Data / Crowdfunding / California / Saleen Automotive, Inc.
Saleen Automotive, Inc.: crowdfunding raise on Wefunder Portal LLC, $50,000 to $124,000 (2026)
Saleen Automotive, Inc., a corporation in Corona, CA, filed a Form C with the SEC on September 28, 2026 to raise $50,000 to $124,000 in Simple Agreement for Future Equity (SAFE) through Wefunder Portal LLC. The offering closes on July 29, 2027. In its most recent fiscal year it reported $3,573,111 in revenue and a net loss of $1,049,875, with 16 employees.
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- Website
- www.saleen.com
- Funding portal
- Wefunder Portal LLC
- Address
- 2735 Wardlow Road, Corona, CA 92882
- Legal form
- Corporation
- Jurisdiction
- DE
- Incorporated
- August 6, 2021
- SEC CIK
- 0001528098
Offering terms
From the amendment filed September 28, 2026.
- Security
- Simple Agreement for Future Equity (SAFE)
- Price
- $1.00
- Target
- $50,000
- Maximum
- $124,000
- Deadline
- July 29, 2027
- Portal compensation
- 6.9% of the offering amount upon a successful fundraise, and be entitled to reimbursement for out-of-pocket third party expenses it pays or incurs on behalf of the Issuer in connection with the offering.
Financials
From the Form C/A filed September 28, 2026.
| Most recent fiscal year | Prior fiscal year | Source | |
|---|---|---|---|
| Revenue | $3,573,111 | $2,844,890 | sec.gov |
| Cost of goods sold | $2,014,542 | $2,539,202 | sec.gov |
| Net income | $-1,049,875 | $-4,668,328 | sec.gov |
| Taxes paid | $2,400 | $2,400 | sec.gov |
| Total assets | $4,033,134 | $4,339,669 | sec.gov |
| Cash | $57,154 | $50,926 | sec.gov |
| Accounts receivable | $22,643 | $7,499 | sec.gov |
| Short-term debt | $13,270,167 | $12,323,956 | sec.gov |
| Long-term debt | $2,350,173 | $2,753,044 | sec.gov |
Filings
| Filed | Filing | Target | Maximum | Deadline | Note | Source |
|---|---|---|---|---|---|---|
| September 28, 2026 | Amendment | $50,000 | $124,000 | July 29, 2027 | Removal of two officers. | sec.gov |
| August 27, 2026 | Offering | $50,000 | $124,000 | July 29, 2027 | sec.gov | |
| July 22, 2026 | Progress update | $10,000 | $124,000 | July 31, 2026 | The issuer did not reach its target offering amount of $10,000 by the offering deadline. No securities were sold. All investor commitments were cancelled and investor funds were returned. | sec.gov |
| June 5, 2026 | Annual report, amended | Not listed | Not listed | sec.gov | ||
| June 1, 2026 | Offering | $10,000 | $124,000 | July 31, 2026 | sec.gov | |
| February 25, 2026 | Annual report | Not listed | Not listed | sec.gov | ||
| May 7, 2024 | Offering | $10,000 | $3,945,313 | July 29, 2024 | sec.gov | |
| May 3, 2024 | Annual report | Not listed | Not listed | sec.gov | ||
| April 22, 2024 | Progress update | $15,000 | $1,235,000 | October 5, 2023 | Adjustment to the initial Form C-U filing of 2023-10-16. At the close of the offering, the issuer closed on $1,054,686.39 and 916,903 number of securities. | sec.gov |
| October 16, 2023 | Progress update | $15,000 | $1,235,000 | October 5, 2023 | At the close of the offering, the issuer closed on $909,178.26 and 794,736 number of securities. | sec.gov |
| September 5, 2023 | Amendment | $15,000 | $1,235,000 | October 5, 2023 | Issuer is moving their end date closer | sec.gov |
| July 11, 2023 | Offering | $15,000 | $1,235,000 | October 9, 2023 | sec.gov |
Updated September 28, 2026. 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.