Data / Crowdfunding / New York / PI Cloud Tech, Inc.
PI Cloud Tech, Inc.: crowdfunding raise on CASTLE PLACEMENT, LLC, $25,000 to $5,000,000 (2022)
PI Cloud Tech, Inc., a corporation in Mount Sinai, NY, filed a Form C with the SEC on October 13, 2022 to raise $25,000 to $5,000,000 in Class B Non-Voting Common Stock through CASTLE PLACEMENT, LLC. The offering closed on October 6, 2023. In its most recent fiscal year it reported $0 in revenue and a net loss of $139,764, with 5 employees.
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- Website
- patientinnovations.com
- Funding portal
- CASTLE PLACEMENT, LLC
- Address
- 119 HAMLET DRIVE, Mount Sinai, NY 11766
- Legal form
- Corporation
- Jurisdiction
- NY
- Incorporated
- October 14, 2009
- SEC CIK
- 0001903404
Offering terms
From the amendment filed October 13, 2022.
- Security
- Class B Non-Voting Common Stock
- Price
- $11.71
- Target
- $25,000
- Maximum
- $5,000,000
- Deadline
- October 6, 2023
- Portal compensation
- 7% on all capital raised from Investors; a $20,000 nonrefundable fee; and $250 for an independent third-party U.S. background check for the Company and two key executives.
Financials
From the Form C-U filed October 11, 2023.
| Most recent fiscal year | Prior fiscal year | Source | |
|---|---|---|---|
| Revenue | $0 | $0 | sec.gov |
| Cost of goods sold | $0 | $0 | sec.gov |
| Net income | $-139,764 | $-223,986 | sec.gov |
| Taxes paid | $0 | $0 | sec.gov |
| Total assets | $113,549 | $137,018 | sec.gov |
| Cash | $19,960 | $454 | sec.gov |
| Accounts receivable | $5,048 | $1,729 | sec.gov |
| Short-term debt | $0 | $0 | sec.gov |
| Long-term debt | $25,000 | $0 | sec.gov |
Filings
| Filed | Filing | Target | Maximum | Deadline | Note | Source |
|---|---|---|---|---|---|---|
| April 30, 2024 | Termination of reporting | Not listed | Not listed | sec.gov | ||
| October 11, 2023 | Progress update | $25,000 | $5,000,000 | October 6, 2023 | The Offering closed successfully on October 6, 2023, having received investment commitments of $205,500, although a final accounting has not yet taken place. See the Form C-AR, filed May 8, 2023, for most recent financials (FY 2021 and 2022). | sec.gov |
| May 8, 2023 | Annual report | Not listed | Not listed | sec.gov | ||
| October 13, 2022 | Amendment | $25,000 | $5,000,000 | October 6, 2023 | Clarified short-term debt of the Company under "Annual Report Disclosure Requirements"; no changes made to financial statements. | sec.gov |
| October 12, 2022 | Offering | $25,000 | $5,000,000 | October 6, 2023 | sec.gov |
Updated April 30, 2024. 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.