Data / Crowdfunding / Texas / Rocket Dollar Inc
Rocket Dollar Inc: crowdfunding raise on OpenDeal Portal LLC, $25,000 to $1,070,000 (2019)
Rocket Dollar Inc, a corporation in Austin, TX, filed a Form C with the SEC on December 30, 2019 to raise $25,000 to $1,070,000 in Crowd SAFE Units of SAFE (Simple Agreement for Future Equity) through OpenDeal Portal LLC. The offering closed on March 27, 2020. In its most recent fiscal year it reported $1,379,482 in revenue and a net loss of $2,182,531, with 24 employees.
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- Website
- www.rocketdollar.com
- Funding portal
- OpenDeal Portal LLC
- Address
- 2028 E. BEN WHITE BLVD. SUITE 240-4010, Austin, TX 78741
- Legal form
- Corporation
- Jurisdiction
- TX
- Incorporated
- February 16, 2018
- SEC CIK
- 0001769091
Offering terms
From the offering filed December 30, 2019.
- Security
- Crowd SAFE Units of SAFE (Simple Agreement for Future Equity)
- Price
- $1.00
- Target
- $25,000
- Maximum
- $1,070,000
- Deadline
- March 27, 2020
- Portal compensation
- The issuer shall pay to the intermediary at the conclusion of the offering a fee consisting of six percent (6.0%) commission based on the amount of investments raised in the offering and paid upon disbursement of funds from escrow at the time of closing.
Financials
From the Form C-AR filed April 29, 2022.
| Most recent fiscal year | Prior fiscal year | Source | |
|---|---|---|---|
| Revenue | $1,379,482 | $510,830 | sec.gov |
| Cost of goods sold | $0 | $0 | sec.gov |
| Net income | $-2,182,531 | $-1,295,624 | sec.gov |
| Taxes paid | $3,894 | $0 | sec.gov |
| Total assets | $6,606,686 | $741,869 | sec.gov |
| Cash | $6,473,801 | $673,741 | sec.gov |
| Accounts receivable | $0 | $340 | sec.gov |
| Short-term debt | $134,088 | $52,292 | sec.gov |
| Long-term debt | $423,245 | $423,245 | sec.gov |
Filings
| Filed | Filing | Target | Maximum | Deadline | Note | Source |
|---|---|---|---|---|---|---|
| May 4, 2022 | Termination of reporting | Not listed | Not listed | sec.gov | ||
| April 29, 2022 | Annual report | Not listed | Not listed | sec.gov | ||
| April 28, 2021 | Annual report | Not listed | Not listed | sec.gov | ||
| June 9, 2020 | Annual report | Not listed | Not listed | sec.gov | ||
| March 30, 2020 | Progress update | $25,000 | $1,070,000 | March 27, 2020 | The offering ended successfully on March 28, 2020, having received investment commitments of $474,682, though a final accounting has not taken place. | sec.gov |
| December 30, 2019 | Offering | $25,000 | $1,070,000 | March 27, 2020 | sec.gov |
Updated May 4, 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.