Data / Crowdfunding / New York / Pylons Inc.
Pylons Inc.: crowdfunding raise on OpenDeal Portal LLC, $25,000 to $1,235,000 (2023)
Pylons Inc., a corporation in New York, NY, filed a Form C with the SEC on January 18, 2023 to raise $25,000 to $1,235,000 in Crowd SAFE (Simple Agreement for Future Equity) through OpenDeal Portal LLC. The offering closed on March 17, 2023. In its most recent fiscal year it reported $147 in revenue and a net loss of $2,520,763.
SpecStream is the live web data engine for teams and agents. It reads every Form C on SEC EDGAR each morning, and this page is that reading. Ask for your own cut (a portal, a state, a size, a revenue range) and new raises arrive in your sheet, CRM, Slack or agent as they land.
- Website
- pylons.tech
- Funding portal
- OpenDeal Portal LLC
- Address
- 228 PARK AVE S PMB 94225, New York, NY 10013
- Legal form
- Corporation
- Jurisdiction
- DE
- Incorporated
- May 31, 2019
- SEC CIK
- 0001954278
Offering terms
From the amendment filed January 18, 2023.
- Security
- Crowd SAFE (Simple Agreement for Future Equity)
- Price
- $1.00
- Target
- $25,000
- Maximum
- $1,235,000
- Deadline
- March 17, 2023
- Portal compensation
- At the conclusion of the offering, the issuer shall pay a fee of six percent (6%) of the amount raised in the offering to the Intermediary.
Financials
From the Form C-AR filed April 28, 2023.
| Most recent fiscal year | Prior fiscal year | Source | |
|---|---|---|---|
| Revenue | $147 | $0 | sec.gov |
| Cost of goods sold | $0 | $0 | sec.gov |
| Net income | $-2,520,763 | $-1,444,723 | sec.gov |
| Taxes paid | $0 | $0 | sec.gov |
| Total assets | $57,016 | $1,345,427 | sec.gov |
| Cash | $5,853 | $136,433 | sec.gov |
| Accounts receivable | $0 | $0 | sec.gov |
| Short-term debt | $628,685 | $5,151 | sec.gov |
| Long-term debt | $0 | $2,615,000 | sec.gov |
Filings
| Filed | Filing | Target | Maximum | Deadline | Note | Source |
|---|---|---|---|---|---|---|
| April 28, 2023 | Termination of reporting | Not listed | Not listed | sec.gov | ||
| April 28, 2023 | Annual report | Not listed | Not listed | sec.gov | ||
| March 23, 2023 | Progress update | $25,000 | $1,235,000 | March 17, 2023 | The Offering closed successfully on 3/18/2023, having received investment commitments of $35,126, although a final accounting has not taken place. | sec.gov |
| January 18, 2023 | Amendment | $25,000 | $1,235,000 | March 17, 2023 | This material change amendment is filed to extend the offering deadline to March 17, 2023 and to update the number of employees at the company, the cash and cash equivalents, and the runway. | sec.gov |
| November 18, 2022 | Offering | $25,000 | $1,235,000 | January 17, 2023 | sec.gov |
Updated April 28, 2023. 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.