Data / Crowdfunding / California / Primo Energy Inc
Primo Energy Inc: crowdfunding raise on StartEngine Capital, LLC, $9,999 to $1,069,998 (2022)
Primo Energy Inc, a corporation in San Diego, CA, filed a Form C with the SEC on January 25, 2022 to raise $9,999 to $1,069,998 in common stock through StartEngine Capital, LLC. The offering closed on March 10, 2022. In its most recent fiscal year it reported $-37,298 in revenue and a net loss of $470,098, with 4 employees.
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- Website
- www.primoenergy.com
- Funding portal
- StartEngine Capital, LLC
- Address
- 7350 Trade Street Suite B, San Diego, CA 92121
- Legal form
- Corporation
- Jurisdiction
- DE
- Incorporated
- November 12, 2019
- SEC CIK
- 0001736304
Offering terms
From the amendment filed January 25, 2022.
- Security
- Common Stock
- Price
- $2.19
- Target
- $9,999
- Maximum
- $1,069,998
- Deadline
- March 10, 2022
- Portal compensation
- 7 - 13 percent
Financials
From the Form C-AR filed April 29, 2022.
| Most recent fiscal year | Prior fiscal year | Source | |
|---|---|---|---|
| Revenue | $-37,298 | $85,614 | sec.gov |
| Cost of goods sold | $65,934 | $150,449 | sec.gov |
| Net income | $-470,098 | $-489,238 | sec.gov |
| Taxes paid | $0 | $0 | sec.gov |
| Total assets | $261,798 | $148,620 | sec.gov |
| Cash | $1,756 | $92,277 | sec.gov |
| Accounts receivable | $100,847 | $347,539 | sec.gov |
| Short-term debt | $333,224 | $339,226 | sec.gov |
| Long-term debt | $2,212,080 | $1,950,100 | sec.gov |
Filings
| Filed | Filing | Target | Maximum | Deadline | Note | Source |
|---|---|---|---|---|---|---|
| April 29, 2022 | Annual report | Not listed | Not listed | sec.gov | ||
| March 11, 2022 | Progress update | $9,999 | $1,069,998 | March 10, 2022 | At the close of the offering, the issuer closed on $70,828.66 and 36,651 of securities. | sec.gov |
| January 25, 2022 | Amendment | $9,999 | $1,069,998 | March 10, 2022 | Issuer is extending the campaign 30 days to the new date of 3/10/22. | sec.gov |
| November 12, 2021 | Withdrawal | Not listed | Not listed | sec.gov | ||
| November 12, 2021 | Withdrawal | Not listed | Not listed | sec.gov | ||
| November 12, 2021 | Offering | $9,999 | $1,069,998 | February 8, 2022 | sec.gov | |
| November 12, 2021 | Offering | $9,999 | $1,069,998 | February 8, 2022 | sec.gov | |
| November 10, 2021 | Offering | $9,999 | $1,069,998 | February 8, 2022 | sec.gov | |
| April 9, 2020 | Termination of reporting | Not listed | Not listed | sec.gov | ||
| April 30, 2019 | Annual report | Not listed | Not listed | sec.gov | ||
| July 23, 2018 | Progress update | $50,000 | $500,000 | July 16, 2018 | $140,300 in investments. Payments are still being processed; final number is yet to be determined. | sec.gov |
| June 26, 2018 | Amendment | $50,000 | $500,000 | July 16, 2018 | This Amendment was filed to update Crowd Note (attached as Exhibit D) to clarify definition of outstanding principal and to add a transcript for a video webinar (attached as Exhibit G). | sec.gov |
| May 24, 2018 | Amendment | $50,000 | $500,000 | July 16, 2018 | Update the Crowd Note to correctly reflect the investment terms. | sec.gov |
| May 9, 2018 | Offering | $50,000 | $500,000 | July 16, 2018 | sec.gov |
Updated April 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.