Data / Crowdfunding / California / Ryca Motors, Inc.
Ryca Motors, Inc.: crowdfunding raise on NetCapital Funding Portal Inc., $10,002 to $617,999 (2024)
Ryca Motors, Inc., a corporation in Los Angeles, CA, filed a Form C with the SEC on January 19, 2024 to raise $10,002 to $617,999 in common stock through NetCapital Funding Portal Inc.. The offering closed on February 21, 2024. In its most recent fiscal year it reported $0 in revenue and $0 in net income, with 4 employees.
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- Website
- rycamotors.com
- Funding portal
- NetCapital Funding Portal Inc.
- Address
- PO Box 50202, Los Angeles, CA 90050
- Legal form
- Corporation
- Jurisdiction
- CA
- Incorporated
- July 8, 2020
- SEC CIK
- 0001819417
Offering terms
From the amendment filed January 19, 2024.
- Security
- Common Stock
- Price
- $2.71
- Target
- $10,002
- Maximum
- $617,999
- Deadline
- February 21, 2024
- Portal compensation
- Up to 4.9% of amount raised for a successful offering and a listing fee of up to $10,000
Financials
From the Form C-U filed July 5, 2024.
| Most recent fiscal year | Prior fiscal year | Source | |
|---|---|---|---|
| Revenue | $0 | $21,911 | sec.gov |
| Cost of goods sold | $0 | $0 | sec.gov |
| Net income | $0 | $0 | sec.gov |
| Taxes paid | $0 | $0 | sec.gov |
| Total assets | $10,000 | $10,000 | sec.gov |
| Cash | $10,000 | $10,000 | sec.gov |
| Accounts receivable | $0 | $0 | sec.gov |
| Short-term debt | $0 | $0 | sec.gov |
| Long-term debt | $0 | $0 | sec.gov |
Filings
| Filed | Filing | Target | Maximum | Deadline | Note | Source |
|---|---|---|---|---|---|---|
| July 5, 2024 | Progress update | $10,002 | $617,999 | February 20, 2024 | End of offering. Issuer closed its offering with estimated gross proceeds of $12,816. The foregoing is in regard only to the amount raised under the Section 4(a)(6) exemption. | sec.gov |
| January 19, 2024 | Amendment | $10,002 | $617,999 | February 21, 2024 | extending until feb 20 | sec.gov |
| November 17, 2023 | Offering | $10,002 | $617,999 | January 19, 2024 | sec.gov | |
| November 17, 2023 | Annual report | Not listed | Not listed | sec.gov | ||
| May 5, 2021 | Progress update | $9,998 | $1,069,999 | April 30, 2021 | At the close of the offering, the issuer closed on $118,254.50 and 55,563 number of securities. | sec.gov |
| March 3, 2021 | Amendment | $9,998 | $1,069,999 | April 30, 2021 | Issuer changed minimum investment amount. | sec.gov |
| January 26, 2021 | Amendment | $9,998 | $1,069,999 | April 30, 2021 | Issuer extended its campaign. | sec.gov |
| December 28, 2020 | Amendment | $9,998 | $1,069,999 | January 29, 2021 | Issuer extended its campaign | sec.gov |
| December 9, 2020 | Amendment | $9,998 | $1,069,999 | December 30, 2020 | Issuer updated their campaign page. | sec.gov |
| December 4, 2020 | Amendment | $9,998 | $1,069,999 | December 30, 2020 | Issuer updated perk. | sec.gov |
| October 27, 2020 | Amendment | $9,998 | $1,069,999 | December 30, 2020 | Issuer added reviewed financials, increased their max raise amount, and extended their campaign. | sec.gov |
| July 31, 2020 | Offering | $9,998 | $106,996 | October 29, 2020 | sec.gov |
Updated July 5, 2024. 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.