Data / Crowdfunding / California / MentalHappy, Inc.
MentalHappy, Inc.: crowdfunding raise on Wefunder Portal LLC, $50,000 to $124,000 (2023)
MentalHappy, Inc., a corporation in San Francisco, CA, filed a Form C with the SEC on April 28, 2023 to raise $50,000 to $124,000 in Simple Agreement for Future Equity (SAFE) through Wefunder Portal LLC. The offering closed on April 29, 2024. In its most recent fiscal year it reported $684 in revenue and a net loss of $282,646, with 6 employees.
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- Website
- www.mentalhappy.com
- Funding portal
- Wefunder Portal LLC
- Address
- 2193 Fillmore Street #15, San Francisco, CA 94115
- Legal form
- Corporation
- Jurisdiction
- DE
- Incorporated
- January 4, 2016
- SEC CIK
- 0001809358
Offering terms
From the amendment filed April 28, 2023.
- Security
- Simple Agreement for Future Equity (SAFE)
- Price
- $1.00
- Target
- $50,000
- Maximum
- $124,000
- Deadline
- April 29, 2024
- Portal compensation
- 3.0% 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 April 28, 2023.
| Most recent fiscal year | Prior fiscal year | Source | |
|---|---|---|---|
| Revenue | $684 | $0 | sec.gov |
| Cost of goods sold | $0 | $0 | sec.gov |
| Net income | $-282,646 | $-311,781 | sec.gov |
| Taxes paid | $0 | $0 | sec.gov |
| Total assets | $96,822 | $347,574 | sec.gov |
| Cash | $95,039 | $344,678 | sec.gov |
| Accounts receivable | $0 | $0 | sec.gov |
| Short-term debt | $7,599 | $46,812 | sec.gov |
| Long-term debt | $255,766 | $855,056 | sec.gov |
Filings
| Filed | Filing | Target | Maximum | Deadline | Note | Source |
|---|---|---|---|---|---|---|
| April 28, 2023 | Amendment | $50,000 | $124,000 | April 29, 2024 | Adding 2022 financials, extending campaign, lowering maximum target. | sec.gov |
| February 6, 2023 | Offering | $50,000 | $340,711 | April 30, 2023 | sec.gov | |
| August 26, 2022 | Progress update | $9,999 | $534,989 | August 22, 2022 | At the close of the offering, the issuer closed on $277,288.39 and 163,565 number of securities. | sec.gov |
| May 24, 2022 | Offering | $9,999 | $534,989 | August 22, 2022 | sec.gov | |
| May 12, 2022 | Progress update | $9,997 | $1,069,999 | April 30, 2021 | Adjustment to the initial Form C-U filing of 05/07/2021. At the close of the offering, the issuer closed on $205,579.87 and 39,577 number of securities. | sec.gov |
| April 27, 2022 | Annual report | Not listed | Not listed | sec.gov | ||
| May 7, 2021 | Progress update | $9,997 | $1,069,999 | April 30, 2021 | At the close of the offering, the issuer closed on $198,631.57 and 39,577 securities. | sec.gov |
| April 23, 2021 | Amendment | $9,997 | $1,069,999 | April 30, 2021 | Disclosing a new investment | sec.gov |
| March 1, 2021 | Amendment | $9,997 | $1,069,999 | April 30, 2021 | Issuer extended its campaign. | sec.gov |
| January 26, 2021 | Amendment | $9,997 | $1,069,999 | March 3, 2021 | Issuer extended its campaign. | sec.gov |
| November 19, 2020 | Amendment | $9,997 | $1,069,999 | January 29, 2021 | Issuer extended its campaign. | sec.gov |
| September 18, 2020 | Amendment | $9,997 | $1,069,999 | November 20, 2020 | Issuer is extending the length of their campaign by 60 days. | sec.gov |
| July 21, 2020 | Amendment | $9,997 | $1,069,999 | September 21, 2020 | Issuer provided reviewed financials, increased their maximum raise amount, and extended their campaign. | sec.gov |
| April 24, 2020 | Offering | $9,997 | $106,996 | July 23, 2020 | sec.gov |
Also on SpecStream
Updated April 28, 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.