Data / Crowdfunding / Texas / SweatPals Inc.
SweatPals Inc.: crowdfunding raise on Wefunder Portal LLC, $50,000 to $550,000 (2024)
SweatPals Inc., a corporation in Austin, TX, filed a Form C with the SEC on April 2, 2024 to raise $50,000 to $550,000 in Simple Agreement for Future Equity (SAFE) through Wefunder Portal LLC. The offering closed on April 29, 2024. In its most recent fiscal year it reported $12,367 in revenue and a net loss of $425,675, with 5 employees.
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- Website
- sweatpals.com
- Funding portal
- Wefunder Portal LLC
- Address
- 4810 RUSSET HILL DR, Austin, TX 78723
- Legal form
- Corporation
- Jurisdiction
- DE
- Incorporated
- September 21, 2021
- SEC CIK
- 0002010177
Offering terms
From the amendment filed April 2, 2024.
- Security
- Simple Agreement for Future Equity (SAFE)
- Price
- $1.00
- Target
- $50,000
- Maximum
- $550,000
- Deadline
- April 29, 2024
- Portal compensation
- <p>6.9% 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.</p>
Financials
From the Form C/A filed April 2, 2024.
| Most recent fiscal year | Prior fiscal year | Source | |
|---|---|---|---|
| Revenue | $12,367 | $0 | sec.gov |
| Cost of goods sold | $0 | $0 | sec.gov |
| Net income | $-425,675 | $0 | sec.gov |
| Taxes paid | $0 | $0 | sec.gov |
| Total assets | $205,204 | $0 | sec.gov |
| Cash | $205,204 | $0 | sec.gov |
| Accounts receivable | $0 | $0 | sec.gov |
| Short-term debt | $0 | $0 | sec.gov |
| Long-term debt | $630,879 | $0 | sec.gov |
Filings
| Filed | Filing | Target | Maximum | Deadline | Note | Source |
|---|---|---|---|---|---|---|
| April 2, 2024 | Amendment | $50,000 | $550,000 | April 29, 2024 | Lowering Wefunder intermediary fee | sec.gov |
| February 1, 2024 | Offering | $50,000 | $550,000 | April 29, 2024 | sec.gov |
Also on SpecStream
Updated April 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.