Data / Crowdfunding / California / OLLO Group Inc
OLLO Group Inc: crowdfunding raise on Wefunder Portal LLC, $50,002 to $499,997 (2023)
OLLO Group Inc, a corporation in Torrance, CA, filed a Form C with the SEC on May 15, 2023 to raise $50,002 to $499,997 in preferred stock through Wefunder Portal LLC. The offering closed on April 29, 2024. In its most recent fiscal year it reported $168,581 in revenue and $58,625 in net income, with 1 employees.
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- Website
- ollopk.com
- Funding portal
- Wefunder Portal LLC
- Address
- 1321 Engracia Avenue, Torrance, CA 90501
- Legal form
- Corporation
- Jurisdiction
- DE
- Incorporated
- June 6, 2020
- SEC CIK
- 0001828347
Offering terms
From the offering filed May 15, 2023.
- Security
- Preferred Stock
- Price
- $4.93
- Target
- $50,002
- Maximum
- $499,997
- Deadline
- April 29, 2024
- 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 filed May 15, 2023.
| Most recent fiscal year | Prior fiscal year | Source | |
|---|---|---|---|
| Revenue | $168,581 | $48,325 | sec.gov |
| Cost of goods sold | $44,644 | $17,793 | sec.gov |
| Net income | $58,625 | $-82,103 | sec.gov |
| Taxes paid | $0 | $0 | sec.gov |
| Total assets | $114,497 | $77,789 | sec.gov |
| Cash | $9,371 | $559 | sec.gov |
| Accounts receivable | $0 | $0 | sec.gov |
| Short-term debt | $29,708 | $61,207 | sec.gov |
| Long-term debt | $14,406 | $10,352 | sec.gov |
Filings
| Filed | Filing | Target | Maximum | Deadline | Note | Source |
|---|---|---|---|---|---|---|
| May 15, 2023 | Offering | $50,002 | $499,997 | April 29, 2024 | sec.gov | |
| May 1, 2023 | Annual report | Not listed | Not listed | sec.gov | ||
| December 17, 2021 | Annual report, amended | Not listed | Not listed | sec.gov | ||
| September 3, 2021 | Progress update | $10,000 | $1,070,000 | August 31, 2021 | At the close of the offering, the issuer closed on $131,915 and 28,564 number of securities. | sec.gov |
| May 27, 2021 | Amendment | $10,000 | $1,070,000 | August 31, 2021 | Issuer extended their campaign duration. | sec.gov |
| April 29, 2021 | Annual report | Not listed | Not listed | sec.gov | ||
| April 19, 2021 | Amendment | $10,000 | $1,070,000 | May 31, 2021 | Issuer provided updated financials and extended their campaign duration. | sec.gov |
| November 25, 2020 | Offering | $10,000 | $1,070,000 | April 30, 2021 | sec.gov |
Updated May 15, 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.