Data / Crowdfunding / New York / KapitalWise, Inc.
KapitalWise, Inc.: crowdfunding raise on OpenDeal Portal LLC, $25,000 to $535,000 (2022)
KapitalWise, Inc., a corporation in New York, NY, filed a Form C with the SEC on September 15, 2022 to raise $25,000 to $535,000 in Crowd SAFE (Simple Agreement for Future Equity) through OpenDeal Portal LLC. The offering closed on January 8, 2023. In its most recent fiscal year it reported $47,897 in revenue and a net loss of $95,552, with 12 employees.
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- Website
- www.kapitalwise.com
- Funding portal
- OpenDeal Portal LLC
- Address
- 43 WEST 23RD STREET, New York, NY 10010
- Legal form
- Corporation
- Jurisdiction
- DE
- Incorporated
- April 11, 2017
- SEC CIK
- 0001805525
Offering terms
From the offering filed September 15, 2022.
- Security
- Crowd SAFE (Simple Agreement for Future Equity)
- Price
- $1.00
- Target
- $25,000
- Maximum
- $535,000
- Deadline
- January 8, 2023
- 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 1, 2023.
| Most recent fiscal year | Prior fiscal year | Source | |
|---|---|---|---|
| Revenue | $47,897 | $44,089 | sec.gov |
| Cost of goods sold | $143,449 | $246,333 | sec.gov |
| Net income | $-95,552 | $-202,244 | sec.gov |
| Taxes paid | $0 | $0 | sec.gov |
| Total assets | $1,584 | $95,671 | sec.gov |
| Cash | $1,584 | $85,111 | sec.gov |
| Accounts receivable | $0 | $10,560 | sec.gov |
| Short-term debt | $0 | $47,674 | sec.gov |
| Long-term debt | $101,210 | $348,460 | sec.gov |
Filings
| Filed | Filing | Target | Maximum | Deadline | Note | Source |
|---|---|---|---|---|---|---|
| May 1, 2023 | Annual report | Not listed | Not listed | sec.gov | ||
| January 17, 2023 | Progress update | $25,000 | $535,000 | January 8, 2023 | The Offering closed successfully on 1/9/2023, having received investment commitments of $41,162, although a final accounting has not taken place. | sec.gov |
| September 15, 2022 | Offering | $25,000 | $535,000 | January 8, 2023 | sec.gov | |
| April 28, 2022 | Annual report | Not listed | Not listed | sec.gov | ||
| June 17, 2021 | Annual report, amended | Not listed | Not listed | sec.gov | ||
| May 5, 2021 | Progress update | $9,998 | $432,997 | April 30, 2021 | At the close of the offering, the issuer closed on $324,392.25 and 246,396 number of securities. | sec.gov |
| April 16, 2021 | Annual report | Not listed | Not listed | sec.gov | ||
| February 16, 2021 | Amendment | $9,998 | $432,997 | April 30, 2021 | Issuer updated their indebtedness section and extended its campaign | sec.gov |
| December 18, 2020 | Amendment | $9,998 | $432,997 | February 19, 2021 | Issuer extended their campaign. | sec.gov |
| October 19, 2020 | Amendment | $9,998 | $432,997 | December 21, 2020 | Issuer extended their campaign. | sec.gov |
| July 24, 2020 | Offering | $9,998 | $432,997 | October 22, 2020 | sec.gov | |
| July 15, 2020 | Annual report | Not listed | Not listed | sec.gov | ||
| May 22, 2020 | Progress update | $25,000 | $107,000 | May 18, 2020 | $100,960 IN INVESTMENTS. PAYMENTS STILL BEING PROCESSED; FINAL FIGURE NOT YET DETERMINED. | sec.gov |
| May 4, 2020 | Amendment | $25,000 | $107,000 | May 18, 2020 | Amendment filed to add a webinar transcript as Exhibit G. | sec.gov |
| March 19, 2020 | Offering | $25,000 | $107,000 | May 18, 2020 | sec.gov |
Updated May 1, 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.