Data / Crowdfunding / California / Mercury Technologies, Inc.
Mercury Technologies, Inc.: crowdfunding raise on Wefunder Portal LLC, $2,499,977 to $4,999,954 (2021)
Mercury Technologies, Inc., a corporation in San Francisco, CA, filed a Form C with the SEC on October 20, 2021 to raise $2,499,977 to $4,999,954 in preferred stock through Wefunder Portal LLC. The offering closed on October 22, 2021. In its most recent fiscal year it reported $2,713,633 in revenue and a net loss of $8,708,185, with 149 employees.
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- Website
- mercury.com
- Funding portal
- Wefunder Portal LLC
- Address
- 660 Mission Street Floor 4, San Francisco, CA 94105
- Legal form
- Corporation
- Jurisdiction
- DE
- Incorporated
- August 18, 2017
- SEC CIK
- 0001719932
Offering terms
From the amendment filed October 20, 2021.
- Security
- Preferred Stock
- Price
- $76.82
- Target
- $2,499,977
- Maximum
- $4,999,954
- Deadline
- October 22, 2021
- 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-U filed February 16, 2022.
| Most recent fiscal year | Prior fiscal year | Source | |
|---|---|---|---|
| Revenue | $2,713,633 | $473,123 | sec.gov |
| Cost of goods sold | $1,149,081 | $105,167 | sec.gov |
| Net income | $-8,708,185 | $-3,662,243 | sec.gov |
| Taxes paid | $0 | $0 | sec.gov |
| Total assets | $30,884,122 | $21,758,890 | sec.gov |
| Cash | $27,877,909 | $19,241,054 | sec.gov |
| Accounts receivable | $468,617 | $704 | sec.gov |
| Short-term debt | $17,838,348 | $291,670 | sec.gov |
| Long-term debt | $1,000,000 | $1,400,000 | sec.gov |
Filings
| Filed | Filing | Target | Maximum | Deadline | Note | Source |
|---|---|---|---|---|---|---|
| February 16, 2022 | Progress update | $2,499,977 | $4,999,954 | October 22, 2021 | The final number is $4,914,037.00 in investments. | sec.gov |
| October 20, 2021 | Amendment | $2,499,977 | $4,999,954 | October 22, 2021 | Changing the closing date to 10/22/2021. | sec.gov |
| September 28, 2021 | Offering | $2,499,977 | $4,999,954 | October 19, 2021 | sec.gov |
Also on SpecStream
Updated February 16, 2022. 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.