Data / Crowdfunding / New York / popshop, Inc.
popshop, Inc.: crowdfunding raise on OpenDeal Portal LLC, $25,000 to $1,070,000 (2020)
popshop, Inc., a corporation in New York, NY, filed a Form C with the SEC on November 18, 2020 to raise $25,000 to $1,070,000 in Crowd Safe Units of SAFE (Simple Agreement for Future Equity) through OpenDeal Portal LLC. The offering closed on April 30, 2021. In its most recent fiscal year it reported $393,275 in revenue and a net loss of $467,310, with 4 employees.
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- Website
- www.popshop.com
- Funding portal
- OpenDeal Portal LLC
- Address
- 161 LAFAYETTE STREET 5TH FLOOR, New York, NY 10013
- Legal form
- Corporation
- Jurisdiction
- DE
- Incorporated
- March 28, 2018
- SEC CIK
- 0001811508
Offering terms
From the amendment filed November 18, 2020.
- Security
- Crowd Safe Units of SAFE (Simple Agreement for Future Equity)
- Price
- $1.00
- Target
- $25,000
- Maximum
- $1,070,000
- Deadline
- April 30, 2021
- Portal compensation
- The issuer shall pay to the Intermediary at the conclusion of the Offering a fee of six percent (6%) of the amount raised in the offering.
Financials
From the Form C-U filed May 3, 2021.
| Most recent fiscal year | Prior fiscal year | Source | |
|---|---|---|---|
| Revenue | $393,275 | $28,757 | sec.gov |
| Cost of goods sold | $0 | $0 | sec.gov |
| Net income | $-467,310 | $-229,527 | sec.gov |
| Taxes paid | $0 | $0 | sec.gov |
| Total assets | $233,512 | $296,859 | sec.gov |
| Cash | $0 | $4,361 | sec.gov |
| Accounts receivable | $0 | $0 | sec.gov |
| Short-term debt | $2,072 | $0 | sec.gov |
| Long-term debt | $0 | $0 | sec.gov |
Filings
| Filed | Filing | Target | Maximum | Deadline | Note | Source |
|---|---|---|---|---|---|---|
| May 3, 2021 | Progress update | $25,000 | $1,070,000 | April 30, 2021 | The Offering was successful as of its deadline, April 30, 2021, having received investment commitments of $189,712 although a final accounting has not taken place. | sec.gov |
| November 18, 2020 | Amendment | $25,000 | $1,070,000 | April 30, 2021 | Company is extending its campaign until April 30, 2021 and disclosing an intermediate closing of the offering. | sec.gov |
| September 4, 2020 | Offering | $25,000 | $1,070,000 | December 11, 2020 | sec.gov |
Updated May 3, 2021. 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.