Data / Crowdfunding / California / Radix Motion Inc
Radix Motion Inc: crowdfunding raise on Wefunder Portal LLC, $50,000 to $250,000 (2020)
Radix Motion Inc, a corporation in San Francisco, CA, filed a Form C with the SEC on July 28, 2020 to raise $50,000 to $250,000 in Simple Agreement for Future Equity (SAFE) through Wefunder Portal LLC. The offering closed on September 18, 2020. In its most recent fiscal year it reported $3 in revenue and $80,140 in net income, with 2 employees.
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- Website
- radixmotion.com
- Funding portal
- Wefunder Portal LLC
- Address
- 3233 scott, San Francisco, CA 94123
- Legal form
- Corporation
- Jurisdiction
- DE
- Incorporated
- October 18, 2018
- SEC CIK
- 0001812154
Offering terms
From the amendment filed July 28, 2020.
- Security
- Simple Agreement for Future Equity (SAFE)
- Price
- $1.00
- Target
- $50,000
- Maximum
- $250,000
- Deadline
- September 18, 2020
- 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/A filed July 28, 2020.
| Most recent fiscal year | Prior fiscal year | Source | |
|---|---|---|---|
| Revenue | $3 | $0 | sec.gov |
| Cost of goods sold | $0 | $0 | sec.gov |
| Net income | $80,140 | $-79 | sec.gov |
| Taxes paid | $0 | $0 | sec.gov |
| Total assets | $9,859 | $0 | sec.gov |
| Cash | $9,859 | $0 | sec.gov |
| Accounts receivable | $0 | $0 | sec.gov |
| Short-term debt | $0 | $0 | sec.gov |
| Long-term debt | $0 | $0 | sec.gov |
Filings
| Filed | Filing | Target | Maximum | Deadline | Note | Source |
|---|---|---|---|---|---|---|
| July 28, 2020 | Amendment | $50,000 | $250,000 | September 18, 2020 | Adding Lead Investor, adding 2018 / 2019 GAAP financial statements | sec.gov |
| May 15, 2020 | Offering | $50,000 | $250,000 | September 18, 2020 | sec.gov |
Updated July 28, 2020. 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.