Data / Crowdfunding / Ohio / Lexi Devices, Inc.
Lexi Devices, Inc.: crowdfunding raise on OpenDeal Portal LLC, $50,000 to $618,000 (2024)
Lexi Devices, Inc., a corporation in Lebanon, OH, filed a Form C with the SEC on August 9, 2024 to raise $50,000 to $618,000 in Crowd SAFE (Simple Agreement for Future Equity) through OpenDeal Portal LLC. The offering closed on November 21, 2024. In its most recent fiscal year it reported $54,054 in revenue and a net loss of $682,497, with 18 employees.
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- Website
- lexi.tech
- Funding portal
- OpenDeal Portal LLC
- Address
- 726 E. MAIN ST., SUITE F #264, Lebanon, OH 45036
- Legal form
- Corporation
- Jurisdiction
- DE
- Incorporated
- December 27, 2017
- SEC CIK
- 0001932835
Offering terms
From the amendment filed August 9, 2024.
- Security
- Crowd SAFE (Simple Agreement for Future Equity)
- Price
- $1.00
- Target
- $50,000
- Maximum
- $618,000
- Deadline
- November 21, 2024
- Portal compensation
- The Issuer shall pay to the Intermediary (I) a cash fee equal to the greater of (A)$15,000.00 or (B) 6% of the aggregate amount of the Securities sold by the Issuer in a Successful Offering. Issuer shall pay to the Intermediary a non-refundable fee $7500.
Financials
From the Form C-AR filed May 5, 2026.
| Most recent fiscal year | Prior fiscal year | Source | |
|---|---|---|---|
| Revenue | $54,054 | $256,449 | sec.gov |
| Cost of goods sold | $2,049 | $3,421 | sec.gov |
| Net income | $-682,497 | $-988,605 | sec.gov |
| Taxes paid | $1,396 | $1,665 | sec.gov |
| Total assets | $1,781,362 | $1,740,779 | sec.gov |
| Cash | $89,816 | $41,985 | sec.gov |
| Accounts receivable | $1,556,006 | $1,555,826 | sec.gov |
| Short-term debt | $53,075 | $1,468,276 | sec.gov |
| Long-term debt | $150,000 | $150,000 | sec.gov |
Filings
| Filed | Filing | Target | Maximum | Deadline | Note | Source |
|---|---|---|---|---|---|---|
| May 5, 2026 | Annual report | Not listed | Not listed | sec.gov | ||
| May 1, 2025 | Annual report | Not listed | Not listed | sec.gov | ||
| December 12, 2024 | Progress update | $50,000 | $618,000 | November 21, 2024 | The Offering closed successfully on 11/22/2024, having received investment commitments of $136,852, although a final accounting has not taken place. | sec.gov |
| October 18, 2024 | Progress update | $50,000 | $618,000 | November 21, 2024 | At the close of the offering, the issuer closed on $0.00 and 0 number of securities. | sec.gov |
| August 9, 2024 | Amendment | $50,000 | $618,000 | November 21, 2024 | Check box if Amendment is material and investors must reconfirm within five business days. - Addition of Early Investor Tier (see Conversion section) | sec.gov |
| July 31, 2024 | Offering | $50,000 | $618,000 | November 21, 2024 | sec.gov | |
| May 29, 2024 | Offering | $15,000 | $618,000 | August 27, 2024 | sec.gov | |
| April 29, 2024 | Annual report | Not listed | Not listed | sec.gov | ||
| April 28, 2023 | Annual report | Not listed | Not listed | sec.gov | ||
| March 28, 2023 | Progress update | $25,000 | $1,070,000 | April 30, 2023 | The Offering closed successfully on 3/21/2023, having received investment commitments of $591,361.23, although a final accounting has not taken place. | sec.gov |
| January 20, 2023 | Amendment | $25,000 | $1,070,000 | April 30, 2023 | This amendment is filed to change the Offering Deadline to March 20, 2023 | sec.gov |
| August 26, 2022 | Offering | $25,000 | $1,070,000 | April 30, 2023 | sec.gov |
Also on SpecStream
Updated May 5, 2026. 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.