Data / Crowdfunding / California / Intec Bioplastics, Inc.
Intec Bioplastics, Inc.: crowdfunding raise on ANDES CAPITAL GROUP, LLC, $10,000 (2024)
Intec Bioplastics, Inc., a corporation in Santa Monica, CA, filed a Form C with the SEC on August 28, 2024 to raise $10,000 in common stock through ANDES CAPITAL GROUP, LLC. The offering closed on December 31, 2024. In its most recent fiscal year it reported $0 in revenue and a net loss of $7,419,591, with 12 employees.
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- Website
- www.intecbioplastics.com
- Funding portal
- ANDES CAPITAL GROUP, LLC
- Address
- 520 BROADWAY #200 SUITE 1175, Santa Monica, CA 90401
- Legal form
- Corporation
- Jurisdiction
- WY
- Incorporated
- December 11, 2019
- SEC CIK
- 0002030337
Offering terms
From the amendment filed August 28, 2024.
- Security
- Common Stock
- Price
- $0.10
- Target
- $10,000
- Deadline
- December 31, 2024
- Portal compensation
- Andes Capital Group, LLC will receive a 3% cash commission in connection with money raised in this offering. A $3,500 setup fee and $750 monthly platform fee is being paid to KoreConX.
Financials
From the Form C/A filed August 28, 2024.
| Most recent fiscal year | Prior fiscal year | Source | |
|---|---|---|---|
| Revenue | $0 | $0 | sec.gov |
| Cost of goods sold | $0 | $0 | sec.gov |
| Net income | $-7,419,591 | $-2,262,330 | sec.gov |
| Taxes paid | $0 | $0 | sec.gov |
| Total assets | $150,788 | $133,984 | sec.gov |
| Cash | $38,494 | $21,690 | sec.gov |
| Accounts receivable | $0 | $0 | sec.gov |
| Short-term debt | $9,820,655 | $2,384,260 | sec.gov |
| Long-term debt | $0 | $0 | sec.gov |
Filings
| Filed | Filing | Target | Maximum | Deadline | Note | Source |
|---|---|---|---|---|---|---|
| August 28, 2024 | Amendment | $10,000 | Not listed | December 31, 2024 | Update to beneficial ownership of the company's common stock | sec.gov |
| August 27, 2024 | Amendment | $10,000 | Not listed | December 31, 2024 | This amendment decreases the price per share to $0.10 from $1.00 and increases the shares offered to 50 million from 5 million. | sec.gov |
| August 1, 2024 | Amendment | $10,000 | Not listed | December 31, 2024 | The amended Form C includes exhibits, including audited financial statements, and increases the offering amount to $5 million. | sec.gov |
| July 18, 2024 | Offering | $10,000 | Not listed | December 31, 2024 | sec.gov |
Updated August 28, 2024. 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.