Data / Crowdfunding / California / Pipeline Sports Network, Inc.
Pipeline Sports Network, Inc.: crowdfunding raise on StartEngine Capital LLC, $200,000 to $1,000,000 (2016)
Pipeline Sports Network, Inc., a corporation in Irvine, CA, filed a Form C with the SEC on June 13, 2016 to raise $200,000 to $1,000,000 in common stock through StartEngine Capital LLC. The offering closed on November 15, 2016. In its most recent fiscal year it reported $0 in revenue and a net loss of $16,665, with 3 employees.
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- Website
- www.pipelinevr.com
- Funding portal
- StartEngine Capital LLC
- Address
- 5141 CALIFORNIA AVE SUITE 200, Irvine, CA 92697
- Legal form
- Corporation
- Jurisdiction
- DE
- Incorporated
- August 7, 2013
- SEC CIK
- 0001674617
Offering terms
From the amendment filed June 13, 2016.
- Security
- Common Stock
- Price
- $0.40
- Target
- $200,000
- Maximum
- $1,000,000
- Deadline
- November 15, 2016
- Portal compensation
- As compensation for the services provided hereunder by StartEngine Capital, Issuer shall pay to StartEngine Capital at the conclusion of the offering a fee consisting of a 5% (five percent) commission based on the amount of investments raised in the Offer
Financials
From the Form C/A filed June 13, 2016.
| Most recent fiscal year | Prior fiscal year | Source | |
|---|---|---|---|
| Revenue | $0 | $0 | sec.gov |
| Cost of goods sold | $0 | $0 | sec.gov |
| Net income | $-16,665 | $-184,565 | sec.gov |
| Taxes paid | $350 | $400 | sec.gov |
| Total assets | $2,411 | $4,178 | sec.gov |
| Cash | $56 | $56 | sec.gov |
| Accounts receivable | $0 | $0 | sec.gov |
| Short-term debt | $281,029 | $131,131 | sec.gov |
| Long-term debt | $0 | $135,000 | sec.gov |
Filings
| Filed | Filing | Target | Maximum | Deadline | Note | Source |
|---|---|---|---|---|---|---|
| June 13, 2016 | Amendment | $200,000 | $1,000,000 | November 15, 2016 | This amendment modifies the closing date from 8/15/16 to 11/15/16 and reduces the minimum funding goal from $300,000 to $200,000. This offering has not yet been made live on StartEngine. | sec.gov |
| June 2, 2016 | Offering | $300,000 | $1,000,000 | August 15, 2016 | sec.gov |
Updated June 13, 2016. 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.