Data / Crowdfunding / Oregon / Speak Technologies Inc.
Speak Technologies Inc.: crowdfunding raise on Wefunder Portal LLC, $350,000 to $1,070,000 (2020)
Speak Technologies Inc., a corporation in Clackamas, OR, filed a Form C with the SEC on July 15, 2020 to raise $350,000 to $1,070,000 in Simple Agreement for Future Equity (SAFE) through Wefunder Portal LLC. The offering closed on July 30, 2020. In its most recent fiscal year it reported $0 in revenue and a net loss of $58,586, with 5 employees.
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- Website
- getalbi.com
- Funding portal
- Wefunder Portal LLC
- Address
- PO Box 2855, Clackamas, OR 97015
- Legal form
- Corporation
- Jurisdiction
- OR
- Incorporated
- July 19, 2018
- SEC CIK
- 0001810416
Offering terms
From the amendment filed July 15, 2020.
- Security
- Simple Agreement for Future Equity (SAFE)
- Price
- $1.00
- Target
- $350,000
- Maximum
- $1,070,000
- Deadline
- July 30, 2020
- 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/A filed July 15, 2020.
| Most recent fiscal year | Prior fiscal year | Source | |
|---|---|---|---|
| Revenue | $0 | $0 | sec.gov |
| Cost of goods sold | $0 | $0 | sec.gov |
| Net income | $-58,586 | $-24,320 | sec.gov |
| Taxes paid | $0 | $0 | sec.gov |
| Total assets | $70,064 | $27,650 | sec.gov |
| Cash | $70,064 | $27,650 | sec.gov |
| Accounts receivable | $0 | $0 | sec.gov |
| Short-term debt | $0 | $0 | sec.gov |
| Long-term debt | $0 | $0 | sec.gov |
Filings
| Filed | Filing | Target | Maximum | Deadline | Note | Source |
|---|---|---|---|---|---|---|
| July 15, 2020 | Amendment | $350,000 | $1,070,000 | July 30, 2020 | Naming Chris Graebe as the Lead Investor | sec.gov |
| July 1, 2020 | Amendment | $350,000 | $1,070,000 | August 28, 2020 | Non-material amendment, removing erroneous prior Regulation Crowdfunding round. | sec.gov |
| June 9, 2020 | Amendment | $350,000 | $1,070,000 | August 28, 2020 | Material Amendment - Adding Lead Investor, increasing maximum | sec.gov |
| April 28, 2020 | Offering | $350,000 | $600,000 | August 28, 2020 | sec.gov |
Updated July 15, 2020. 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.