Data / Crowdfunding / New York / Lieu Ltd
Lieu Ltd: crowdfunding raise on OpenDeal Portal LLC, $25,000 to $1,070,000 (2020)
Lieu Ltd, a corporation in New York, NY, filed a Form C with the SEC on February 25, 2020 to raise $25,000 to $1,070,000 in Crowd Safe Units of SAFE (Simple Agreement for Future Equity) through OpenDeal Portal LLC. The offering closed on April 29, 2020. In its most recent fiscal year it reported $1,564 in revenue and a net loss of $2,701, with 2 employees.
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- Website
- www.thelieu.com
- Funding portal
- OpenDeal Portal LLC
- Address
- 31-12 BROADWAY, QUEENS, New York, NY 11106
- Legal form
- Corporation
- Jurisdiction
- DE
- Incorporated
- February 1, 2018
- SEC CIK
- 0001790042
Offering terms
From the amendment filed February 25, 2020.
- Security
- Crowd Safe Units of SAFE (Simple Agreement for Future Equity)
- Price
- $1.00
- Target
- $25,000
- Maximum
- $1,070,000
- Deadline
- April 29, 2020
- Portal compensation
- 6% of the amount raised in the Offering.
Financials
From the Form C-AR filed June 12, 2020.
| Most recent fiscal year | Prior fiscal year | Source | |
|---|---|---|---|
| Revenue | $1,564 | $1,893 | sec.gov |
| Cost of goods sold | $4,265 | $893 | sec.gov |
| Net income | $-2,701 | $0 | sec.gov |
| Taxes paid | $0 | $0 | sec.gov |
| Total assets | $30,514 | $2,126 | sec.gov |
| Cash | $14,514 | $1,126 | 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 |
|---|---|---|---|---|---|---|
| June 12, 2020 | Annual report | Not listed | Not listed | sec.gov | ||
| April 30, 2020 | Progress update | $25,000 | $1,070,000 | April 29, 2020 | The Offering closed successfully on April 29, 2020, having received investment commitments of $73,109, although a final accounting has not taken place. | sec.gov |
| February 25, 2020 | Amendment | $25,000 | $1,070,000 | April 29, 2020 | The offering is hereby extended to April 29, 2020, superseding the previous Form C/A filed today. | sec.gov |
| February 25, 2020 | Amendment | $25,000 | $1,070,000 | March 31, 2020 | The Form C is hereby amended to extend the offering deadline to March 31, 2020. | sec.gov |
| November 1, 2019 | Offering | $25,000 | $1,070,000 | February 28, 2020 | sec.gov |
Updated June 12, 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.