022.
| Most recent fiscal year | Prior fiscal year | Source | |
|---|---|---|---|
| Revenue | $9,823,712 | $11,123,917 | sec.gov |
| Cost of goods sold | $4,401,034 | $5,591,662 | sec.gov |
| Net income | $-2,731,787 | $-6,720,662 | sec.gov |
| Taxes paid | $800 | $807 | sec.gov |
| Total assets | $3,913,641 | $3,879,002 | sec.gov |
| Cash | $59,661 | $153,801 | sec.gov |
| Accounts receivable | $31,329 | $56,737 | sec.gov |
| Short-term debt | $124,337 | $6,858,760 | sec.gov |
| Long-term debt | $7,661,111 | $549,069 | sec.gov |
Filings
| Filed | Filing | Target | Maximum | Deadline | Note | Source |
|---|---|---|---|---|---|---|
| January 12, 2023 | Withdrawal | Not listed | Not listed | sec.gov | ||
| November 4, 2022 | Amendment | $9,999 | $1,699,999 | January 6, 2023 | Offering is extending by 60 days | sec.gov |
| July 29, 2022 | Amendment | $9,999 | $1,699,999 | November 7, 2022 | Issuer is updating the Directors and Officers section and extending campaign end date. | sec.gov |
| June 15, 2022 | Amendment | $9,999 | $1,699,999 | September 8, 2022 | Issuer is adding disclaimer to perks | sec.gov |
| June 10, 2022 | Offering | $9,999 | $1,699,999 | September 8, 2022 | sec.gov | |
| May 4, 2022 | Annual report, amended | Not listed | Not listed | sec.gov | ||
| May 2, 2022 | Annual report | Not listed | Not listed | sec.gov | ||
| May 3, 2021 | Annual report | Not listed | Not listed | sec.gov | ||
| May 4, 2020 | Annual report | Not listed | Not listed | sec.gov | ||
| February 19, 2020 | Progress update | $10,000 | $1,070,000 | February 17, 2020 | At the close of the offering, the issuer closed on $1,069,700.72 and 1,214,512 number of securities. | sec.gov |
| November 14, 2019 | Offering | $10,000 | $1,070,000 | February 17, 2020 | sec.gov | |
| April 30, 2019 | Annual report | Not listed | Not listed | sec.gov | ||
| August 29, 2018 | Annual report, amended | Not listed | Not listed | sec.gov | ||
| April 24, 2018 | Annual report | Not listed | Not listed | sec.gov | ||
| May 3, 2017 | Progress update | $250,000 | $1,000,000 | April 28, 2017 | Amount of securities sold at the close of the offering is $1,000,000. | sec.gov |
| May 1, 2017 | Annual report | Not listed | Not listed | sec.gov | ||
| February 3, 2017 | Offering | $250,000 | $1,000,000 | April 28, 2017 | sec.gov |
Updated January 12, 2023. 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.