Data / Crowdfunding / Texas / Place Technology, Inc.
Place Technology, Inc.: crowdfunding raise on Wefunder Portal LLC, $50,000 to $418,800 (2023)
Place Technology, Inc., a corporation in Austin, TX, filed a Form C with the SEC on October 12, 2023 to raise $50,000 to $418,800 in Convertible Note through Wefunder Portal LLC. The offering closed on April 29, 2024. In its most recent fiscal year it reported $922,481 in revenue and a net loss of $3,416,029, with 36 employees.
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- Website
- www.placetechnology.com
- Funding portal
- Wefunder Portal LLC
- Address
- 3005 S. Lamar Blvd Suite D109 369, Austin, TX 78704
- Legal form
- Corporation
- Jurisdiction
- DE
- Incorporated
- August 2, 2018
- SEC CIK
- 0001790434
Offering terms
From the offering filed October 12, 2023.
- Security
- Convertible Note
- Price
- $1.00
- Target
- $50,000
- Maximum
- $418,800
- Deadline
- April 29, 2024
- Portal compensation
- A maximum of 7.5% of the offering amount upon a successful fundraise.
Financials
From the Form C filed October 12, 2023.
| Most recent fiscal year | Prior fiscal year | Source | |
|---|---|---|---|
| Revenue | $922,481 | $1,055,627 | sec.gov |
| Cost of goods sold | $219,683 | $91,244 | sec.gov |
| Net income | $-3,416,029 | $-2,686,537 | sec.gov |
| Taxes paid | $44,480 | $11,127 | sec.gov |
| Total assets | $1,138,627 | $747,147 | sec.gov |
| Cash | $532,252 | $410,273 | sec.gov |
| Accounts receivable | $335,700 | $140,245 | sec.gov |
| Short-term debt | $599,215 | $411,187 | sec.gov |
| Long-term debt | $3,880,217 | $252,500 | sec.gov |
Filings
| Filed | Filing | Target | Maximum | Deadline | Note | Source |
|---|---|---|---|---|---|---|
| October 12, 2023 | Offering | $50,000 | $418,800 | April 29, 2024 | sec.gov | |
| October 11, 2023 | Annual report | Not listed | Not listed | sec.gov | ||
| July 2, 2021 | Amendment | $50,000 | $1,069,999 | April 30, 2022 | Increased fundraise max from around $600K to $1.07M | sec.gov |
| June 24, 2021 | Offering | $50,000 | $570,911 | April 30, 2022 | sec.gov |
Updated October 12, 2023. 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.