Data / Crowdfunding / California / ReelwUrld, Inc.
ReelwUrld, Inc.: crowdfunding raise on Wefunder Portal LLC, $50,000 to $1,069,999 (2023)
ReelwUrld, Inc., a corporation in North Hollywood, CA, filed a Form C with the SEC on April 26, 2023 to raise $50,000 to $1,069,999 in preferred stock through Wefunder Portal LLC. The offering closed on April 29, 2024. In its most recent fiscal year it reported $231 in revenue and a net loss of $16,288, with 1 employees.
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- Website
- www.reelwurld.com
- Funding portal
- Wefunder Portal LLC
- Address
- 11011 Otsego Street #422, North Hollywood, CA 91601
- Legal form
- Corporation
- Jurisdiction
- DE
- Incorporated
- September 7, 2017
- SEC CIK
- 0001829940
Offering terms
From the amendment filed April 26, 2023.
- Security
- Preferred Stock
- Price
- $1.00
- Target
- $50,000
- Maximum
- $1,069,999
- Deadline
- April 29, 2024
- 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/A filed April 26, 2023.
| Most recent fiscal year | Prior fiscal year | Source | |
|---|---|---|---|
| Revenue | $231 | $0 | sec.gov |
| Cost of goods sold | $7 | $19 | sec.gov |
| Net income | $-16,288 | $-4,651 | sec.gov |
| Taxes paid | $0 | $0 | sec.gov |
| Total assets | $13,435 | $13,976 | sec.gov |
| Cash | $34 | $511 | sec.gov |
| Accounts receivable | $0 | $0 | sec.gov |
| Short-term debt | $5,000 | $5,960 | sec.gov |
| Long-term debt | $13,146 | $11,831 | sec.gov |
Filings
| Filed | Filing | Target | Maximum | Deadline | Note | Source |
|---|---|---|---|---|---|---|
| April 26, 2023 | Amendment | $50,000 | $1,069,999 | April 29, 2024 | Adding 2022 reviewed GAAP financials, changing the lead investor, and extending the campaign. | sec.gov |
| April 26, 2022 | Amendment | $50,000 | $1,069,999 | April 30, 2023 | Adding 2021 financials and extending offering. | sec.gov |
| December 1, 2021 | Offering | $50,000 | $1,069,999 | April 30, 2022 | sec.gov | |
| November 23, 2021 | Withdrawal | Not listed | Not listed | sec.gov | ||
| March 10, 2021 | Progress update | $10,000 | $1,070,000 | March 1, 2021 | End of offering. Issuer failed to reach target amount and investor funds are being returned by the escrow agent. | sec.gov |
| January 13, 2021 | Amendment | $10,000 | $1,070,000 | March 1, 2021 | issuer added michael sandoval as an advisor to the offering page. | sec.gov |
| December 31, 2020 | Amendment | $10,000 | $1,070,000 | March 1, 2021 | the issuer made minor changes to the offering page. | sec.gov |
| December 30, 2020 | Offering | $10,000 | $1,070,000 | March 1, 2021 | sec.gov |
Updated April 26, 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.