Data / Crowdfunding / California / Teooh, Inc.
Teooh, Inc.: crowdfunding raise on OpenDeal Portal LLC, $25,000 to $1,070,000 (2020)
Teooh, Inc., a corporation in San Francisco, CA, filed a Form C with the SEC on June 1, 2020 to raise $25,000 to $1,070,000 in Crowd Safe Units of SAFE (Simple Agreement for Future Equity). through OpenDeal Portal LLC. The offering closed on July 1, 2020. In its most recent fiscal year it reported $0 in revenue and a net loss of $1,611,679, with 8 employees.
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- Website
- www.teooh.com
- Funding portal
- OpenDeal Portal LLC
- Address
- 3749 FILLMORE ST., San Francisco, CA 94123
- Legal form
- Corporation
- Jurisdiction
- DE
- Incorporated
- August 2, 2018
- SEC CIK
- 0001802096
Offering terms
From the amendment filed June 1, 2020.
- Security
- Crowd Safe Units of SAFE (Simple Agreement for Future Equity).
- Price
- $1.00
- Target
- $25,000
- Maximum
- $1,070,000
- Deadline
- July 1, 2020
- Portal compensation
- 6% of the amount raised in the offering.
Financials
From the Form C-U filed June 22, 2020.
| Most recent fiscal year | Prior fiscal year | Source | |
|---|---|---|---|
| Revenue | $0 | $0 | sec.gov |
| Cost of goods sold | $0 | $0 | sec.gov |
| Net income | $-1,611,679 | $-217,638 | sec.gov |
| Taxes paid | $0 | $0 | sec.gov |
| Total assets | $621,701 | $993,331 | sec.gov |
| Cash | $578,795 | $974,922 | sec.gov |
| Accounts receivable | $0 | $0 | sec.gov |
| Short-term debt | $60,627 | $85,879 | sec.gov |
| Long-term debt | $0 | $0 | sec.gov |
Filings
| Filed | Filing | Target | Maximum | Deadline | Note | Source |
|---|---|---|---|---|---|---|
| June 22, 2020 | Progress update | $25,000 | $1,070,000 | July 1, 2020 | The Offering closed successfully on June 13, 2020, having received investment commitments of $607,939, although a final accounting has not taken place. | sec.gov |
| June 1, 2020 | Amendment | $25,000 | $1,070,000 | July 1, 2020 | The Form C filed by the Company on February 25, 2020 is hereby amended and superseded in its entirety by this Form C/A to (i) change the Offering Deadline to June 11, 2020, and (ii) provide details regarding new offerings of the Company's securities. | sec.gov |
| February 25, 2020 | Offering | $25,000 | $1,070,000 | July 1, 2020 | sec.gov |
Updated June 22, 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.