Data / Crowdfunding / California / Petri Bio Inc.
Petri Bio Inc.: crowdfunding raise on Wefunder Portal LLC, $50,000 to $1,070,000 (2020)
Petri Bio Inc., a corporation in Torrance, CA, filed a Form C with the SEC on November 10, 2020 to raise $50,000 to $1,070,000 in Simple Agreement for Future Equity (SAFE) through Wefunder Portal LLC. The offering closed on November 20, 2020. In its most recent fiscal year it reported $0 in revenue and a net loss of $49,259, with 2 employees.
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- Website
- petribio.com
- Funding portal
- Wefunder Portal LLC
- Address
- 370 Amapola Ave suite 100, Torrance, CA 90501
- Legal form
- Corporation
- Jurisdiction
- DE
- Incorporated
- August 28, 2020
- SEC CIK
- 0001818809
Offering terms
From the amendment filed November 10, 2020.
- Security
- Simple Agreement for Future Equity (SAFE)
- Price
- $1.00
- Target
- $50,000
- Maximum
- $1,070,000
- Deadline
- November 20, 2020
- 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 August 17, 2021.
| Most recent fiscal year | Prior fiscal year | Source | |
|---|---|---|---|
| Revenue | $0 | $0 | sec.gov |
| Cost of goods sold | $0 | $0 | sec.gov |
| Net income | $-49,259 | $0 | sec.gov |
| Taxes paid | $0 | $0 | sec.gov |
| Total assets | $87,860 | $0 | sec.gov |
| Cash | $87,860 | $0 | sec.gov |
| Accounts receivable | $0 | $0 | sec.gov |
| Short-term debt | $2,532 | $0 | sec.gov |
| Long-term debt | $134,087 | $0 | sec.gov |
Filings
| Filed | Filing | Target | Maximum | Deadline | Note | Source |
|---|---|---|---|---|---|---|
| August 17, 2021 | Annual report | Not listed | Not listed | sec.gov | ||
| November 10, 2020 | Amendment | $50,000 | $1,070,000 | November 20, 2020 | Adding CPA-reviewed financials. | sec.gov |
| September 15, 2020 | Amendment | $50,000 | $1,070,000 | November 20, 2020 | Converted to a c-corp. | sec.gov |
| July 27, 2020 | Offering | $50,000 | $1,070,000 | November 20, 2020 | sec.gov |
Updated August 17, 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.