Data / Crowdfunding / Massachusetts / Rhymella, Inc
Rhymella, Inc: crowdfunding raise on OpenDeal Inc. dba "Republic", $25,000 to $107,000 (2018)
Rhymella, Inc, a corporation in Newtonville, MA, filed a Form C with the SEC on February 21, 2018 to raise $25,000 to $107,000 in Crowd SAFE (Simple Agreement for Future Equity) Units through OpenDeal Inc. dba "Republic". The offering closed on April 30, 2018. In its most recent fiscal year it reported $0 in revenue and a net loss of $292.
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- Website
- www.rhymella.com
- Funding portal
- OpenDeal Inc. dba "Republic"
- Address
- PO BOX 600511, 897 WASHINGTON STREET, Newtonville, MA 02460
- Legal form
- Corporation
- Jurisdiction
- DE
- Incorporated
- June 15, 2016
- SEC CIK
- 0001725124
Offering terms
From the amendment filed February 21, 2018.
- Security
- Crowd SAFE (Simple Agreement for Future Equity) Units
- Price
- $1.00
- Target
- $25,000
- Maximum
- $107,000
- Deadline
- April 30, 2018
- Portal compensation
- A fee to the Intermediary consisting of a 5.0% (five percent) commission based on the amount of investments raised in the Offering.
Financials
From the Form C-AR filed March 20, 2019.
| Most recent fiscal year | Prior fiscal year | Source | |
|---|---|---|---|
| Revenue | $0 | $0 | sec.gov |
| Cost of goods sold | $0 | $0 | sec.gov |
| Net income | $-292 | $-5,929 | sec.gov |
| Taxes paid | $0 | $0 | sec.gov |
| Total assets | $80,573 | $258 | sec.gov |
| Cash | $29,708 | $258 | sec.gov |
| Accounts receivable | $0 | $0 | sec.gov |
| Short-term debt | $866 | $6,326 | sec.gov |
| Long-term debt | $6,326 | $0 | sec.gov |
Filings
| Filed | Filing | Target | Maximum | Deadline | Note | Source |
|---|---|---|---|---|---|---|
| March 20, 2019 | Annual report | Not listed | Not listed | sec.gov | ||
| May 7, 2018 | Progress update | $25,000 | $107,000 | April 30, 2018 | The intermediary has indicated that at the end of the offering the issuer has closed on approximately $91,459 in securities sold. | sec.gov |
| February 21, 2018 | Amendment | $25,000 | $107,000 | April 30, 2018 | Clarifying that the exhibited Unaudited Financial Statements were evaluated by Management through February 6th, 2018. (See final comment on page 9 of financials). | sec.gov |
| February 12, 2018 | Amendment | $25,000 | $107,000 | April 30, 2018 | Updating minimum investment amount from $100.00 to $50.00. | sec.gov |
| February 8, 2018 | Offering | $25,000 | $107,000 | April 30, 2018 | sec.gov |
Updated March 20, 2019. 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.