Data / Crowdfunding / Massachusetts / Power2Peer, Inc.
Power2Peer, Inc.: crowdfunding raise on StartEngine Capital, LLC, $10,000 to $100,000 (2019)
Power2Peer, Inc., a corporation in Boston, MA, filed a Form C with the SEC on February 1, 2019 to raise $10,000 to $100,000 in common stock through StartEngine Capital, LLC. The offering closed on March 8, 2019. In its most recent fiscal year it reported $52 in revenue and a net loss of $12,802, with 7 employees.
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- Website
- power2peer.com
- Funding portal
- StartEngine Capital, LLC
- Address
- 100 MORRISSEY BOULEVARD VDC SUITE 166, Boston, MA 02125
- Legal form
- Corporation
- Jurisdiction
- DE
- Incorporated
- January 5, 2018
- SEC CIK
- 0001748415
Offering terms
From the amendment filed February 1, 2019.
- Security
- Common Stock
- Price
- $2.00
- Target
- $10,000
- Maximum
- $100,000
- Deadline
- March 8, 2019
- Portal compensation
- 6 percent
Financials
From the Form C-AR filed May 3, 2019.
| Most recent fiscal year | Prior fiscal year | Source | |
|---|---|---|---|
| Revenue | $52 | $0 | sec.gov |
| Cost of goods sold | $0 | $0 | sec.gov |
| Net income | $-12,802 | $0 | sec.gov |
| Taxes paid | $0 | $0 | sec.gov |
| Total assets | $37,105 | $114,020 | sec.gov |
| Cash | $37,105 | $0 | sec.gov |
| Accounts receivable | $0 | $0 | sec.gov |
| Short-term debt | $0 | $0 | sec.gov |
| Long-term debt | $0 | $0 | sec.gov |
Filings
| Filed | Filing | Target | Maximum | Deadline | Note | Source |
|---|---|---|---|---|---|---|
| June 5, 2020 | Termination of reporting | Not listed | Not listed | sec.gov | ||
| May 3, 2019 | Annual report | Not listed | Not listed | sec.gov | ||
| March 11, 2019 | Progress update | $10,000 | $100,000 | March 8, 2019 | At the close of the offering, the issuer closed on $86,336 and 43,449 number of securities. | sec.gov |
| February 1, 2019 | Amendment | $10,000 | $100,000 | March 8, 2019 | Issuer has updated copy on their campaign | sec.gov |
| January 7, 2019 | Amendment | $10,000 | $100,000 | March 8, 2019 | Issuer is extending the length of their campaign by 60 days. | sec.gov |
| November 6, 2018 | Amendment | $10,000 | $100,000 | January 7, 2019 | Issuer is extending the length of their campaign by 60 days. | sec.gov |
| August 14, 2018 | Amendment | $10,000 | $100,000 | November 7, 2018 | The issuer has added two new team members to their campaign page. | sec.gov |
| August 9, 2018 | Offering | $10,000 | $100,000 | November 7, 2018 | sec.gov |
Updated June 5, 2020. 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.