Data / Crowdfunding / California / SeaRasa Innovations Inc.
SeaRasa Innovations Inc.: crowdfunding raise on DEALMAKER SECURITIES LLC, $10,000 to $1,234,999 (2024)
SeaRasa Innovations Inc., a corporation in San Francisco, CA, filed a Form C with the SEC on June 18, 2024 to raise $10,000 to $1,234,999 in common stock through DEALMAKER SECURITIES LLC. The offering closed on July 7, 2024. In its most recent fiscal year it reported $278,058 in revenue and a net loss of $873,232, with 4 employees.
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- Website
- www.getrootless.com
- Funding portal
- DEALMAKER SECURITIES LLC
- Address
- 2500 CHESTNUT ST, #2, San Francisco, CA 94123
- Legal form
- Corporation
- Jurisdiction
- DE
- Incorporated
- February 18, 2021
- SEC CIK
- 0002012683
Offering terms
From the amendment filed June 18, 2024.
- Security
- Common Stock
- Price
- $0.80
- Target
- $10,000
- Maximum
- $1,234,999
- Deadline
- July 7, 2024
- Portal compensation
- At closing, the Intermediary will charge an 8.5% cash commission based on the dollar amount of the Securities sold in the Offering and paid upon disbursement of funds from escrow. There is also a $15,000 advance setup fee and a $4,000 monthly fee.
Financials
From the Form C-AR/A filed April 28, 2025.
| Most recent fiscal year | Prior fiscal year | Source | |
|---|---|---|---|
| Revenue | $278,058 | $324,097 | sec.gov |
| Cost of goods sold | $273,611 | $231,843 | sec.gov |
| Net income | $-873,232 | $-1,019,501 | sec.gov |
| Taxes paid | $2,281 | $1,034 | sec.gov |
| Total assets | $216,753 | $381,384 | sec.gov |
| Cash | $152,923 | $143,215 | sec.gov |
| Accounts receivable | $0 | $220 | sec.gov |
| Short-term debt | $28,279 | $0 | sec.gov |
| Long-term debt | $0 | $2,816,667 | sec.gov |
Filings
| Filed | Filing | Target | Maximum | Deadline | Note | Source |
|---|---|---|---|---|---|---|
| April 28, 2025 | Annual report, amended | Not listed | Not listed | sec.gov | ||
| April 22, 2025 | Annual report | Not listed | Not listed | sec.gov | ||
| July 30, 2024 | Progress update | $10,000 | $1,234,999 | July 7, 2024 | This Form C-U shall serve as an update regarding the offering that ended July 7, 2024. The final accounting indicates that the total amount raised was $313,123.38. | sec.gov |
| June 18, 2024 | Amendment | $10,000 | $1,234,999 | July 7, 2024 | Updates to the eligibility for bonus shares. | sec.gov |
| May 20, 2024 | Amendment | $10,000 | $1,234,999 | July 7, 2024 | Adding investment perks (limited-time bonus shares) to page 22 of the Offering Statement | sec.gov |
| April 29, 2024 | Amendment | $10,000 | $1,234,999 | July 7, 2024 | Updating the company's financials for the year 2023 and the minimum investment amount per investor effective as of April 29, 2024 | sec.gov |
| March 22, 2024 | Amendment | $10,000 | $1,234,999 | July 7, 2024 | Updating minimum investment amount per investor effective as of March 22, 2024 | sec.gov |
| March 8, 2024 | Offering | $10,000 | $1,234,999 | July 7, 2024 | sec.gov |
Updated April 28, 2025. 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.