Data / Crowdfunding / Georgia / Switch Enterprises Inc.
Switch Enterprises Inc.: crowdfunding raise on StartEngine Capital, LLC, $14,999 to $546,000 (2023)
Switch Enterprises Inc., a corporation in Atlanta, GA, filed a Form C with the SEC on November 16, 2023 to raise $14,999 to $546,000 in Class B Common Stock through StartEngine Capital, LLC. The offering closed on February 14, 2024. In its most recent fiscal year it reported $0 in revenue and a net loss of $117,132, with 2 employees.
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- Website
- myswitchapp.com
- Funding portal
- StartEngine Capital, LLC
- Address
- 650 PONCE DE LEON AVE SUITE 300 #1349, Atlanta, GA 30308
- Legal form
- Corporation
- Jurisdiction
- DE
- Incorporated
- February 10, 2021
- SEC CIK
- 0001931368
Offering terms
From the offering filed November 16, 2023.
- Security
- Class B Common Stock
- Price
- $0.52
- Target
- $14,999
- Maximum
- $546,000
- Deadline
- February 14, 2024
- Portal compensation
- 7 - 13 percent
Financials
From the Form C-U filed February 22, 2024.
| Most recent fiscal year | Prior fiscal year | Source | |
|---|---|---|---|
| Revenue | $0 | $0 | sec.gov |
| Cost of goods sold | $0 | $0 | sec.gov |
| Net income | $-117,132 | $-20,727 | sec.gov |
| Taxes paid | $0 | $0 | sec.gov |
| Total assets | $4,951 | $100 | sec.gov |
| Cash | $4,201 | $100 | sec.gov |
| Accounts receivable | $749 | $0 | sec.gov |
| Short-term debt | $20,910 | $20,827 | sec.gov |
| Long-term debt | $72,000 | $0 | sec.gov |
Filings
| Filed | Filing | Target | Maximum | Deadline | Note | Source |
|---|---|---|---|---|---|---|
| February 22, 2024 | Progress update | $14,999 | $546,000 | February 14, 2024 | At the close of the offering, the issuer closed on $36,085.63 and 74,973 number of securities. | sec.gov |
| November 16, 2023 | Offering | $14,999 | $546,000 | February 14, 2024 | sec.gov | |
| October 24, 2023 | Annual report, amended | Not listed | Not listed | sec.gov | ||
| October 10, 2023 | Annual report | Not listed | Not listed | sec.gov | ||
| October 10, 2023 | Progress update | $50,000 | $500,000 | April 30, 2023 | At the close of the offering on 12/23/2022, the issuer closed on $72,000. | sec.gov |
| October 3, 2022 | Offering | $50,000 | $500,000 | April 30, 2023 | sec.gov |
Updated February 22, 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.