Data / Crowdfunding / California / Overland Bound Inc
Overland Bound Inc: crowdfunding raise on OpenDeal Portal LLC, $25,000 to $1,070,000 (2021)
Overland Bound Inc, a corporation in Livermore, CA, filed a Form C with the SEC on October 14, 2021 to raise $25,000 to $1,070,000 in Crowd SAFE (Simple Agreement for Future Equity) through OpenDeal Portal LLC. The offering closed on April 15, 2022. In its most recent fiscal year it reported $856,265 in revenue and a net loss of $100,791, with 2 employees.
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- Website
- www.overlandbound.com
- Funding portal
- OpenDeal Portal LLC
- Address
- 482 LINDBERGH AVE, Livermore, CA 94551
- Legal form
- Corporation
- Jurisdiction
- DE
- Incorporated
- August 23, 2018
- SEC CIK
- 0001850285
Offering terms
From the offering filed October 14, 2021.
- Security
- Crowd SAFE (Simple Agreement for Future Equity)
- Price
- $1.00
- Target
- $25,000
- Maximum
- $1,070,000
- Deadline
- April 15, 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 April 20, 2022.
| Most recent fiscal year | Prior fiscal year | Source | |
|---|---|---|---|
| Revenue | $856,265 | $491,991 | sec.gov |
| Cost of goods sold | $420,503 | $246,656 | sec.gov |
| Net income | $-100,791 | $-172,447 | sec.gov |
| Taxes paid | $0 | $0 | sec.gov |
| Total assets | $1,030,895 | $16,582 | sec.gov |
| Cash | $25,566 | $15,748 | sec.gov |
| Accounts receivable | $1,052 | $0 | sec.gov |
| Short-term debt | $104,300 | $87,433 | sec.gov |
| Long-term debt | $0 | $0 | sec.gov |
Filings
| Filed | Filing | Target | Maximum | Deadline | Note | Source |
|---|---|---|---|---|---|---|
| April 20, 2022 | Progress update | $25,000 | $1,070,000 | April 15, 2022 | The Offering closed successfully on 4/19/2022 having received investment commitments of $712,872.00, although a final accounting has not taken place. | sec.gov |
| October 14, 2021 | Offering | $25,000 | $1,070,000 | April 15, 2022 | sec.gov |
Updated April 20, 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.