Data / Crowdfunding / Delaware / Toffee, Inc.
Toffee, Inc.: crowdfunding raise on Wefunder Portal LLC, $125,000 to $500,000 (2021)
Toffee, Inc., a corporation in Middletown, DE, filed a Form C with the SEC on December 6, 2021 to raise $125,000 to $500,000 in Simple Agreement for Future Equity (SAFE) through Wefunder Portal LLC. The offering closed on April 30, 2022. In its most recent fiscal year it reported $0 in revenue and a net loss of $129,280, with 3 employees.
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- Website
- sell.app
- Funding portal
- Wefunder Portal LLC
- Address
- 651 N Broad St Suite 206, Middletown, DE 19709
- Legal form
- Corporation
- Jurisdiction
- DE
- Incorporated
- April 23, 2020
- SEC CIK
- 0001829563
Offering terms
From the offering filed December 6, 2021.
- Security
- Simple Agreement for Future Equity (SAFE)
- Price
- $1.00
- Target
- $125,000
- Maximum
- $500,000
- Deadline
- April 30, 2022
- 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 28, 2022.
| Most recent fiscal year | Prior fiscal year | Source | |
|---|---|---|---|
| Revenue | $0 | $0 | sec.gov |
| Cost of goods sold | $0 | $0 | sec.gov |
| Net income | $-129,280 | $-427 | sec.gov |
| Taxes paid | $0 | $0 | sec.gov |
| Total assets | $199,584 | $303 | sec.gov |
| Cash | $199,584 | $303 | 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 |
|---|---|---|---|---|---|---|
| April 28, 2022 | Annual report | Not listed | Not listed | sec.gov | ||
| December 6, 2021 | Offering | $125,000 | $500,000 | April 30, 2022 | sec.gov | |
| December 3, 2021 | Progress update | $50,000 | $250,000 | April 30, 2022 | The final number is $181,350.00 in investments. | sec.gov |
| April 15, 2021 | Amendment | $50,000 | $250,000 | April 30, 2022 | Added 2020 financials and extended campaign deadline | sec.gov |
| March 1, 2021 | Amendment | $50,000 | $250,000 | April 30, 2021 | Increased funding target. | sec.gov |
| February 23, 2021 | Amendment | $50,000 | $163,000 | April 30, 2021 | Increased funding target. | sec.gov |
| February 16, 2021 | Amendment | $50,000 | $136,000 | April 30, 2021 | Extending the campaign deadline. | sec.gov |
| February 5, 2021 | Amendment | $50,000 | $136,000 | February 25, 2021 | Lowered max fundraising target | sec.gov |
| November 24, 2020 | Amendment | $50,000 | $1,070,000 | February 25, 2021 | Added lead investor | sec.gov |
| October 23, 2020 | Offering | $50,000 | $1,070,000 | February 25, 2021 | sec.gov |
Updated April 28, 2022. 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.