Data / Crowdfunding / California / ReGrained Inc
ReGrained Inc: crowdfunding raise on Wefunder Portal LLC, $50,000 to $535,000 (2020)
ReGrained Inc, a corporation in Berkeley, CA, filed a Form C with the SEC on July 30, 2020 to raise $50,000 to $535,000 in preferred stock through Wefunder Portal LLC. The offering closed on November 6, 2020. In its most recent fiscal year it reported $359,432 in revenue and a net loss of $1,664,702, with 5 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
- regrained.com
- Funding portal
- Wefunder Portal LLC
- Address
- 950 Gilman Ste 101b, Berkeley, CA 94710
- Legal form
- Corporation
- Jurisdiction
- DE
- Incorporated
- February 20, 2019
- SEC CIK
- 0001690165
Offering terms
From the offering filed July 30, 2020.
- Security
- Preferred Stock
- Price
- $4.00
- Target
- $50,000
- Maximum
- $535,000
- Deadline
- November 6, 2020
- Portal compensation
- <p>5.0% of the offering amount upon a successful fundraise.</p>
Financials
From the Form C filed July 30, 2020.
| Most recent fiscal year | Prior fiscal year | Source | |
|---|---|---|---|
| Revenue | $359,432 | $237,695 | sec.gov |
| Cost of goods sold | $155,922 | $34,472 | sec.gov |
| Net income | $-1,664,702 | $-989,890 | sec.gov |
| Taxes paid | $0 | $0 | sec.gov |
| Total assets | $1,084,132 | $901,186 | sec.gov |
| Cash | $653,014 | $688,555 | sec.gov |
| Accounts receivable | $62,390 | $26,465 | sec.gov |
| Short-term debt | $27,605 | $23,378 | sec.gov |
| Long-term debt | $754,781 | $454,342 | sec.gov |
Filings
| Filed | Filing | Target | Maximum | Deadline | Note | Source |
|---|---|---|---|---|---|---|
| July 30, 2020 | Offering | $50,000 | $535,000 | November 6, 2020 | sec.gov | |
| June 12, 2020 | Annual report | Not listed | Not listed | sec.gov | ||
| May 30, 2018 | Progress update | $50,000 | $1,070,000 | March 16, 2018 | $514,561.65 in investments. Payments are still being processed; final number is yet to be determined. | sec.gov |
| April 30, 2018 | Annual report | Not listed | Not listed | sec.gov | ||
| March 9, 2018 | Amendment | $50,000 | $1,070,000 | March 16, 2018 | Adding second video transcript to Exhibits. | sec.gov |
| January 18, 2018 | Amendment | $50,000 | $1,070,000 | March 16, 2018 | Updating the target offering amount to the what is stated in the Form C | sec.gov |
| January 18, 2018 | Offering | $500,000 | $1,070,000 | March 16, 2018 | sec.gov |
Updated July 30, 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.