Data / Crowdfunding / California / L5 Automation Inc.
L5 Automation Inc.: crowdfunding raise on Wefunder Portal LLC, $46,000 to $1,235,000 (2024)
L5 Automation Inc., a corporation in La Caada Flintridge, CA, filed a Form C with the SEC on April 10, 2024 to raise $46,000 to $1,235,000 in Simple Agreement for Future Equity (SAFE) through Wefunder Portal LLC. The offering closed on April 29, 2024. In its most recent fiscal year it reported $701,093 in revenue and a net loss of $595,060, with 5 employees.
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- Website
- www.l5automation.com
- Funding portal
- Wefunder Portal LLC
- Address
- 191 Starlight Crest Dr, La Caada Flintridge, CA 91011
- Legal form
- Corporation
- Jurisdiction
- CA
- Incorporated
- March 18, 2020
- SEC CIK
- 0001882848
Offering terms
From the amendment filed April 10, 2024.
- Security
- Simple Agreement for Future Equity (SAFE)
- Price
- $1.00
- Target
- $46,000
- Maximum
- $1,235,000
- Deadline
- April 29, 2024
- Portal compensation
- 7.5% of the offering amount upon a successful fundraise, and be entitled to reimbursement for out-of-pocket third party expenses it pays or incurs on behalf of the Issuer in connection with the offering.
Financials
From the Form C-AR filed April 10, 2025.
| Most recent fiscal year | Prior fiscal year | Source | |
|---|---|---|---|
| Revenue | $701,093 | $436,680 | sec.gov |
| Cost of goods sold | $43,863 | $0 | sec.gov |
| Net income | $-595,060 | $-721,553 | sec.gov |
| Taxes paid | $0 | $0 | sec.gov |
| Total assets | $714,926 | $764,408 | sec.gov |
| Cash | $94,754 | $3,822 | sec.gov |
| Accounts receivable | $0 | $0 | sec.gov |
| Short-term debt | $331,542 | $234,439 | sec.gov |
| Long-term debt | $356,073 | $280,000 | sec.gov |
Filings
| Filed | Filing | Target | Maximum | Deadline | Note | Source |
|---|---|---|---|---|---|---|
| April 10, 2025 | Annual report | Not listed | Not listed | sec.gov | ||
| April 10, 2024 | Amendment | $46,000 | $1,235,000 | April 29, 2024 | Changed Runway & Short/Mid Term Expenses profitability language, added two board members, added risk | sec.gov |
| January 9, 2024 | Amendment | $46,000 | $1,235,000 | April 29, 2024 | Increasing Early Bird threshold to $250,000 | sec.gov |
| December 22, 2023 | Amendment | $46,000 | $1,235,000 | April 29, 2024 | Lowering the minimum to $46,000 | sec.gov |
| December 1, 2023 | Offering | $50,000 | $1,235,000 | April 29, 2024 | sec.gov |
Also on SpecStream
Updated April 10, 2025. 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.