Data / Crowdfunding / South Carolina / Latett, Inc.
Latett, Inc.: crowdfunding raise on Wefunder Portal LLC, $250,000 to $1,070,000 (2020)
Latett, Inc., a corporation in Summerville, SC, filed a Form C with the SEC on August 4, 2020 to raise $250,000 to $1,070,000 in Simple Agreement for Future Equity (SAFE) through Wefunder Portal LLC. The offering closed on November 27, 2020. In its most recent fiscal year it reported $25,000 in revenue and a net loss of $1,019,201, with 7 employees.
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- Website
- www.gides.com
- Funding portal
- Wefunder Portal LLC
- Address
- 10070 Dorchester Road PO Box 50485, Summerville, SC 29485
- Legal form
- Corporation
- Jurisdiction
- DE
- Incorporated
- January 20, 2016
- SEC CIK
- 0001764885
Offering terms
From the amendment filed August 4, 2020.
- Security
- Simple Agreement for Future Equity (SAFE)
- Price
- $1.00
- Target
- $250,000
- Maximum
- $1,070,000
- Deadline
- November 27, 2020
- Portal compensation
- 6.5% 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/A filed August 4, 2020.
| Most recent fiscal year | Prior fiscal year | Source | |
|---|---|---|---|
| Revenue | $25,000 | $0 | sec.gov |
| Cost of goods sold | $0 | $0 | sec.gov |
| Net income | $-1,019,201 | $-334,775 | sec.gov |
| Taxes paid | $0 | $0 | sec.gov |
| Total assets | $2,380,080 | $1,284,720 | sec.gov |
| Cash | $6,943 | $106,782 | sec.gov |
| Accounts receivable | $0 | $0 | sec.gov |
| Short-term debt | $3,863,822 | $1,749,261 | sec.gov |
| Long-term debt | $0 | $0 | sec.gov |
Filings
| Filed | Filing | Target | Maximum | Deadline | Note | Source |
|---|---|---|---|---|---|---|
| August 4, 2020 | Amendment | $250,000 | $1,070,000 | November 27, 2020 | Correcting name of prior investors. | sec.gov |
| August 3, 2020 | Offering | $250,000 | $1,070,000 | November 27, 2020 | sec.gov |
Updated August 4, 2020. 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.