Data / Crowdfunding / New York / Libi Materials, Inc.
Libi Materials, Inc.: crowdfunding raise on Raise Green, Inc., $80,000 to $250,000 (2023)
Libi Materials, Inc., a corporation in Tempe, NY, filed a Form C with the SEC on September 14, 2023 to raise $80,000 to $250,000 in SAFE through Raise Green, Inc.. The offering closed on December 4, 2023. In its most recent fiscal year it reported $346,900 in revenue and a net loss of $38,665.
SpecStream is the live web data engine for teams and agents. It reads every Form C on SEC EDGAR each morning, and this page is that reading. Ask for your own cut (a portal, a state, a size, a revenue range) and new raises arrive in your sheet, CRM, Slack or agent as they land.
- Website
- www.libimaterials.com
- Funding portal
- Raise Green, Inc.
- Address
- 7700 SOUTH RIVER PARKWAY, Tempe, NY 85284
- Legal form
- Corporation
- Jurisdiction
- TX
- Incorporated
- April 30, 2020
- SEC CIK
- 0001990615
Offering terms
From the offering filed September 14, 2023.
- Security
- SAFE
- Price
- $1.00
- Target
- $80,000
- Maximum
- $250,000
- Deadline
- December 4, 2023
- Portal compensation
- 7% of the final funds raised plus a $1000 launch fee and a $1600 - $1800 transaction processing fee.
Financials
From the Form C-U filed December 11, 2023.
| Most recent fiscal year | Prior fiscal year | Source | |
|---|---|---|---|
| Revenue | $346,900 | $169,499 | sec.gov |
| Cost of goods sold | $152,168 | $169,499 | sec.gov |
| Net income | $-38,665 | $-9,883 | sec.gov |
| Taxes paid | $0 | $0 | sec.gov |
| Total assets | $239,455 | $383,364 | sec.gov |
| Cash | $89,416 | $343,958 | sec.gov |
| Accounts receivable | $0 | $0 | sec.gov |
| Short-term debt | $0 | $0 | sec.gov |
| Long-term debt | $0 | $0 | sec.gov |
Filings
| Filed | Filing | Target | Maximum | Deadline | Note | Source |
|---|---|---|---|---|---|---|
| December 11, 2023 | Progress update | $80,000 | $250,000 | December 4, 2023 | The raise failed to meet its minimum target offering amount and thus was canceled. Investors have been notified and funds are in the process of being repaid. | sec.gov |
| September 14, 2023 | Offering | $80,000 | $250,000 | December 4, 2023 | sec.gov |
Updated December 11, 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.