Data / Crowdfunding / Washington / Nav.it, Inc.
Nav.it, Inc.: crowdfunding raise on OpenDeal Portal LLC, $25,000 to $1,000,000 (2022)
Nav.it, Inc., a corporation in Seattle, WA, filed a Form C with the SEC on June 1, 2022 to raise $25,000 to $1,000,000 in Crowd SAFE (Simple Agreement for Future Equity) through OpenDeal Portal LLC. The offering closed on August 19, 2022. In its most recent fiscal year it reported $3,329 in revenue and a net loss of $867,727, with 6 employees.
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- Website
- navitmoney.com
- Funding portal
- OpenDeal Portal LLC
- Address
- 3131 WESTERN AVE, M530, Seattle, WA 98121
- Legal form
- Corporation
- Jurisdiction
- WA
- Incorporated
- January 1, 2021
- SEC CIK
- 0001844988
Offering terms
From the offering filed June 1, 2022.
- Security
- Crowd SAFE (Simple Agreement for Future Equity)
- Price
- $1.00
- Target
- $25,000
- Maximum
- $1,000,000
- Deadline
- August 19, 2022
- Portal compensation
- At the conclusion of the offering, the issuer shall pay a fee of six percent (6%) of the amount raised in the offering to the Intermediary.
Financials
From the Form C-U filed August 22, 2022.
| Most recent fiscal year | Prior fiscal year | Source | |
|---|---|---|---|
| Revenue | $3,329 | $58 | sec.gov |
| Cost of goods sold | $0 | $0 | sec.gov |
| Net income | $-867,727 | $-912,326 | sec.gov |
| Taxes paid | $0 | $0 | sec.gov |
| Total assets | $270,060 | $69,032 | sec.gov |
| Cash | $266,860 | $75,289 | sec.gov |
| Accounts receivable | $250 | $0 | sec.gov |
| Short-term debt | $56,489 | $55,178 | sec.gov |
| Long-term debt | $50,000 | $0 | sec.gov |
Filings
| Filed | Filing | Target | Maximum | Deadline | Note | Source |
|---|---|---|---|---|---|---|
| August 22, 2022 | Progress update | $25,000 | $1,000,000 | August 19, 2022 | The Offering closed successfully on 8/20/2022, having received investment commitments of $65,750, although a final accounting has not taken place. | sec.gov |
| June 1, 2022 | Offering | $25,000 | $1,000,000 | August 19, 2022 | sec.gov |
Updated August 22, 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.