Data / Crowdfunding / Illinois / Pearachute Inc.
Pearachute Inc.: crowdfunding raise on OpenDeal Inc., $25,000 to $287,000 (2017)
Pearachute Inc., a corporation in Chicago, IL, filed a Form C with the SEC on October 30, 2017 to raise $25,000 to $287,000 in SAFEs (Simple Agreements for Future Equity) through OpenDeal Inc.. The offering closed on December 31, 2017. In its most recent fiscal year it reported $1,667,034 in revenue and a net loss of $1,095,750, with 7 employees.
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- Website
- www.pearachutekids.com
- Funding portal
- OpenDeal Inc.
- Address
- 3654 N. Damen #2, Chicago, IL 60618
- Legal form
- Corporation
- Jurisdiction
- DE
- Incorporated
- November 23, 2015
- SEC CIK
- 0001664957
Offering terms
From the amendment filed October 30, 2017.
- Security
- SAFEs (Simple Agreements for Future Equity)
- Price
- $1.00
- Target
- $25,000
- Maximum
- $287,000
- Deadline
- December 31, 2017
- Portal compensation
- 5.0% of the amount raised in the Offering
Financials
From the Form C-AR filed April 29, 2020.
| Most recent fiscal year | Prior fiscal year | Source | |
|---|---|---|---|
| Revenue | $1,667,034 | $1,658,733 | sec.gov |
| Cost of goods sold | $1,008,558 | $1,125,944 | sec.gov |
| Net income | $-1,095,750 | $-747,508 | sec.gov |
| Taxes paid | $0 | $0 | sec.gov |
| Total assets | $253,050 | $289,216 | sec.gov |
| Cash | $39,053 | $48,296 | sec.gov |
| Accounts receivable | $48,203 | $71,598 | sec.gov |
| Short-term debt | $782,255 | $611,950 | sec.gov |
| Long-term debt | $275,000 | $190,000 | sec.gov |
Filings
| Filed | Filing | Target | Maximum | Deadline | Note | Source |
|---|---|---|---|---|---|---|
| April 29, 2020 | Annual report | Not listed | Not listed | sec.gov | ||
| April 30, 2019 | Annual report | Not listed | Not listed | sec.gov | ||
| May 1, 2018 | Annual report | Not listed | Not listed | sec.gov | ||
| January 5, 2018 | Progress update | $25,000 | $287,000 | December 31, 2017 | The Issuer raised approximately $72,355 during the offering period. Payments are still being processed. The exact amount is yet to be determined. | sec.gov |
| October 30, 2017 | Amendment | $25,000 | $287,000 | December 31, 2017 | The Form C filed on October 27, 2017 is hereby amended to update to the Offering Page. | sec.gov |
| October 30, 2017 | Offering | $25,000 | $287,000 | December 31, 2017 | sec.gov | |
| April 3, 2017 | Progress update | $50,000 | $250,000 | March 31, 2017 | The Issuer raised approximately $250,000 during the offering period. Payments are still being processed; final number is yet to be determined. | sec.gov |
| March 31, 2017 | Amendment | $50,000 | $250,000 | March 31, 2017 | In connection with the increase in maximum offering amount provided in the Issuer's previous Form C/A filing, the Issuer is filing an updated Form C and financial statements reviewed by a public accountant. | sec.gov |
| March 3, 2017 | Amendment | $50,000 | $250,000 | March 31, 2017 | The Issuer is increasing its maximum offering amount from $100,000 to $250,000. Financial statements reviewed by a public accountant are being prepared and will be filed, along with an updated Form C, promptly once they are completed. | sec.gov |
| January 31, 2017 | Offering | $50,000 | $100,000 | March 31, 2017 | sec.gov |
Updated April 29, 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.