Data / Crowdfunding / New York / Rainshine Global Inc.
Rainshine Global Inc.: crowdfunding raise on Wefunder Portal LLC, $50,000 to $5,000,000 (2022)
Rainshine Global Inc., a corporation in New York, NY, filed a Form C with the SEC on May 18, 2022 to raise $50,000 to $5,000,000 in Convertible Note through Wefunder Portal LLC. The offering closed on July 28, 2022. In its most recent fiscal year it reported $5,589,607 in revenue and a net loss of $3,747,447, with 120 employees.
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- Website
- www.rainshine.com
- Funding portal
- Wefunder Portal LLC
- Address
- 307 Seventh Avenue Suite 1601, New York, NY 10001
- Legal form
- Corporation
- Jurisdiction
- DE
- Incorporated
- October 26, 2020
- SEC CIK
- 0001923678
Offering terms
From the offering filed May 18, 2022.
- Security
- Convertible Note
- Price
- $1.00
- Target
- $50,000
- Maximum
- $5,000,000
- Deadline
- July 28, 2022
- Portal compensation
- 6.5% 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 filed May 18, 2022.
| Most recent fiscal year | Prior fiscal year | Source | |
|---|---|---|---|
| Revenue | $5,589,607 | $0 | sec.gov |
| Cost of goods sold | $5,261,725 | $0 | sec.gov |
| Net income | $-3,747,447 | $0 | sec.gov |
| Taxes paid | $-36,689 | $0 | sec.gov |
| Total assets | $30,753,345 | $0 | sec.gov |
| Cash | $2,277,590 | $0 | sec.gov |
| Accounts receivable | $571,277 | $0 | sec.gov |
| Short-term debt | $4,930,731 | $0 | sec.gov |
| Long-term debt | $3,168,108 | $0 | sec.gov |
Filings
| Filed | Filing | Target | Maximum | Deadline | Note | Source |
|---|---|---|---|---|---|---|
| May 18, 2022 | Offering | $50,000 | $5,000,000 | July 28, 2022 | sec.gov |
Updated May 18, 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.