Data / Crowdfunding / California / Snowball Finance, Inc.
Snowball Finance, Inc.: crowdfunding raise on OpenDeal Portal LLC, $25,000 to $600,000 (2020)
Snowball Finance, Inc., a corporation in Vacaville, CA, filed a Form C with the SEC on May 12, 2020 to raise $25,000 to $600,000 in Crowd Safe Units of SAFE (Simple Agreement for Future Equity). through OpenDeal Portal LLC. The offering closed on July 23, 2020. In its most recent fiscal year it reported $328 in revenue and a net loss of $14,949, with 4 employees.
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- Website
- snowball.money
- Funding portal
- OpenDeal Portal LLC
- Address
- 937 MIMOSA DRIVE, Vacaville, CA 95687
- Legal form
- Corporation
- Jurisdiction
- DE
- Incorporated
- May 25, 2018
- SEC CIK
- 0001808830
Offering terms
From the amendment filed May 12, 2020.
- Security
- Crowd Safe Units of SAFE (Simple Agreement for Future Equity).
- Price
- $1.00
- Target
- $25,000
- Maximum
- $600,000
- Deadline
- July 23, 2020
- Portal compensation
- 6% of the amount raised in the Offering.
Financials
From the Form C-AR filed April 29, 2022.
| Most recent fiscal year | Prior fiscal year | Source | |
|---|---|---|---|
| Revenue | $328 | $0 | sec.gov |
| Cost of goods sold | $302 | $4,000 | sec.gov |
| Net income | $-14,949 | $-436,648 | sec.gov |
| Taxes paid | $0 | $0 | sec.gov |
| Total assets | $480,705 | $520,093 | sec.gov |
| Cash | $177,269 | $8,598 | sec.gov |
| Accounts receivable | $0 | $0 | sec.gov |
| Short-term debt | $52,232 | $26,545 | sec.gov |
| Long-term debt | $5,437 | $10,562 | sec.gov |
Filings
| Filed | Filing | Target | Maximum | Deadline | Note | Source |
|---|---|---|---|---|---|---|
| April 29, 2022 | Termination of reporting | Not listed | Not listed | sec.gov | ||
| April 29, 2022 | Annual report | Not listed | Not listed | sec.gov | ||
| July 30, 2020 | Progress update | $25,000 | $600,000 | July 23, 2020 | "The Offering closed successfully on 7/24/2020, having received investment commitments of $600,000, although a final accounting has not taken place." | sec.gov |
| May 12, 2020 | Amendment | $25,000 | $600,000 | July 23, 2020 | This Form C/A is filed to attach the financials that were not properly attached to the previous Form C/A. | sec.gov |
| May 8, 2020 | Amendment | $25,000 | $600,000 | July 23, 2020 | The Offering Deadline has been changed. | sec.gov |
| May 7, 2020 | Offering | $25,000 | $600,000 | November 6, 2020 | sec.gov |
Updated April 29, 2022. 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.