Data / Crowdfunding / California / SapientX Inc.
SapientX Inc.: crowdfunding raise on Wefunder Portal LLC, $50,000 to $1,999,999 (2024)
SapientX Inc., a corporation in Santa Cruz, CA, filed a Form C with the SEC on April 29, 2024 to raise $50,000 to $1,999,999 in preferred stock through Wefunder Portal LLC. The offering closed on December 31, 2024. In its most recent fiscal year it reported $34,100 in revenue and a net loss of $827,193, with 1 employees.
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- Website
- www.sapientx.com
- Funding portal
- Wefunder Portal LLC
- Address
- 4600 Smith Grade Road, Santa Cruz, CA 95060
- Legal form
- Corporation
- Jurisdiction
- DE
- Incorporated
- April 6, 2016
- SEC CIK
- 0001742055
Offering terms
From the amendment filed April 29, 2024.
- Security
- Preferred Stock
- Price
- $0.65
- Target
- $50,000
- Maximum
- $1,999,999
- Deadline
- December 31, 2024
- Portal compensation
- 7.5% 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 April 29, 2024.
| Most recent fiscal year | Prior fiscal year | Source | |
|---|---|---|---|
| Revenue | $34,100 | $0 | sec.gov |
| Cost of goods sold | $0 | $0 | sec.gov |
| Net income | $-827,193 | $-1,088,795 | sec.gov |
| Taxes paid | $0 | $0 | sec.gov |
| Total assets | $88,955 | $1,011,556 | sec.gov |
| Cash | $65,196 | $875,580 | sec.gov |
| Accounts receivable | $6,810 | $0 | sec.gov |
| Short-term debt | $34,285 | $210,173 | sec.gov |
| Long-term debt | $0 | $0 | sec.gov |
Filings
| Filed | Filing | Target | Maximum | Deadline | Note | Source |
|---|---|---|---|---|---|---|
| April 29, 2024 | Amendment | $50,000 | $1,999,999 | December 31, 2024 | Adding 2023 financials, extending campaign, and lowering the max target. | sec.gov |
| December 18, 2023 | Offering | $50,000 | $617,999 | April 29, 2024 | sec.gov | |
| January 27, 2023 | Termination of reporting | Not listed | Not listed | sec.gov | ||
| December 1, 2022 | Progress update | $9,999 | $4,177,800 | November 28, 2022 | At the close of the offering, the issuer closed on $1,723,370.24 and 2,563,190 number of securities. | sec.gov |
| September 23, 2022 | Amendment | $9,999 | $4,177,800 | November 28, 2022 | Issuer is extending campaign end date. | sec.gov |
| July 29, 2022 | Amendment | $9,999 | $4,177,800 | September 27, 2022 | Issuer is extending campaign end date. | sec.gov |
| July 21, 2022 | Amendment | $9,999 | $4,177,800 | July 29, 2022 | Issuer is updating runway information in Financials to remove clerical error | sec.gov |
| May 31, 2022 | Annual report | Not listed | Not listed | sec.gov | ||
| May 27, 2022 | Amendment | $9,999 | $4,177,800 | July 29, 2022 | Issuer is updating financials and extending offering by 60 days | sec.gov |
| May 27, 2022 | Amendment | $9,999 | $4,177,800 | July 29, 2022 | Issuer is updating financials and extending offering by 60 days | sec.gov |
| May 27, 2022 | Amendment | $9,999 | $4,177,800 | July 29, 2022 | Issuer is updating financials and extending offering by 60 days | sec.gov |
| December 16, 2021 | Offering | $9,999 | $4,177,800 | May 30, 2022 | sec.gov | |
| December 6, 2021 | Annual report | Not listed | Not listed | sec.gov | ||
| December 6, 2021 | Progress update | $50,000 | $1,069,999 | May 30, 2021 | At the close of the offering, the issuer closed on $822,198.00 and 1,281,000 number of securities. | sec.gov |
| April 1, 2021 | Amendment | $50,000 | $1,069,999 | May 30, 2021 | Extending campaign deadline. | sec.gov |
| October 14, 2020 | Amendment | $50,000 | $1,069,999 | December 2, 2020 | Adding audited financials and increasing max to $1,069,999.91. | sec.gov |
| August 6, 2020 | Amendment | $50,000 | $534,999 | October 2, 2020 | Material amendment - adding lead investor. | sec.gov |
| June 24, 2020 | Amendment | $50,000 | $534,999 | October 2, 2020 | Material amendment - adding CPA-reviewed financial statements. | sec.gov |
| June 10, 2020 | Offering | $50,000 | $534,999 | October 2, 2020 | sec.gov | |
| April 30, 2020 | Annual report | Not listed | Not listed | sec.gov | ||
| April 29, 2019 | Annual report | Not listed | Not listed | sec.gov | ||
| November 5, 2018 | Progress update | $25,000 | $1,070,000 | November 2, 2018 | The issuer raised approximately $325,000 during the offering period. Payments are still being processed; the exact amount has yet to be determined. | sec.gov |
| September 5, 2018 | Offering | $25,000 | $1,070,000 | November 2, 2018 | sec.gov |
Updated April 29, 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.