Data / Crowdfunding / Illinois / PiggyBack Network, Inc
PiggyBack Network, Inc: crowdfunding raise on Wefunder Portal LLC, $50,000 to $1,235,000 (2024)
PiggyBack Network, Inc, a corporation in Chicago, IL, filed a Form C with the SEC on April 26, 2024 to raise $50,000 to $1,235,000 in Simple Agreement for Future Equity (SAFE) through Wefunder Portal LLC. The offering closed on April 30, 2025. In its most recent fiscal year it reported $157 in revenue and a net loss of $131,553, with 2 employees.
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- Website
- www.piggybacknetwork.com
- Funding portal
- Wefunder Portal LLC
- Address
- 10357 S Leavitt St, Chicago, IL 60643
- Legal form
- Corporation
- Jurisdiction
- DE
- Incorporated
- October 6, 2020
- SEC CIK
- 0001886475
Offering terms
From the amendment filed April 26, 2024.
- Security
- Simple Agreement for Future Equity (SAFE)
- Price
- $1.00
- Target
- $50,000
- Maximum
- $1,235,000
- Deadline
- April 30, 2025
- Portal compensation
- 6.5% 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/A filed April 26, 2024.
| Most recent fiscal year | Prior fiscal year | Source | |
|---|---|---|---|
| Revenue | $157 | $126 | sec.gov |
| Cost of goods sold | $0 | $0 | sec.gov |
| Net income | $-131,553 | $-289,651 | sec.gov |
| Taxes paid | $550 | $0 | sec.gov |
| Total assets | $46,141 | $25,291 | sec.gov |
| Cash | $42,012 | $21,474 | sec.gov |
| Accounts receivable | $0 | $0 | sec.gov |
| Short-term debt | $17,726 | $-3,113 | sec.gov |
| Long-term debt | $0 | $0 | sec.gov |
Filings
| Filed | Filing | Target | Maximum | Deadline | Note | Source |
|---|---|---|---|---|---|---|
| April 26, 2024 | Amendment | $50,000 | $1,235,000 | April 30, 2025 | Adding 2023 financials to extend raise | sec.gov |
| September 7, 2023 | Offering | $50,000 | $124,000 | April 29, 2024 | sec.gov | |
| April 28, 2023 | Annual report | Not listed | Not listed | sec.gov | ||
| June 16, 2022 | Amendment | $100,000 | Not listed | June 17, 2022 | Issuer filed new formation documents, went from LLC to Corporation. | sec.gov |
| March 29, 2022 | Offering | $10,000 | $250,000 | June 17, 2022 | sec.gov | |
| January 18, 2022 | Amendment | $100,000 | Not listed | June 17, 2022 | Updated to no oversubscription and campaign deadline extension to 6/17/2022. | sec.gov |
| November 2, 2021 | Amendment | $100,000 | Not listed | February 14, 2022 | Updating to include 100K Target, with Feb 14 end date, no oversubscription, and 7M Valuation Cap | sec.gov |
| October 14, 2021 | Amendment | $10,000 | $250,000 | January 4, 2022 | Changing name to include LLC and corrected max amount of raise to 250k. Changes are not significant as there are no investors/the offering has yet to be shared by anybody. | sec.gov |
| October 13, 2021 | Amendment | $10,000 | $250,000 | January 4, 2022 | Entity name was incorrectly listed as Donald Scott, when it's Piggyback Network LLC | sec.gov |
| October 6, 2021 | Offering | $10,000 | $250,000 | January 4, 2022 | sec.gov |
Updated April 26, 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.