Data / Crowdfunding / Colorado / PetroFunders Inc.
PetroFunders Inc.: crowdfunding raise on NetCapital Funding Portal Inc., $10,000 to $1,067,191 (2021)
PetroFunders Inc., a corporation in Lakewood, CO, filed a Form C with the SEC on January 13, 2021 to raise $10,000 to $1,067,191 in preferred stock through NetCapital Funding Portal Inc.. The offering closed on February 26, 2021. In its most recent fiscal year it reported $0 in revenue and a net loss of $44,258.
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- Website
- www.petrofunders.com
- Funding portal
- NetCapital Funding Portal Inc.
- Address
- 2255 S. WADSWORTH BLVD SUITE 106, Lakewood, CO 80227
- Legal form
- Corporation
- Jurisdiction
- CO
- Incorporated
- September 5, 2019
- SEC CIK
- 0001834235
Offering terms
From the amendment filed January 13, 2021.
- Security
- Preferred Stock
- Price
- $1.14
- Target
- $10,000
- Maximum
- $1,067,191
- Deadline
- February 26, 2021
- Portal compensation
- Up to 4.9% of amount raised for a successful offering and a listing fee of up to $5,000
Financials
From the Form C-AR filed April 28, 2021.
| Most recent fiscal year | Prior fiscal year | Source | |
|---|---|---|---|
| Revenue | $0 | $0 | sec.gov |
| Cost of goods sold | $0 | $0 | sec.gov |
| Net income | $-44,258 | $-1,493 | sec.gov |
| Taxes paid | $0 | $0 | sec.gov |
| Total assets | $33,138 | $0 | sec.gov |
| Cash | $635 | $0 | sec.gov |
| Accounts receivable | $0 | $0 | sec.gov |
| Short-term debt | $0 | $0 | sec.gov |
| Long-term debt | $0 | $0 | sec.gov |
Filings
| Filed | Filing | Target | Maximum | Deadline | Note | Source |
|---|---|---|---|---|---|---|
| July 18, 2022 | Termination of reporting | Not listed | Not listed | sec.gov | ||
| April 28, 2021 | Annual report | Not listed | Not listed | sec.gov | ||
| April 19, 2021 | Progress update | $10,000 | $1,067,191 | February 26, 2021 | End of offering. Issuer closed its offering with estimated gross proceeds of $878,140. The foregoing is in regard only to the amount raised under the Section 4(a)(6) exemption. | sec.gov |
| March 10, 2021 | Progress update | $10,000 | $1,067,191 | February 26, 2021 | End of offering. Issuer closed its offering with estimated gross proceeds of $898,399. The foregoing is in regard only to the amount raised under the Section 4(a)(6) exemption. | sec.gov |
| January 13, 2021 | Amendment | $10,000 | $1,067,191 | February 26, 2021 | issuer extended the offering date. | sec.gov |
| January 4, 2021 | Amendment | $10,000 | $1,067,191 | January 18, 2021 | issuer extended the offering date. | sec.gov |
| December 8, 2020 | Amendment | $10,000 | $1,067,191 | January 11, 2021 | issuer updated the clear rating report as well as the pitch deck document. | sec.gov |
| December 2, 2020 | Offering | $10,000 | $1,067,191 | January 11, 2021 | sec.gov |
Updated July 18, 2022. 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.