Data / Crowdfunding / California / Powur, PBC
Powur, PBC: crowdfunding raise on Wefunder Portal LLC, $250,000 to $5,000,000 (2024)
Powur, PBC, a company in Carlsbad, CA, filed a Form C with the SEC on November 4, 2024 to raise $250,000 to $5,000,000 in common stock through Wefunder Portal LLC. The offering closed on April 30, 2025. In its most recent fiscal year it reported $360,844,239 in revenue and a net loss of $4,027,893, with 207 employees.
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- Website
- www.powur.com
- Funding portal
- Wefunder Portal LLC
- Address
- 5850 El Camino Real St. 100, Carlsbad, CA 92008
- Legal form
- Other
- Jurisdiction
- DE
- Incorporated
- January 2, 2014
- SEC CIK
- 0001639406
Offering terms
From the offering filed November 4, 2024.
- Security
- Common Stock
- Price
- $3.83
- Target
- $250,000
- Maximum
- $5,000,000
- Deadline
- April 30, 2025
- Portal compensation
- 7.0% of the offering amount upon a successful fundraise, and be entitled to reimbursement for out-of-pocket third party expenses it pays or incurs on behalf of the Issuer in connection with the offering.
Financials
From the Form C filed November 4, 2024.
| Most recent fiscal year | Prior fiscal year | Source | |
|---|---|---|---|
| Revenue | $360,844,239 | $328,406,102 | sec.gov |
| Cost of goods sold | $249,071,921 | $218,379,796 | sec.gov |
| Net income | $-4,027,893 | $4,765,281 | sec.gov |
| Taxes paid | $0 | $272,286 | sec.gov |
| Total assets | $71,819,324 | $105,313,794 | sec.gov |
| Cash | $21,767,984 | $49,411,071 | sec.gov |
| Accounts receivable | $27,585,990 | $21,408,170 | sec.gov |
| Short-term debt | $38,348,583 | $76,514,641 | sec.gov |
| Long-term debt | $10,564,806 | $3,655,827 | sec.gov |
Filings
| Filed | Filing | Target | Maximum | Deadline | Note | Source |
|---|---|---|---|---|---|---|
| November 4, 2024 | Offering | $250,000 | $5,000,000 | April 30, 2025 | sec.gov | |
| November 4, 2024 | Annual report | Not listed | Not listed | sec.gov | ||
| August 13, 2021 | Offering | $500,003 | $4,999,995 | April 30, 2022 | sec.gov | |
| June 9, 2020 | Annual report | Not listed | Not listed | sec.gov | ||
| April 24, 2019 | Annual report | Not listed | Not listed | sec.gov | ||
| May 1, 2018 | Annual report | Not listed | Not listed | sec.gov | ||
| July 31, 2017 | Amendment | $200,000 | $1,000,000 | July 31, 2017 | Increase max to $1.07M; Include transcript; Up to date business plan; Moved deadline date to 5/19/17 (filed as today due to EDGAR limitation) | sec.gov |
| April 21, 2017 | Offering | $200,000 | $1,000,000 | October 18, 2017 | sec.gov |
Also on SpecStream
Updated November 4, 2024. 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.