Data / Crowdfunding / Rhode Island / Mighty Well Inc.
Mighty Well Inc.: crowdfunding raise on OpenDeal Inc. dba "Republic", $25,000 to $500,000 (2018)
Mighty Well Inc., a corporation in Newport, RI, filed a Form C with the SEC on February 12, 2018 to raise $25,000 to $500,000 in Crowd SAFE (Simple Agreement for Future Equity) Units through OpenDeal Inc. dba "Republic". The offering closed on March 31, 2018. In its most recent fiscal year it reported $663,845 in revenue and a net loss of $452,383, with 3 employees.
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- Website
- mightywell.com
- Funding portal
- OpenDeal Inc. dba "Republic"
- Address
- 45 CATHERINE ST. 45 CATHERINE ST., Newport, RI 02840
- Legal form
- Corporation
- Jurisdiction
- DE
- Incorporated
- September 27, 2016
- SEC CIK
- 0001716298
Offering terms
From the amendment filed February 12, 2018.
- Security
- Crowd SAFE (Simple Agreement for Future Equity) Units
- Price
- $1.00
- Target
- $25,000
- Maximum
- $500,000
- Deadline
- March 31, 2018
- Portal compensation
- A 5.0% (five percent) commission based on the amount of investments raised in the offering.
Financials
From the Form C-AR filed February 28, 2023.
| Most recent fiscal year | Prior fiscal year | Source | |
|---|---|---|---|
| Revenue | $663,845 | $474,865 | sec.gov |
| Cost of goods sold | $188,566 | $132,834 | sec.gov |
| Net income | $-452,383 | $-456,188 | sec.gov |
| Taxes paid | $9,838 | $6,779 | sec.gov |
| Total assets | $322,020 | $586,820 | sec.gov |
| Cash | $88,576 | $287,478 | sec.gov |
| Accounts receivable | $29,087 | $13,367 | sec.gov |
| Short-term debt | $16,648 | $27,039 | sec.gov |
| Long-term debt | $1,724,310 | $1,488,804 | sec.gov |
Filings
| Filed | Filing | Target | Maximum | Deadline | Note | Source |
|---|---|---|---|---|---|---|
| March 1, 2023 | Termination of reporting | Not listed | Not listed | sec.gov | ||
| February 28, 2023 | Annual report | Not listed | Not listed | sec.gov | ||
| April 20, 2021 | Annual report | Not listed | Not listed | sec.gov | ||
| April 28, 2020 | Annual report | Not listed | Not listed | sec.gov | ||
| May 3, 2019 | Annual report | Not listed | Not listed | sec.gov | ||
| May 8, 2018 | Annual report | Not listed | Not listed | sec.gov | ||
| May 7, 2018 | Progress update | $25,000 | $500,000 | March 31, 2018 | The intermediary has indicated that at the end of the offering the issuer has closed on approximately $99,995 in securities sold. | sec.gov |
| February 12, 2018 | Amendment | $25,000 | $500,000 | March 31, 2018 | Extending offering deadline date to March 31, 2018. | sec.gov |
| November 21, 2017 | Amendment | $25,000 | $500,000 | February 15, 2018 | Updating target offering amount, minimum amount of securities, minimum investment amount, use of proceeds chart, and extending offering deadline date, and amended Offering Page exhibit. | sec.gov |
| November 17, 2017 | Offering | $50,000 | $500,000 | December 31, 2017 | sec.gov |
Updated March 1, 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.