Data / Crowdfunding / California / Rumble Motors, Inc.
Rumble Motors, Inc.: crowdfunding raise on StartEngine Capital, LLC, $9,996 to $4,194,134 (2023)
Rumble Motors, Inc., a corporation in Sacramento, CA, filed a Form C with the SEC on April 28, 2023 to raise $9,996 to $4,194,134 in common stock through StartEngine Capital, LLC. The offering closed on July 6, 2023. In its most recent fiscal year it reported $212,347 in revenue and a net loss of $27,365, with 13 employees.
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- Website
- rumblemotors.com
- Funding portal
- StartEngine Capital, LLC
- Address
- 1001 2ND ST, Sacramento, CA 95814
- Legal form
- Corporation
- Jurisdiction
- CA
- Incorporated
- February 12, 2019
- SEC CIK
- 0001797125
Offering terms
From the amendment filed April 28, 2023.
- Security
- Common Stock
- Price
- $14.00
- Target
- $9,996
- Maximum
- $4,194,134
- Deadline
- July 6, 2023
- Portal compensation
- Up to 9% percent
Financials
From the Form C-U filed July 10, 2023.
| Most recent fiscal year | Prior fiscal year | Source | |
|---|---|---|---|
| Revenue | $212,347 | $550,542 | sec.gov |
| Cost of goods sold | $171,560 | $323,641 | sec.gov |
| Net income | $-27,365 | $8,452 | sec.gov |
| Taxes paid | $0 | $0 | sec.gov |
| Total assets | $545,428 | $290,588 | sec.gov |
| Cash | $275,463 | $41,380 | sec.gov |
| Accounts receivable | $65 | $65 | sec.gov |
| Short-term debt | $-5,284 | $11,894 | sec.gov |
| Long-term debt | $0 | $0 | sec.gov |
Filings
| Filed | Filing | Target | Maximum | Deadline | Note | Source |
|---|---|---|---|---|---|---|
| July 10, 2023 | Progress update | $9,996 | $4,194,134 | July 6, 2023 | At the close of the offering, the issuer closed on $19,807.83 and 1,537 number of securities. | sec.gov |
| April 28, 2023 | Annual report | Not listed | Not listed | sec.gov | ||
| April 28, 2023 | Amendment | $9,996 | $4,194,134 | July 6, 2023 | Issuer is extending their end date and updating their financials | sec.gov |
| March 3, 2023 | Offering | $9,996 | $4,194,134 | April 30, 2023 | sec.gov | |
| March 1, 2023 | Annual report | Not listed | Not listed | sec.gov | ||
| September 30, 2022 | Progress update | $10,000 | $1,070,000 | January 18, 2022 | At the close of the offering, the issuer closed on $804,654.82 and 83,296 number of securities. | sec.gov |
| January 20, 2022 | Progress update | $10,000 | $1,070,000 | January 18, 2022 | At the close of the offering, the issuer closed on $784,009.82 and 81,160 number of securities. | sec.gov |
| December 27, 2021 | Annual report, amended | Not listed | Not listed | sec.gov | ||
| November 12, 2021 | Amendment | $10,000 | $1,070,000 | January 18, 2022 | Issuer is extending the offering for 60 days to 01/18/2022. | sec.gov |
| September 21, 2021 | Amendment | $10,000 | $1,070,000 | November 19, 2021 | Issuer is extending the offering for 60 days to November 19. | sec.gov |
| September 3, 2021 | Amendment | $10,000 | $1,070,000 | September 30, 2021 | Issuer is moving the offering close date to 9/30 | sec.gov |
| July 26, 2021 | Amendment | $10,000 | $1,070,000 | October 27, 2021 | Extending our campaign for 90 days. | sec.gov |
| April 29, 2021 | Amendment | $10,000 | $1,070,000 | July 29, 2021 | Extending | sec.gov |
| April 29, 2021 | Amendment | $10,000 | $1,070,000 | April 30, 2021 | Extending and amending the campaign with new financials | sec.gov |
| April 29, 2021 | Annual report | Not listed | Not listed | sec.gov | ||
| March 29, 2021 | Amendment | $10,000 | $1,070,000 | April 30, 2021 | Issuer extended its campaign. | sec.gov |
| December 28, 2020 | Amendment | $10,000 | $1,070,000 | March 31, 2021 | Issuer extended its campaign. | sec.gov |
| November 16, 2020 | Amendment | $10,000 | $1,070,000 | December 31, 2020 | Issuer increased their minimum investment amount. | sec.gov |
| October 28, 2020 | Amendment | $10,000 | $1,070,000 | December 31, 2020 | Issuer is extending the length of their campaign by 60 days. | sec.gov |
| August 28, 2020 | Amendment | $10,000 | $1,070,000 | October 30, 2020 | Issuer is extending the length of their campaign by 60 days. | sec.gov |
| June 29, 2020 | Amendment | $10,000 | $1,070,000 | August 31, 2020 | Issuer is extending the length of their campaign by 60 days. | sec.gov |
| May 14, 2020 | Annual report | Not listed | Not listed | sec.gov | ||
| April 28, 2020 | Amendment | $10,000 | $1,070,000 | July 2, 2020 | Issuer provided updated financials, extended their campaign, and updated their maximum raise amount. | sec.gov |
| March 19, 2020 | Amendment | $10,000 | $107,000 | April 29, 2020 | Issuer is extending the length of their campaign by 60 days. | sec.gov |
| March 12, 2020 | Amendment | $10,000 | $107,000 | March 23, 2020 | Issuer made updates to campaign page. | sec.gov |
| December 20, 2019 | Offering | $10,000 | $107,000 | March 23, 2020 | sec.gov |
Updated July 10, 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.