Data / Crowdfunding / California / Palmia Corporation
Palmia Corporation: crowdfunding raise on Wefunder Portal LLC, $100,000 to $1,070,000 (2019)
Palmia Corporation, a corporation in San Francisco, CA, filed a Form C with the SEC on February 8, 2019 to raise $100,000 to $1,070,000 in Simple Agreement for Future Equity (SAFE) through Wefunder Portal LLC. The offering closed on February 8, 2019. In its most recent fiscal year it reported $60,379 in revenue and a net loss of $97,051, with 2 employees.
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- Website
- www.palmiabeer.com
- Funding portal
- Wefunder Portal LLC
- Address
- 3749 Divisadero Street, San Francisco, CA 94123
- Legal form
- Corporation
- Jurisdiction
- CA
- Incorporated
- June 14, 2012
- SEC CIK
- 0001674199
Offering terms
From the amendment filed February 8, 2019.
- Security
- Simple Agreement for Future Equity (SAFE)
- Price
- $1.00
- Target
- $100,000
- Maximum
- $1,070,000
- Deadline
- February 8, 2019
- Portal compensation
- 4.0% 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 November 17, 2020.
| Most recent fiscal year | Prior fiscal year | Source | |
|---|---|---|---|
| Revenue | $60,379 | $10,131 | sec.gov |
| Cost of goods sold | $11,726 | $0 | sec.gov |
| Net income | $-97,051 | $-33,093 | sec.gov |
| Taxes paid | $-867 | $-800 | sec.gov |
| Total assets | $354,136 | $155,167 | sec.gov |
| Cash | $195,000 | $41,016 | sec.gov |
| Accounts receivable | $13,525 | $4,563 | sec.gov |
| Short-term debt | $22 | $0 | sec.gov |
| Long-term debt | $142,251 | $140,438 | sec.gov |
Filings
| Filed | Filing | Target | Maximum | Deadline | Note | Source |
|---|---|---|---|---|---|---|
| November 17, 2020 | Annual report | Not listed | Not listed | sec.gov | ||
| February 8, 2019 | Amendment | $100,000 | $1,070,000 | February 8, 2019 | Update deadline date | sec.gov |
| August 17, 2018 | Offering | $100,000 | $1,070,000 | December 14, 2018 | sec.gov | |
| April 30, 2018 | Annual report | Not listed | Not listed | sec.gov | ||
| April 10, 2018 | Progress update | Not listed | Not listed | Final Form C-U to disclose the total amount of securities sold in the offering, which was $204,565. | sec.gov | |
| July 28, 2017 | Progress update | Not listed | Not listed | Palmia's campaign ended on 07/20/2017. The deadline date of the XML cover page is set to today to work around an EDGAR limitation. $202,519.00 in investments. Payments are still being processed; final number is yet to be determined. | sec.gov | |
| July 28, 2017 | Amendment | $100,000 | $1,000,000 | July 28, 2017 | Palmia's campaign ended on 07/20/2017. The deadline date of the XML cover page is set to today to work around an EDGAR limitation. $202,519.00 in investments. Payments are still being processed; final number is yet to be determined. | sec.gov |
| April 11, 2017 | Offering | $100,000 | $1,000,000 | August 7, 2017 | sec.gov |
Updated November 17, 2020. 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.