Data / Crowdfunding / California / OTACA
OTACA: crowdfunding raise on StartEngine Capital, LLC, $15,000 to $4,500,000 (2023)
OTACA, a corporation in Aliso Viejo, CA, filed a Form C with the SEC on November 28, 2023 to raise $15,000 to $4,500,000 in common stock through StartEngine Capital, LLC. The offering closed on December 28, 2023. In its most recent fiscal year it reported $200,583 in revenue and a net loss of $364,943, with 4 employees.
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- Website
- otacatequila.com
- Funding portal
- StartEngine Capital, LLC
- Address
- 36 ARGONAUT SUITE 100 SUITE 100, Aliso Viejo, CA 92656
- Legal form
- Corporation
- Jurisdiction
- CA
- Incorporated
- August 10, 2020
- SEC CIK
- 0001871367
Offering terms
From the amendment filed November 28, 2023.
- Security
- Common Stock
- Price
- $1.00
- Target
- $15,000
- Maximum
- $4,500,000
- Deadline
- December 28, 2023
- Portal compensation
- 7 - 13 percent
Financials
From the Form C-U filed December 29, 2023.
| Most recent fiscal year | Prior fiscal year | Source | |
|---|---|---|---|
| Revenue | $200,583 | $368,804 | sec.gov |
| Cost of goods sold | $98,187 | $176,439 | sec.gov |
| Net income | $-364,943 | $-662,071 | sec.gov |
| Taxes paid | $0 | $0 | sec.gov |
| Total assets | $619,268 | $834,779 | sec.gov |
| Cash | $7,021 | $20,784 | sec.gov |
| Accounts receivable | $15,738 | $47,697 | sec.gov |
| Short-term debt | $163,378 | $99,576 | sec.gov |
| Long-term debt | $500,000 | $535,995 | sec.gov |
Filings
| Filed | Filing | Target | Maximum | Deadline | Note | Source |
|---|---|---|---|---|---|---|
| December 29, 2023 | Progress update | $15,000 | $4,500,000 | December 28, 2023 | At the close of the offering, the issuer closed on $39,451.12 and 43,369 number of securities. | sec.gov |
| November 28, 2023 | Amendment | $15,000 | $4,500,000 | December 28, 2023 | Issuer is added in their Audited financials for 2022/2023 and extended the campaign end date | sec.gov |
| September 25, 2023 | Offering | $15,000 | $4,500,000 | November 28, 2023 | sec.gov | |
| September 14, 2023 | Progress update | $10,001 | $4,273,379 | July 20, 2023 | At the close of the offering, the issuer closed on $121,625 and 69,500 number of securities. | sec.gov |
| October 24, 2022 | Amendment | $10,001 | $4,273,379 | July 20, 2023 | Updating the minimum investment amount to $500.25 and updating perks. | sec.gov |
| September 2, 2022 | Amendment | $10,001 | $4,273,379 | July 20, 2023 | Amending the minimum to reach the minimum target to July 20, 2023. | sec.gov |
| July 28, 2022 | Amendment | $10,001 | $4,273,379 | September 1, 2022 | Amended escrow services & intermediary name. | sec.gov |
| July 25, 2022 | Amendment | $10,001 | $4,273,379 | September 1, 2022 | Amending escrow agent. | sec.gov |
| July 21, 2022 | Amendment | $10,001 | $4,273,379 | September 1, 2022 | Ammending target date to September 1, 2022. | sec.gov |
| July 18, 2022 | Offering | $10,000 | $5,000,000 | August 1, 2022 | sec.gov | |
| April 5, 2022 | Progress update | $10,000 | $1,070,000 | March 31, 2022 | At the close of the offering, the issuer closed on $666,143.5 and 711,097 number of securities. | sec.gov |
| February 25, 2022 | Amendment | $10,000 | $1,070,000 | March 31, 2022 | Issuer is extending their campaign for 30 days. | sec.gov |
| August 31, 2021 | Offering | $10,000 | $1,070,000 | March 1, 2022 | sec.gov |
Updated December 29, 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.