Data / Crowdfunding / California / Praise Token, Inc.
Praise Token, Inc.: crowdfunding raise on StartEngine Capital, LLC, $10,000 to $5,000,000 (2021)
Praise Token, Inc., a corporation in Santa Monica, CA, filed a Form C with the SEC on August 30, 2021 to raise $10,000 to $5,000,000 in Convertible Note through StartEngine Capital, LLC. The offering closed on February 28, 2022. In its most recent fiscal year it reported $0 in revenue and a net loss of $31,685, with 3 employees.
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- Website
- www.praisetoken.io
- Funding portal
- StartEngine Capital, LLC
- Address
- 1128 OCEAN PARK BLVD, APT 314 APT 314, Santa Monica, CA 90405
- Legal form
- Corporation
- Jurisdiction
- DE
- Incorporated
- March 29, 2021
- SEC CIK
- 0001878246
Offering terms
From the offering filed August 30, 2021.
- Security
- Convertible Note
- Target
- $10,000
- Maximum
- $5,000,000
- Deadline
- February 28, 2022
- Portal compensation
- 7 - 13 percent
Financials
From the Form C-U filed September 29, 2022.
| Most recent fiscal year | Prior fiscal year | Source | |
|---|---|---|---|
| Revenue | $0 | $0 | sec.gov |
| Cost of goods sold | $0 | $0 | sec.gov |
| Net income | $-31,685 | $0 | sec.gov |
| Taxes paid | $0 | $0 | sec.gov |
| Total assets | $3,315 | $0 | sec.gov |
| Cash | $3,315 | $0 | sec.gov |
| Accounts receivable | $0 | $0 | sec.gov |
| Short-term debt | $0 | $0 | sec.gov |
| Long-term debt | $35,000 | $0 | sec.gov |
Filings
| Filed | Filing | Target | Maximum | Deadline | Note | Source |
|---|---|---|---|---|---|---|
| September 29, 2022 | Progress update | $10,000 | $5,000,000 | February 28, 2022 | At the close of the offering, the issuer closed on $249,903.60 and 243,955 number of securities. | sec.gov |
| March 1, 2022 | Progress update | $10,000 | $5,000,000 | February 28, 2022 | At the close of the offering, the issuer closed on $195,995.3 and 191,904 number of securities. | sec.gov |
| August 30, 2021 | Offering | $10,000 | $5,000,000 | February 28, 2022 | sec.gov |
Updated September 29, 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.