Data / Crowdfunding / Texas / Solubag USA, inc
Solubag USA, inc: crowdfunding raise on MICROVENTURE MARKETPLACE INC., $25,000 to $1,235,000 (2024)
Solubag USA, inc, a corporation in Hallandale Beach, TX, filed a Form C with the SEC on February 12, 2024 to raise $25,000 to $1,235,000 in CROWD NOTES through MICROVENTURE MARKETPLACE INC.. The offering closed on April 29, 2024. In its most recent fiscal year it reported $350,133 in revenue and a net loss of $617,204, with 3 employees.
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- Website
- www.solubagusa.com
- Funding portal
- MICROVENTURE MARKETPLACE INC.
- Address
- 317 NW 10TH TERRACE, Hallandale Beach, TX 33009
- Legal form
- Corporation
- Jurisdiction
- FL
- Incorporated
- December 29, 2021
- SEC CIK
- 0001979947
Offering terms
From the amendment filed February 12, 2024.
- Security
- CROWD NOTES
- Price
- $1.00
- Target
- $25,000
- Maximum
- $1,235,000
- Deadline
- April 29, 2024
- Portal compensation
- THE ISSUER SHALL PAY TO THE INTERMEDIARY AT THE CONCLUSION OF THE OFFERING A FEE CONSISTING OF 5% COMMISSION BASED ON THE AMOUNT OF INVESTMENTS RAISED IN THE OFFERING AND PAID UPON DISBURSEMENT OF FUNDS FROM ESCROW AT THE TIME OF CLOSING.
Financials
From the Form C-U filed May 2, 2024.
| Most recent fiscal year | Prior fiscal year | Source | |
|---|---|---|---|
| Revenue | $350,133 | $20,937 | sec.gov |
| Cost of goods sold | $330,695 | $75,507 | sec.gov |
| Net income | $-617,204 | $-877,243 | sec.gov |
| Taxes paid | $300 | $48,691 | sec.gov |
| Total assets | $353,364 | $574,789 | sec.gov |
| Cash | $176,183 | $220,539 | sec.gov |
| Accounts receivable | $117,410 | $136,529 | sec.gov |
| Short-term debt | $218,423 | $97,643 | sec.gov |
| Long-term debt | $0 | $0 | sec.gov |
Filings
| Filed | Filing | Target | Maximum | Deadline | Note | Source |
|---|---|---|---|---|---|---|
| May 2, 2024 | Progress update | $25,000 | $1,235,000 | April 29, 2024 | $171,647.00 INVESTMENTS RECEIVED. PAYMENTS TILL PROCESSING; FINAL FIGURE NOT YET DETERMINED. | sec.gov |
| February 12, 2024 | Amendment | $25,000 | $1,235,000 | April 29, 2024 | AMENDING TO EXTEND OFFERING DEADLINE, TO UPDATE FINANCIAL INFORMATION, TO UPDATE THE PITCH DECK, AND TO UPDATE TRANSACTIONS BY RELATED PARTIES. | sec.gov |
| November 13, 2023 | Amendment | $25,000 | $1,235,000 | February 12, 2024 | AMENDING TO EXTEND OFFERING DEADLINE, TO UPDATE FINANCIAL INFORMATION, AND TO UPDATE TRANSACTIONS BY RELATED PARTIES. | sec.gov |
| August 23, 2023 | Amendment | $25,000 | $1,235,000 | November 13, 2023 | AMENDING TO INCLUDE WEBINAR TRANSCRIPT | sec.gov |
| June 16, 2023 | Offering | $25,000 | $1,235,000 | November 13, 2023 | sec.gov |
Also on SpecStream
Updated May 2, 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.