Data / Crowdfunding / Massachusetts / Jassby, Inc.
Jassby, Inc.: crowdfunding raise on SI SECURITIES, LLC, $25,000 to $1,070,000 (2020)
Jassby, Inc., a corporation in Waltham, MA, filed a Form C with the SEC on October 23, 2020 to raise $25,000 to $1,070,000 in preferred stock through SI SECURITIES, LLC. The offering closed on January 15, 2021. In its most recent fiscal year it reported $95,066 in revenue and a net loss of $3,216,947, with 26 employees.
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- Website
- www.jassby.com
- Funding portal
- SI SECURITIES, LLC
- Address
- 404 WYMAN STREET SUITE 385, Waltham, MA 02451
- Legal form
- Corporation
- Jurisdiction
- DE
- Incorporated
- January 3, 2017
- SEC CIK
- 0001727194
Offering terms
From the offering filed October 23, 2020.
- Security
- Preferred Stock
- Price
- $3.17
- Target
- $25,000
- Maximum
- $1,070,000
- Deadline
- January 15, 2021
- Portal compensation
- 7.5% of the amount raised
Financials
From the Form C-U filed January 12, 2021.
| Most recent fiscal year | Prior fiscal year | Source | |
|---|---|---|---|
| Revenue | $95,066 | $450 | sec.gov |
| Cost of goods sold | $234,322 | $8,640 | sec.gov |
| Net income | $-3,216,947 | $-1,851,282 | sec.gov |
| Taxes paid | $0 | $0 | sec.gov |
| Total assets | $844,535 | $1,352,929 | sec.gov |
| Cash | $463,272 | $1,159,627 | sec.gov |
| Accounts receivable | $380 | $0 | sec.gov |
| Short-term debt | $228,086 | $92,956 | sec.gov |
| Long-term debt | $2,500,000 | $0 | sec.gov |
Filings
| Filed | Filing | Target | Maximum | Deadline | Note | Source |
|---|---|---|---|---|---|---|
| January 12, 2021 | Progress update | $25,000 | $1,070,000 | January 15, 2021 | The issuer raised approximately $489,346.56 during the offering period. Payments are still being processed; the exact amount has yet to be determined. | sec.gov |
| October 23, 2020 | Offering | $25,000 | $1,070,000 | January 15, 2021 | sec.gov |
Updated January 12, 2021. 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.