Data / Crowdfunding / California / Tesseract Space, Inc.
Tesseract Space, Inc.: crowdfunding raise on Wefunder Portal LLC, $50,000 to $1,070,000 (2019)
Tesseract Space, Inc., a corporation in North Hills, CA, filed a Form C with the SEC on February 7, 2019 to raise $50,000 to $1,070,000 in Simple Agreement for Future Equity (SAFE) through Wefunder Portal LLC. The offering closed on February 6, 2019. In its most recent fiscal year it reported $90 in revenue and a net loss of $250,893, with 3 employees.
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- Website
- tesseract.space
- Funding portal
- Wefunder Portal LLC
- Address
- 16242 Plummer Street, North Hills, CA 91343
- Legal form
- Corporation
- Jurisdiction
- DE
- Incorporated
- May 15, 2017
- SEC CIK
- 0001732208
Offering terms
From the amendment filed February 7, 2019.
- Security
- Simple Agreement for Future Equity (SAFE)
- Price
- $1.00
- Target
- $50,000
- Maximum
- $1,070,000
- Deadline
- February 6, 2019
- Portal compensation
- 5.0% 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-U filed February 7, 2019.
| Most recent fiscal year | Prior fiscal year | Source | |
|---|---|---|---|
| Revenue | $90 | $0 | sec.gov |
| Cost of goods sold | $0 | $0 | sec.gov |
| Net income | $-250,893 | $0 | sec.gov |
| Taxes paid | $0 | $0 | sec.gov |
| Total assets | $272,432 | $0 | sec.gov |
| Cash | $272,432 | $0 | 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 |
|---|---|---|---|---|---|---|
| February 7, 2019 | Progress update | $50,000 | $1,070,000 | February 6, 2019 | $950,468.00 in investments. Payments are still being processed; final number is yet to be determined. | sec.gov |
| February 7, 2019 | Amendment | $50,000 | $1,070,000 | February 6, 2019 | Update deadline; add pro rata for major investors | sec.gov |
| April 6, 2018 | Offering | $50,000 | $1,070,000 | September 30, 2018 | sec.gov |
Updated February 7, 2019. 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.