Data / Crowdfunding / Massachusetts / Sagelink Inc.
Sagelink Inc.: crowdfunding raise on OpenDeal Portal LLC, $25,000 to $1,070,000 (2020)
Sagelink Inc., a corporation in Boston, MA, filed a Form C with the SEC on September 8, 2020 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 December 11, 2020. In its most recent fiscal year it reported $229,388 in revenue and a net loss of $20,332, with 2 employees.
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- Website
- glyph.earth
- Funding portal
- OpenDeal Portal LLC
- Address
- 6 LIBERTY SQUARE #6070 SUITE 133, Boston, MA 02109
- Legal form
- Corporation
- Jurisdiction
- DE
- Incorporated
- February 20, 2017
- SEC CIK
- 0001805273
Offering terms
From the amendment filed September 8, 2020.
- Security
- Crowd Safe Units of SAFE (Simple Agreement for Future Equity)
- Price
- $1.00
- Target
- $25,000
- Maximum
- $1,070,000
- Deadline
- December 11, 2020
- Portal compensation
- The issuer shall pay to the Intermediary at the conclusion of the Offering a fee of six percent (6%) of the amount raised in the Offering.
Financials
From the Form C-AR filed April 11, 2023.
| Most recent fiscal year | Prior fiscal year | Source | |
|---|---|---|---|
| Revenue | $229,388 | $536,104 | sec.gov |
| Cost of goods sold | $67,699 | $193,648 | sec.gov |
| Net income | $-20,332 | $-226,923 | sec.gov |
| Taxes paid | $450 | $0 | sec.gov |
| Total assets | $130,133 | $324,251 | sec.gov |
| Cash | $101,800 | $90,291 | sec.gov |
| Accounts receivable | $0 | $0 | sec.gov |
| Short-term debt | $14,181 | $147,977 | sec.gov |
| Long-term debt | $149,842 | $149,842 | sec.gov |
Filings
| Filed | Filing | Target | Maximum | Deadline | Note | Source |
|---|---|---|---|---|---|---|
| April 11, 2023 | Termination of reporting | Not listed | Not listed | sec.gov | ||
| April 11, 2023 | Annual report | Not listed | Not listed | sec.gov | ||
| June 1, 2022 | Annual report | Not listed | Not listed | sec.gov | ||
| April 27, 2021 | Annual report | Not listed | Not listed | sec.gov | ||
| December 14, 2020 | Progress update | $25,000 | $1,070,000 | December 11, 2020 | The Offering closed successfully on December 12, 2020, having received investment commitments of $135,690, although a final accounting has not taken place. | sec.gov |
| September 8, 2020 | Amendment | $25,000 | $1,070,000 | December 11, 2020 | The issuer has extended its offering until December 11, 2020. | sec.gov |
| May 8, 2020 | Amendment | $25,000 | $1,070,000 | September 7, 2020 | The Issuer, having met its target offering amount, is shortening the deadline in compliance with Reg CF Rule 304(b) to September 7, 2020. | sec.gov |
| April 29, 2020 | Amendment | $25,000 | $1,070,000 | April 30, 2021 | The Form C is hereby amended to correct a scrivener's error. | sec.gov |
| April 28, 2020 | Offering | $25,000 | $1,070,000 | April 30, 2021 | sec.gov |
Updated April 11, 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.