Data / Crowdfunding / California / Serve Automation, Inc.
Serve Automation, Inc.: crowdfunding raise on Wefunder Portal LLC, $500,000 to $1,235,000 (2023)
Serve Automation, Inc., a corporation in Hawthorne, CA, filed a Form C with the SEC on November 16, 2023 to raise $500,000 to $1,235,000 in Simple Agreement for Future Equity (SAFE) through Wefunder Portal LLC. The offering closed on April 29, 2024. In its most recent fiscal year it reported $2,169 in revenue and a net loss of $9,851,615, with 51 employees.
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- Website
- eatstellarpizza.com
- Funding portal
- Wefunder Portal LLC
- Address
- 12700 Yukon Ave, Hawthorne, CA 90250
- Legal form
- Corporation
- Jurisdiction
- DE
- Incorporated
- February 12, 2019
- SEC CIK
- 0001823035
Offering terms
From the offering filed November 16, 2023.
- Security
- Simple Agreement for Future Equity (SAFE)
- Price
- $1.00
- Target
- $500,000
- Maximum
- $1,235,000
- Deadline
- April 29, 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 filed November 16, 2023.
| Most recent fiscal year | Prior fiscal year | Source | |
|---|---|---|---|
| Revenue | $2,169 | $0 | sec.gov |
| Cost of goods sold | $0 | $0 | sec.gov |
| Net income | $-9,851,615 | $-5,894,056 | sec.gov |
| Taxes paid | $0 | $0 | sec.gov |
| Total assets | $7,852,380 | $697,590 | sec.gov |
| Cash | $6,712,727 | $414,334 | sec.gov |
| Accounts receivable | $0 | $0 | sec.gov |
| Short-term debt | $579,001 | $428,103 | sec.gov |
| Long-term debt | $354,272 | $0 | sec.gov |
Filings
| Filed | Filing | Target | Maximum | Deadline | Note | Source |
|---|---|---|---|---|---|---|
| November 16, 2023 | Offering | $500,000 | $1,235,000 | April 29, 2024 | sec.gov |
Updated November 16, 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.