Data / Crowdfunding / Michigan / Orb Aerospace, Inc.
Orb Aerospace, Inc.: crowdfunding raise on MicroVenture Marketplace Inc., $50,000 to $250,000 (2020)
Orb Aerospace, Inc., a corporation in Lowell, MI, filed a Form C with the SEC on December 7, 2020 to raise $50,000 to $250,000 in Crowd Note through MicroVenture Marketplace Inc.. The offering closed on December 7, 2020. In its most recent fiscal year it reported $772,326 in revenue and a net loss of $1,187,805, with 12 employees.
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- Website
- www.orb.aero
- Funding portal
- MicroVenture Marketplace Inc.
- Address
- 730 LINCOLN LAKE AVE. SE BLDG. 3, Lowell, MI 49331
- Legal form
- Corporation
- Jurisdiction
- DE
- Incorporated
- December 4, 2017
- SEC CIK
- 0001816293
Offering terms
From the amendment filed December 7, 2020.
- Security
- Crowd Note
- Price
- $1.00
- Target
- $50,000
- Maximum
- $250,000
- Deadline
- December 7, 2020
- Portal compensation
- The issuer shall pay to the intermediary a fee consisting of five percent (5%) commission based on the amount raised in the Offering and paid upon disbursement of funds from escrow after the conclusion of the Offering.
Financials
From the Form C-AR filed May 31, 2023.
| Most recent fiscal year | Prior fiscal year | Source | |
|---|---|---|---|
| Revenue | $772,326 | $163,500 | sec.gov |
| Cost of goods sold | $0 | $0 | sec.gov |
| Net income | $-1,187,805 | $-633,914 | sec.gov |
| Taxes paid | $0 | $0 | sec.gov |
| Total assets | $818,200 | $288,130 | sec.gov |
| Cash | $419,351 | $101,029 | sec.gov |
| Accounts receivable | $0 | $0 | sec.gov |
| Short-term debt | $58,005 | $114,073 | sec.gov |
| Long-term debt | $2,877,290 | $1,103,347 | sec.gov |
Filings
| Filed | Filing | Target | Maximum | Deadline | Note | Source |
|---|---|---|---|---|---|---|
| May 31, 2023 | Annual report | Not listed | Not listed | sec.gov | ||
| May 2, 2022 | Annual report | Not listed | Not listed | sec.gov | ||
| May 10, 2021 | Annual report, amended | Not listed | Not listed | sec.gov | ||
| May 4, 2021 | Annual report | Not listed | Not listed | sec.gov | ||
| January 7, 2021 | Progress update | $50,000 | $250,000 | December 7, 2020 | $142,620 IN INVESTMENTS. PAYMENTS STILL PROCESSING; FINAL FIGURE NOT YET DETERMINED. | sec.gov |
| December 7, 2020 | Amendment | $50,000 | $250,000 | December 7, 2020 | Adding second webinar transcript as an exhibit. | sec.gov |
| November 20, 2020 | Amendment | $50,000 | $250,000 | December 7, 2020 | Updating user traction, the Company's product descriptions, and competition included in the Company Summary, including a Video Script, and including a Webinar Transcript. | sec.gov |
| September 8, 2020 | Amendment | $50,000 | $250,000 | December 7, 2020 | Adding to include the Company's financial statements for full-year 2019 and 2018, to provide information concerning the Company's ability to conduct multiple closes, and to extend the offering deadline. | sec.gov |
| August 3, 2020 | Offering | $50,000 | $250,000 | November 2, 2020 | sec.gov |
Also on SpecStream
Updated May 31, 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.