Data / Crowdfunding / Florida / Space 3, Inc.
Space 3, Inc.: crowdfunding raise on Wefunder Portal LLC, $49,999 to $2,000,000 (2022)
Space 3, Inc., a corporation in Fernandina Beach, FL, filed a Form C with the SEC on January 24, 2022 to raise $49,999 to $2,000,000 in preferred stock through Wefunder Portal LLC. The offering closed on October 28, 2022. In its most recent fiscal year it reported $53,720 in revenue and a net loss of $2,660,567, with 9 employees.
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- Website
- myvel.com
- Funding portal
- Wefunder Portal LLC
- Address
- 1417 Sadler Road Suite 412, Fernandina Beach, FL 32034
- Legal form
- Corporation
- Jurisdiction
- DE
- Incorporated
- September 17, 2020
- SEC CIK
- 0001849679
Offering terms
From the offering filed January 24, 2022.
- Security
- Preferred Stock
- Price
- $0.68
- Target
- $49,999
- Maximum
- $2,000,000
- Deadline
- October 28, 2022
- Portal compensation
- 6.5% 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-AR filed November 6, 2024.
| Most recent fiscal year | Prior fiscal year | Source | |
|---|---|---|---|
| Revenue | $53,720 | $55,412 | sec.gov |
| Cost of goods sold | $13,279 | $9,345 | sec.gov |
| Net income | $-2,660,567 | $-1,113,158 | sec.gov |
| Taxes paid | $0 | $0 | sec.gov |
| Total assets | $1,618,858 | $1,303,995 | sec.gov |
| Cash | $321,183 | $76,080 | sec.gov |
| Accounts receivable | $0 | $0 | sec.gov |
| Short-term debt | $35,433 | $0 | sec.gov |
| Long-term debt | $0 | $474,000 | sec.gov |
Filings
| Filed | Filing | Target | Maximum | Deadline | Note | Source |
|---|---|---|---|---|---|---|
| November 6, 2024 | Annual report | Not listed | Not listed | sec.gov | ||
| January 24, 2022 | Offering | $49,999 | $2,000,000 | October 28, 2022 | sec.gov |
Also on SpecStream
Updated November 6, 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.