Data / Crowdfunding / New York / Swift Rails, Inc.
Swift Rails, Inc.: crowdfunding raise on Wefunder Portal LLC, $50,006 to $614,999 (2023)
Swift Rails, Inc., a corporation in Lancaster, NY, filed a Form C with the SEC on November 17, 2023 to raise $50,006 to $614,999 in preferred stock through Wefunder Portal LLC. The offering closed on April 29, 2024. In its most recent fiscal year it reported $215,906 in revenue and a net loss of $507,650, with 8 employees.
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- Website
- www.swiftrails.com
- Funding portal
- Wefunder Portal LLC
- Address
- 340 PLEASANT VIEW DRIVE, Lancaster, NY 14086
- Legal form
- Corporation
- Jurisdiction
- DE
- Incorporated
- September 18, 2019
- SEC CIK
- 0001821195
Offering terms
From the offering filed November 17, 2023.
- Security
- Preferred Stock
- Price
- $11.00
- Target
- $50,006
- Maximum
- $614,999
- Deadline
- April 29, 2024
- Portal compensation
- 7.5% 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 April 9, 2025.
| Most recent fiscal year | Prior fiscal year | Source | |
|---|---|---|---|
| Revenue | $215,906 | $22,262 | sec.gov |
| Cost of goods sold | $0 | $0 | sec.gov |
| Net income | $-507,650 | $-402,932 | sec.gov |
| Taxes paid | $0 | $0 | sec.gov |
| Total assets | $198,891 | $368,989 | sec.gov |
| Cash | $24,534 | $192,029 | sec.gov |
| Accounts receivable | $22,063 | $27,623 | sec.gov |
| Short-term debt | $172,984 | $12,286 | sec.gov |
| Long-term debt | $0 | $156,122 | sec.gov |
Filings
| Filed | Filing | Target | Maximum | Deadline | Note | Source |
|---|---|---|---|---|---|---|
| April 9, 2025 | Termination of reporting | Not listed | Not listed | sec.gov | ||
| April 9, 2025 | Annual report | Not listed | Not listed | sec.gov | ||
| April 23, 2024 | Annual report | Not listed | Not listed | sec.gov | ||
| November 17, 2023 | Offering | $50,006 | $614,999 | April 29, 2024 | sec.gov | |
| April 26, 2023 | Annual report | Not listed | Not listed | sec.gov | ||
| March 16, 2022 | Offering | $50,004 | $534,996 | April 30, 2023 | sec.gov | |
| March 15, 2022 | Annual report | Not listed | Not listed | sec.gov | ||
| April 20, 2021 | Amendment | $50,000 | $1,069,995 | April 30, 2022 | Adding 2020 CPA-reviewed GAAP financials and extending offering. | sec.gov |
| August 14, 2020 | Offering | $50,000 | $1,069,995 | December 2, 2020 | sec.gov |
Also on SpecStream
Updated April 9, 2025. 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.