Data / Crowdfunding / California / NovaXS Biotech Corp
NovaXS Biotech Corp: crowdfunding raise on OpenDeal Portal LLC, $25,000 to $1,235,000 (2022)
NovaXS Biotech Corp, a corporation in Trabuco Canyon, CA, filed a Form C with the SEC on December 5, 2022 to raise $25,000 to $1,235,000 in Crowd SAFE (Simple Agreement for Future Equity) through OpenDeal Portal LLC. The offering closed on February 3, 2023. In its most recent fiscal year it reported $0 in revenue and a net loss of $441,043.
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- Website
- www.novaxs.co
- Funding portal
- OpenDeal Portal LLC
- Address
- 8 PANORAMA, Trabuco Canyon, CA 92679
- Legal form
- Corporation
- Jurisdiction
- DE
- Incorporated
- January 11, 2021
- SEC CIK
- 0001946145
Offering terms
From the offering filed December 5, 2022.
- Security
- Crowd SAFE (Simple Agreement for Future Equity)
- Price
- $1.00
- Target
- $25,000
- Maximum
- $1,235,000
- Deadline
- February 3, 2023
- 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-AR filed April 27, 2023.
| Most recent fiscal year | Prior fiscal year | Source | |
|---|---|---|---|
| Revenue | $0 | $0 | sec.gov |
| Cost of goods sold | $0 | $0 | sec.gov |
| Net income | $-441,043 | $-62,494 | sec.gov |
| Taxes paid | $656 | $0 | sec.gov |
| Total assets | $667,324 | $297,216 | sec.gov |
| Cash | $281,065 | $297,216 | sec.gov |
| Accounts receivable | $0 | $0 | sec.gov |
| Short-term debt | $26,880 | $7,872 | sec.gov |
| Long-term debt | $1,043,593 | $290,000 | sec.gov |
Filings
| Filed | Filing | Target | Maximum | Deadline | Note | Source |
|---|---|---|---|---|---|---|
| May 4, 2023 | Termination of reporting | Not listed | Not listed | sec.gov | ||
| April 27, 2023 | Annual report | Not listed | Not listed | sec.gov | ||
| February 15, 2023 | Progress update | $25,000 | $1,235,000 | February 3, 2023 | The Offering closed successfully on 2/4/2023, having received investment commitments of $114,193, although a final accounting has not taken place. | sec.gov |
| December 5, 2022 | Offering | $25,000 | $1,235,000 | February 3, 2023 | sec.gov |
Updated May 4, 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.