Data / Crowdfunding / California / Reel Products, Inc.
Reel Products, Inc.: crowdfunding raise on Wefunder Portal LLC, $50,000 to $478,000 (2023)
Reel Products, Inc., a company in Santa Monica, CA, filed a Form C with the SEC on November 27, 2023 to raise $50,000 to $478,000 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 $24,372,958 in revenue and a net loss of $1,043,731, with 10 employees.
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- Website
- reelpaper.com
- Funding portal
- Wefunder Portal LLC
- Address
- 730 Arizona Ave Suite 200, Santa Monica, CA 90401
- Legal form
- Other
- Jurisdiction
- DE
- Incorporated
- April 10, 2018
- SEC CIK
- 0001994247
Offering terms
From the amendment filed November 27, 2023.
- Security
- Simple Agreement for Future Equity (SAFE)
- Price
- $1.00
- Target
- $50,000
- Maximum
- $478,000
- 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 14, 2026.
| Most recent fiscal year | Prior fiscal year | Source | |
|---|---|---|---|
| Revenue | $24,372,958 | $20,307,370 | sec.gov |
| Cost of goods sold | $15,160,386 | $10,407,481 | sec.gov |
| Net income | $-1,043,731 | $-2,921,573 | sec.gov |
| Taxes paid | $0 | $0 | sec.gov |
| Total assets | $9,401,495 | $4,464,070 | sec.gov |
| Cash | $2,415 | $75,639 | sec.gov |
| Accounts receivable | $3,561,743 | $1,938,380 | sec.gov |
| Short-term debt | $7,811,445 | $4,573,527 | sec.gov |
| Long-term debt | $8,777,719 | $6,034,481 | sec.gov |
Filings
| Filed | Filing | Target | Maximum | Deadline | Note | Source |
|---|---|---|---|---|---|---|
| April 14, 2026 | Annual report | Not listed | Not listed | sec.gov | ||
| November 27, 2023 | Amendment | $50,000 | $478,000 | April 29, 2024 | Increasing maximum from $443,000 to $478,000 | sec.gov |
| October 10, 2023 | Offering | $50,000 | $443,000 | April 29, 2024 | sec.gov |
Updated April 14, 2026. 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.