Data / Crowdfunding / North Carolina / Quadvantage Technology, Inc.
Quadvantage Technology, Inc.: crowdfunding raise on DealMaker Securities, LLC, $25,000 to $5,000,000 (2022)
Quadvantage Technology, Inc., a corporation in Raleigh, NC, filed a Form C with the SEC on August 23, 2022 to raise $25,000 to $5,000,000 in preferred stock through DealMaker Securities, LLC. The offering closed on April 30, 2023. In its most recent fiscal year it reported $0 in revenue and a net loss of $851,312, with 2 employees.
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
- quadvantage.com
- Funding portal
- DealMaker Securities, LLC
- Address
- 6325 FALLS OF NEUSE RD. SUITE 35-122, Raleigh, NC 27615
- Legal form
- Corporation
- Jurisdiction
- DE
- Incorporated
- October 2, 2018
- SEC CIK
- 0001763150
Offering terms
From the amendment filed August 23, 2022.
- Security
- Preferred Stock
- Price
- $2.50
- Target
- $25,000
- Maximum
- $5,000,000
- Deadline
- April 30, 2023
- Portal compensation
- The issuer shall pay a fee of three percent (3%) of the amount raised in the Offering to the Intermediary.
Financials
From the Form C-AR filed May 1, 2023.
| Most recent fiscal year | Prior fiscal year | Source | |
|---|---|---|---|
| Revenue | $0 | $0 | sec.gov |
| Cost of goods sold | $0 | $0 | sec.gov |
| Net income | $-851,312 | $-1,222,273 | sec.gov |
| Taxes paid | $670 | $670 | sec.gov |
| Total assets | $198,284 | $25,166 | sec.gov |
| Cash | $88,943 | $6,943 | sec.gov |
| Accounts receivable | $0 | $0 | sec.gov |
| Short-term debt | $2,355,911 | $1,796,792 | sec.gov |
| Long-term debt | $428,017 | $204,617 | sec.gov |
Filings
| Filed | Filing | Target | Maximum | Deadline | Note | Source |
|---|---|---|---|---|---|---|
| May 2, 2023 | Termination of reporting | Not listed | Not listed | sec.gov | ||
| May 1, 2023 | Annual report | Not listed | Not listed | sec.gov | ||
| February 27, 2023 | Progress update | $25,000 | $5,000,000 | April 30, 2023 | The issuer raised approximately $295,750 during the offering period. Payments are still being processed: the exact amount has yet to be determined. | sec.gov |
| August 23, 2022 | Amendment | $25,000 | $5,000,000 | April 30, 2023 | This Form C/A No. 2 ("Form C") is being filed to revise the terms of the shares of Series CF Preferred to eliminate the mandatory redemption feature and to update disclosures. These revisions are treated as a material change to the offering terms or other | sec.gov |
| July 29, 2022 | Amendment | $25,000 | $5,000,000 | April 30, 2023 | This Form C/A ("Form C") is being filed to correct a technical filing error that inadvertently excluded the body of the disclosures from the EDGAR filing. | sec.gov |
| July 29, 2022 | Offering | $25,000 | $5,000,000 | April 30, 2023 | sec.gov |
Also on SpecStream
Updated May 2, 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.