Data / Crowdfunding / Florida / PADL Holdings Inc
PADL Holdings Inc: crowdfunding raise on Wefunder Portal LLC, $49,999 to $4,999,997 (2022)
PADL Holdings Inc, a corporation in Key Biscayne, FL, filed a Form C with the SEC on April 21, 2022 to raise $49,999 to $4,999,997 in preferred stock through Wefunder Portal LLC. The offering closed on April 30, 2023. In its most recent fiscal year it reported $256,404 in revenue and a net loss of $370,818, with 7 employees.
SpecStream is the live web data engine for teams and agents. It reads every Form C on SEC EDGAR each morning, and this page is that reading. Ask for your own cut (a portal, a state, a size, a revenue range) and new raises arrive in your sheet, CRM, Slack or agent as they land.
- Website
- www.padl.co
- Funding portal
- Wefunder Portal LLC
- Address
- 951 Crandon Blvd 491346, Key Biscayne, FL 33149
- Legal form
- Corporation
- Jurisdiction
- DE
- Incorporated
- April 27, 2017
- SEC CIK
- 0001831335
Offering terms
From the amendment filed April 21, 2022.
- Security
- Preferred Stock
- Price
- $2.27
- Target
- $49,999
- Maximum
- $4,999,997
- Deadline
- April 30, 2023
- Portal compensation
- 6.5% 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-AR filed April 26, 2023.
| Most recent fiscal year | Prior fiscal year | Source | |
|---|---|---|---|
| Revenue | $256,404 | $110,589 | sec.gov |
| Cost of goods sold | $-88,960 | $38,521 | sec.gov |
| Net income | $-370,818 | $-519,514 | sec.gov |
| Taxes paid | $0 | $195,525 | sec.gov |
| Total assets | $983,270 | $165,037 | sec.gov |
| Cash | $253,555 | $98,084 | sec.gov |
| Accounts receivable | $69,327 | $3,496 | sec.gov |
| Short-term debt | $-62,718 | $46,088 | sec.gov |
| Long-term debt | $-1,617,500 | $1,120,727 | sec.gov |
Filings
| Filed | Filing | Target | Maximum | Deadline | Note | Source |
|---|---|---|---|---|---|---|
| April 26, 2023 | Annual report | Not listed | Not listed | sec.gov | ||
| April 21, 2022 | Amendment | $49,999 | $4,999,997 | April 30, 2023 | Adding 2021 financials and extending campaign. | sec.gov |
| November 30, 2021 | Offering | $49,999 | $4,999,997 | April 30, 2022 | sec.gov | |
| April 30, 2021 | Annual report | Not listed | Not listed | sec.gov | ||
| February 24, 2021 | Progress update | $25,000 | $1,070,000 | February 26, 2021 | The issuer raised approximately $115,200.00 during the offering period. Payments are still being processed; the exact amount has yet to be determined. | sec.gov |
| December 11, 2020 | Offering | $25,000 | $1,070,000 | February 26, 2021 | sec.gov |
Updated April 26, 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.