Data / Crowdfunding / Illinois / Poppilu Inc.
Poppilu Inc.: crowdfunding raise on OpenDeal Portal LLC, $25,000 to $1,070,000 (2021)
Poppilu Inc., a corporation in Chicago, IL, filed a Form C with the SEC on December 23, 2021 to raise $25,000 to $1,070,000 in Crowd SAFE (Simple Agreement for Future Equity) through OpenDeal Portal LLC. The offering closed on December 31, 2021. In its most recent fiscal year it reported $454,579 in revenue and a net loss of $336,639, with 1 employees.
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- Website
- www.poppilu.com
- Funding portal
- OpenDeal Portal LLC
- Address
- 1100 NORTH LAKE SHORE DRIVE 21B, Chicago, IL 60611
- Legal form
- Corporation
- Jurisdiction
- IL
- Incorporated
- May 7, 2018
- SEC CIK
- 0001852227
Offering terms
From the amendment filed December 23, 2021.
- Security
- Crowd SAFE (Simple Agreement for Future Equity)
- Price
- $1.00
- Target
- $25,000
- Maximum
- $1,070,000
- Deadline
- December 31, 2021
- Portal compensation
- At the conclusion of the offering, the issuer shall pay a fee of six percent (6%) of the amount raised in the offering to the Intermediary.
Financials
From the Form C-AR filed April 29, 2022.
| Most recent fiscal year | Prior fiscal year | Source | |
|---|---|---|---|
| Revenue | $454,579 | $390,853 | sec.gov |
| Cost of goods sold | $418,266 | $479,796 | sec.gov |
| Net income | $-336,639 | $-367,715 | sec.gov |
| Taxes paid | $0 | $0 | sec.gov |
| Total assets | $260,268 | $451,526 | sec.gov |
| Cash | $97,936 | $167,147 | sec.gov |
| Accounts receivable | $46,508 | $19,194 | sec.gov |
| Short-term debt | $1,507,720 | $42,687 | sec.gov |
| Long-term debt | $10,373 | $1,280,076 | sec.gov |
Filings
| Filed | Filing | Target | Maximum | Deadline | Note | Source |
|---|---|---|---|---|---|---|
| May 9, 2022 | Termination of reporting | Not listed | Not listed | sec.gov | ||
| April 29, 2022 | Annual report | Not listed | Not listed | sec.gov | ||
| January 5, 2022 | Progress update | $25,000 | $1,070,000 | December 31, 2021 | The Offering closed successfully on January 1, 2022, having received investment commitments of $206,579 although a final accounting has not taken place. | sec.gov |
| December 23, 2021 | Amendment | $25,000 | $1,070,000 | December 31, 2021 | Issuer is amending the Form C to add a new video to its offering page on the Intermediary's website and include the most-recent version of such page at Exhibit B to this Form C/A and replace Exhibit D with the transcript for such video. | sec.gov |
| September 1, 2021 | Offering | $25,000 | $1,070,000 | December 31, 2021 | sec.gov |
Updated May 9, 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.