Data / Crowdfunding / Oregon / Mindcurrent Inc.
Mindcurrent Inc.: crowdfunding raise on Wefunder Portal LLC, $50,000 to $500,000 (2020)
Mindcurrent Inc., a corporation in Beaverton, OR, filed a Form C with the SEC on September 1, 2020 to raise $50,000 to $500,000 in Simple Agreement for Future Equity (SAFE) through Wefunder Portal LLC. The offering closed on September 9, 2020. In its most recent fiscal year it reported $962 in revenue and a net loss of $575,954, with 3 employees.
SpecStream is the live web data engine for teams and agents. It reads every Form C on SEC EDGAR each morning, and this page is that reading. Ask for your own cut (a portal, a state, a size, a revenue range) and new raises arrive in your sheet, CRM, Slack or agent as they land.
- Website
- www.mindcurrent.io
- Funding portal
- Wefunder Portal LLC
- Address
- 15420 SW Emerald St, Beaverton, OR 97007
- Legal form
- Corporation
- Jurisdiction
- DE
- Incorporated
- May 6, 2019
- SEC CIK
- 0001803418
Offering terms
From the amendment filed September 1, 2020.
- Security
- Simple Agreement for Future Equity (SAFE)
- Price
- $1.00
- Target
- $50,000
- Maximum
- $500,000
- Deadline
- September 9, 2020
- Portal compensation
- 7.5% 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 September 1, 2020.
| Most recent fiscal year | Prior fiscal year | Source | |
|---|---|---|---|
| Revenue | $962 | $0 | sec.gov |
| Cost of goods sold | $0 | $0 | sec.gov |
| Net income | $-575,954 | $-48,846 | sec.gov |
| Taxes paid | $0 | $0 | sec.gov |
| Total assets | $6,939 | $71,666 | sec.gov |
| Cash | $2,139 | $71,666 | sec.gov |
| Accounts receivable | $0 | $0 | sec.gov |
| Short-term debt | $48,139 | $2,712 | sec.gov |
| Long-term debt | $615,000 | $150,000 | sec.gov |
Filings
| Filed | Filing | Target | Maximum | Deadline | Note | Source |
|---|---|---|---|---|---|---|
| September 1, 2020 | Amendment | $50,000 | $500,000 | September 9, 2020 | Adding lead investor and custodian. | sec.gov |
| April 21, 2020 | Amendment | $50,000 | $107,000 | July 31, 2020 | Added 2019 reviewed financials, upped max fundraise limit to $500K and changed closing date to 7/31/2020 | sec.gov |
| February 14, 2020 | Offering | $50,000 | $107,000 | May 15, 2020 | sec.gov |
Updated September 1, 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.