Data / Crowdfunding / New York / ITM, Inc.
ITM, Inc.: crowdfunding raise on OpenDeal Portal LLC, $25,000 to $1,070,000 (2021)
ITM, Inc., a corporation in New York, NY, filed a Form C with the SEC on February 9, 2021 to raise $25,000 to $1,070,000 in Crowd SAFE (Simple Agreement for Future Equity) through OpenDeal Portal LLC. The offering closed on April 30, 2021. In its most recent fiscal year it reported $0 in revenue and a net loss of $250,586, with 10 employees.
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- Website
- www.meetitm.com
- Funding portal
- OpenDeal Portal LLC
- Address
- 1120 6TH AVENUE 4TH FLOOR, New York, NY 10036
- Legal form
- Corporation
- Jurisdiction
- DE
- Incorporated
- March 14, 2005
- SEC CIK
- 0001835335
Offering terms
From the offering filed February 9, 2021.
- Security
- Crowd SAFE (Simple Agreement for Future Equity)
- Price
- $1.00
- Target
- $25,000
- Maximum
- $1,070,000
- Deadline
- April 30, 2021
- Portal compensation
- At the conclusion of the offering, the issuer shall pay a fee of six percent (6%) of the amount raised in the offering to the Intermediary.
Financials
From the Form C-AR filed May 2, 2022.
| Most recent fiscal year | Prior fiscal year | Source | |
|---|---|---|---|
| Revenue | $0 | $0 | sec.gov |
| Cost of goods sold | $41,997 | $25,256 | sec.gov |
| Net income | $-250,586 | $-122,732 | sec.gov |
| Taxes paid | $0 | $0 | sec.gov |
| Total assets | $6,057 | $16,139 | sec.gov |
| Cash | $6,057 | $16,139 | sec.gov |
| Accounts receivable | $0 | $0 | sec.gov |
| Short-term debt | $0 | $0 | sec.gov |
| Long-term debt | $174,211 | $83,871 | sec.gov |
Filings
| Filed | Filing | Target | Maximum | Deadline | Note | Source |
|---|---|---|---|---|---|---|
| May 2, 2022 | Annual report | Not listed | Not listed | sec.gov | ||
| May 4, 2021 | Progress update | $25,000 | $1,070,000 | April 30, 2021 | The Offering was successful as of its deadline, April 30, 2021, having received investment commitments of $77,001 although a final accounting has not taken place. | sec.gov |
| February 9, 2021 | Offering | $25,000 | $1,070,000 | April 30, 2021 | sec.gov |
Updated May 2, 2022. 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.