Data / Crowdfunding / California / SolarGaps Inc.
SolarGaps Inc.: crowdfunding raise on PicMii Crowdfunding LLC, $10,000 to $512,000 (2024)
SolarGaps Inc., a corporation in Redwood City, CA, filed a Form C with the SEC on April 1, 2024 to raise $10,000 to $512,000 in Simple Agreement for Future Equity (SAFE) through PicMii Crowdfunding LLC. The offering closed on April 28, 2024. In its most recent fiscal year it reported $19,853 in revenue and a net loss of $524,015, with 12 employees.
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- Website
- solargaps.com
- Funding portal
- PicMii Crowdfunding LLC
- Address
- 541 JEFFERSON AVE SUITE 100, Redwood City, CA 94602
- Legal form
- Corporation
- Jurisdiction
- DE
- Incorporated
- August 15, 2016
- SEC CIK
- 0001894007
Offering terms
From the amendment filed April 1, 2024.
- Security
- Simple Agreement for Future Equity (SAFE)
- Price
- $1.00
- Target
- $10,000
- Maximum
- $512,000
- Deadline
- April 28, 2024
- Portal compensation
- Intermediary will receive 4.5% of the total raised amount.
Financials
From the Form C/A filed April 1, 2024.
| Most recent fiscal year | Prior fiscal year | Source | |
|---|---|---|---|
| Revenue | $19,853 | $17,427 | sec.gov |
| Cost of goods sold | $19,853 | $17,427 | sec.gov |
| Net income | $-524,015 | $-4,323 | sec.gov |
| Taxes paid | $0 | $0 | sec.gov |
| Total assets | $425,123 | $303,023 | sec.gov |
| Cash | $62,450 | $305 | sec.gov |
| Accounts receivable | $0 | $0 | sec.gov |
| Short-term debt | $124,338 | $146,827 | sec.gov |
| Long-term debt | $0 | $0 | sec.gov |
Filings
| Filed | Filing | Target | Maximum | Deadline | Note | Source |
|---|---|---|---|---|---|---|
| April 1, 2024 | Amendment | $10,000 | $512,000 | April 28, 2024 | Solargaps is extending their campaign to April 28, 2024. | sec.gov |
| November 21, 2023 | Amendment | $10,000 | $512,000 | April 1, 2024 | Solargaps is updating it's initial discount bonus to be for the first $50,000 invested instead of the first $400,000. No current investments are affected. | sec.gov |
| October 4, 2023 | Offering | $10,000 | $512,000 | April 1, 2024 | sec.gov | |
| May 1, 2023 | Annual report | Not listed | Not listed | sec.gov | ||
| February 27, 2023 | Progress update | $9,999 | $4,113,318 | February 28, 2023 | At the close of the offering, the issuer closed on $105,036.37 and 80,864 number of securities. | sec.gov |
| November 30, 2022 | Offering | $9,999 | $4,113,318 | February 28, 2023 | sec.gov | |
| October 7, 2022 | Progress update | $50,000 | $1,070,000 | April 30, 2022 | The final number is $886,728.00 in investments. | sec.gov |
| November 16, 2021 | Offering | $50,000 | $1,070,000 | April 30, 2022 | sec.gov |
Updated April 1, 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.