Data / Crowdfunding / California / Passu, Inc.
Passu, Inc.: crowdfunding raise on OpenDeal Portal LLC, $25,000 to $1,070,000 (2021)
Passu, Inc., a corporation in Los Angeles, CA, filed a Form C with the SEC on June 28, 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 November 30, 2021. In its most recent fiscal year it reported $2,190,282 in revenue and a net loss of $789,494, with 7 employees.
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- Website
- www.dims.world
- Funding portal
- OpenDeal Portal LLC
- Address
- 1370 NORTH SAINT ANDREWS PLACE, Los Angeles, CA 90028
- Legal form
- Corporation
- Jurisdiction
- DE
- Incorporated
- March 23, 2017
- SEC CIK
- 0001865457
Offering terms
From the amendment filed June 28, 2021.
- Security
- Crowd SAFE (Simple Agreement for Future Equity)
- Price
- $1.00
- Target
- $25,000
- Maximum
- $1,070,000
- Deadline
- November 30, 2021
- 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 August 23, 2021.
| Most recent fiscal year | Prior fiscal year | Source | |
|---|---|---|---|
| Revenue | $2,190,282 | $141,221 | sec.gov |
| Cost of goods sold | $1,271,817 | $149,602 | sec.gov |
| Net income | $-789,494 | $-434,416 | sec.gov |
| Taxes paid | $0 | $0 | sec.gov |
| Total assets | $557,605 | $218,526 | sec.gov |
| Cash | $158,727 | $60,443 | sec.gov |
| Accounts receivable | $2,067 | $1,082 | sec.gov |
| Short-term debt | $628,121 | $372,461 | sec.gov |
| Long-term debt | $850,665 | $65,000 | sec.gov |
Filings
| Filed | Filing | Target | Maximum | Deadline | Note | Source |
|---|---|---|---|---|---|---|
| August 23, 2021 | Progress update | $25,000 | $1,070,000 | November 30, 2021 | The Offering closed successfully on 8/21/2021, having received investment commitments of $626,132.77, although a final accounting has not taken place. | sec.gov |
| June 28, 2021 | Amendment | $25,000 | $1,070,000 | November 30, 2021 | Updated to fix scrivener's error in definition of "Valuation cap" | sec.gov |
| June 21, 2021 | Offering | $25,000 | $1,070,000 | November 30, 2021 | sec.gov |
Updated August 23, 2021. 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.