Data / Crowdfunding / California / Mealthy Inc.
Mealthy Inc.: crowdfunding raise on Wefunder Portal LLC, $150,000 to $5,000,000 (2021)
Mealthy Inc., a corporation in Fresno, CA, filed a Form C with the SEC on June 17, 2021 to raise $150,000 to $5,000,000 in Simple Agreement for Future Equity (SAFE) through Wefunder Portal LLC. The offering closed on April 30, 2022. In its most recent fiscal year it reported $7,468,983 in revenue and a net loss of $6,516, with 10 employees.
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- Website
- www.mealthy.com
- Funding portal
- Wefunder Portal LLC
- Address
- 3437 W Shaw Ave Suite 101, Fresno, CA 93711
- Legal form
- Corporation
- Jurisdiction
- DE
- Incorporated
- August 15, 2017
- SEC CIK
- 0001769210
Offering terms
From the amendment filed June 17, 2021.
- Security
- Simple Agreement for Future Equity (SAFE)
- Price
- $1.00
- Target
- $150,000
- Maximum
- $5,000,000
- Deadline
- April 30, 2022
- Portal compensation
- <p>7% 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.</p>
Financials
From the Form C/A filed June 17, 2021.
| Most recent fiscal year | Prior fiscal year | Source | |
|---|---|---|---|
| Revenue | $7,468,983 | $5,940,426 | sec.gov |
| Cost of goods sold | $6,241,253 | $4,822,327 | sec.gov |
| Net income | $-6,516 | $-1,760,755 | sec.gov |
| Taxes paid | $47,157 | $201,718 | sec.gov |
| Total assets | $946,722 | $998,420 | sec.gov |
| Cash | $2,544 | $151,038 | sec.gov |
| Accounts receivable | $98,521 | $83,502 | sec.gov |
| Short-term debt | $170,682 | $386,365 | sec.gov |
| Long-term debt | $149,900 | $0 | sec.gov |
Filings
| Filed | Filing | Target | Maximum | Deadline | Note | Source |
|---|---|---|---|---|---|---|
| June 17, 2021 | Amendment | $150,000 | $5,000,000 | April 30, 2022 | Adding audited financials, increasing maximum target, adding lead investor, and extending offering. | sec.gov |
| December 11, 2020 | Offering | $150,000 | $1,070,000 | April 8, 2021 | sec.gov | |
| December 4, 2020 | Annual report | Not listed | Not listed | sec.gov | ||
| August 22, 2019 | Progress update | $25,000 | $1,070,000 | August 21, 2019 | The offering successfully closed, having raised $1,070,000. | sec.gov |
| June 21, 2019 | Amendment | $25,000 | $1,070,000 | August 21, 2019 | Form C/A: https://www.sec.gov/Archives/edgar/data/1769210/000176921019000002/0001769210-19-000002-index.htm is hereby amended and restated to correct the Deadline to reach the Target Offering Amount to August 21, 2019 at 11:59pm PT. | sec.gov |
| June 21, 2019 | Amendment | $25,000 | $1,070,000 | December 31, 2019 | The offering deadline in the Company's initial Form C is amended to August 21, 2019 at 11:59pm PT. Investment commitments will be accepted in the 48 hours prior to the offering deadline. Cancellations can be made before 11:59pm PT on August 19, 2018. | sec.gov |
| May 14, 2019 | Offering | $25,000 | $1,070,000 | December 31, 2019 | sec.gov |
Updated June 17, 2021. 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.