Data / Crowdfunding / California / PVP International, Inc.
PVP International, Inc.: crowdfunding raise on Wefunder Portal LLC, $50,000 to $500,000 (2023)
PVP International, Inc., a corporation in El Segundo, CA, filed a Form C with the SEC on November 21, 2023 to raise $50,000 to $500,000 in Simple Agreement for Future Equity (SAFE) through Wefunder Portal LLC. The offering closed on April 29, 2024. In its most recent fiscal year it reported $351,938 in revenue and a net loss of $192,404, with 12 employees.
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- Website
- pvp.com
- Funding portal
- Wefunder Portal LLC
- Address
- 222 N PACIFIC COAST HWY FL 10, El Segundo, CA 90245
- Legal form
- Corporation
- Jurisdiction
- DE
- Incorporated
- January 8, 2019
- SEC CIK
- 0001854268
Offering terms
From the amendment filed November 21, 2023.
- Security
- Simple Agreement for Future Equity (SAFE)
- Price
- $1.00
- Target
- $50,000
- Maximum
- $500,000
- Deadline
- April 29, 2024
- Portal compensation
- 7.5% 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-AR filed April 30, 2024.
| Most recent fiscal year | Prior fiscal year | Source | |
|---|---|---|---|
| Revenue | $351,938 | $0 | sec.gov |
| Cost of goods sold | $0 | $0 | sec.gov |
| Net income | $-192,404 | $-943,903 | sec.gov |
| Taxes paid | $925 | $1,648 | sec.gov |
| Total assets | $1,005,270 | $1,049,553 | sec.gov |
| Cash | $6,200 | $50,483 | sec.gov |
| Accounts receivable | $0 | $0 | sec.gov |
| Short-term debt | $1,827,098 | $1,732,056 | sec.gov |
| Long-term debt | $0 | $0 | sec.gov |
Filings
| Filed | Filing | Target | Maximum | Deadline | Note | Source |
|---|---|---|---|---|---|---|
| April 30, 2024 | Annual report | Not listed | Not listed | sec.gov | ||
| November 21, 2023 | Amendment | $50,000 | $500,000 | April 29, 2024 | Adding parameters of VIP investor bonus | sec.gov |
| May 1, 2023 | Annual report | Not listed | Not listed | sec.gov | ||
| April 28, 2023 | Amendment | $50,000 | $500,000 | April 29, 2024 | Adding 2022 financial statements, extending campaign deadline, lowering maximum raise size to $500k, lowering Early Bird threshold to $300k | sec.gov |
| March 8, 2023 | Offering | $50,000 | $1,500,000 | April 30, 2023 | sec.gov | |
| February 27, 2023 | Progress update | $10,000 | $1,200,000 | February 28, 2023 | The offering terminated on December 24, 2022. The company raised $89,195.23. | sec.gov |
| September 23, 2022 | Offering | $10,000 | $1,200,000 | February 28, 2023 | sec.gov | |
| September 20, 2022 | Progress update | $10,000 | $3,000,000 | October 22, 2022 | The offering is closed and the issuer raised $1,587,703 and issued 1,742,297 shares of Class B Common Stock. | sec.gov |
| September 20, 2022 | Withdrawal | Not listed | Not listed | sec.gov | ||
| September 20, 2022 | Progress update | $9,999 | $1,069,999 | November 2, 2021 | The offering is closed and the issuer raised $1,587,703 and issued 1,742,297 shares of Class B Common Stock. | sec.gov |
| April 26, 2022 | Annual report | Not listed | Not listed | sec.gov | ||
| October 19, 2021 | Offering | $10,000 | $3,000,000 | October 22, 2022 | sec.gov | |
| July 26, 2021 | Progress update | $9,999 | $1,069,999 | November 2, 2021 | At the close of the offering, the issuer closed on $325,405.44 and 369249 number of securities. | sec.gov |
| May 27, 2021 | Amendment | $9,999 | $1,069,999 | November 2, 2021 | The issuer adjusted its team and increased its minimum investment. | sec.gov |
| May 6, 2021 | Offering | $9,999 | $1,069,999 | November 2, 2021 | sec.gov |
Updated April 30, 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.