Data / Crowdfunding / California / TransSiP, Inc.
TransSiP, Inc.: crowdfunding raise on StartEngine Capital, LLC, $9,997 to $1,234,998 (2023)
TransSiP, Inc., a corporation in Irvine, CA, filed a Form C with the SEC on May 24, 2023 to raise $9,997 to $1,234,998 in common stock through StartEngine Capital, LLC. The offering closed on July 31, 2023. In its most recent fiscal year it reported $119,644 in revenue and a net loss of $104,529, with 1 employees.
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- Website
- transsip.com
- Funding portal
- StartEngine Capital, LLC
- Address
- 52 FULL MOON, Irvine, CA 92618
- Legal form
- Corporation
- Jurisdiction
- CA
- Incorporated
- February 20, 2014
- SEC CIK
- 0001960351
Offering terms
From the amendment filed May 24, 2023.
- Security
- Common Stock
- Price
- $3.28
- Target
- $9,997
- Maximum
- $1,234,998
- Deadline
- July 31, 2023
- Portal compensation
- Up to 9% percent
Financials
From the Form C-U filed October 16, 2023.
| Most recent fiscal year | Prior fiscal year | Source | |
|---|---|---|---|
| Revenue | $119,644 | $440,857 | sec.gov |
| Cost of goods sold | $73,705 | $202,007 | sec.gov |
| Net income | $-104,529 | $110,833 | sec.gov |
| Taxes paid | $0 | $0 | sec.gov |
| Total assets | $70,847 | $218,400 | sec.gov |
| Cash | $53,747 | $104,550 | sec.gov |
| Accounts receivable | $0 | $106,800 | sec.gov |
| Short-term debt | $39,995 | $83,019 | sec.gov |
| Long-term debt | $62,700 | $62,700 | sec.gov |
Filings
| Filed | Filing | Target | Maximum | Deadline | Note | Source |
|---|---|---|---|---|---|---|
| March 25, 2024 | Termination of reporting | Not listed | Not listed | sec.gov | ||
| October 16, 2023 | Progress update | $9,997 | $1,234,998 | July 31, 2023 | Adjustment to the initial Form C-U filing of 2023-08-01. At the close of the offering, the issuer closed on $638,495.80 and 227,424 number of securities. | sec.gov |
| August 1, 2023 | Progress update | $9,997 | $1,234,998 | July 31, 2023 | At the close of the offering, the issuer closed on $245,865.55 and 83,949 number of securities. | sec.gov |
| May 24, 2023 | Amendment | $9,997 | $1,234,998 | July 31, 2023 | Issuer is extending their campaign end date | sec.gov |
| April 26, 2023 | Amendment | $9,997 | $1,234,998 | June 1, 2023 | Issuer is extending their end date and updating their financials | sec.gov |
| April 24, 2023 | Annual report | Not listed | Not listed | sec.gov | ||
| March 20, 2023 | Amendment | $9,997 | $1,234,998 | April 30, 2023 | Issuer is extending their campaign end date | sec.gov |
| January 23, 2023 | Offering | $9,997 | $1,234,998 | March 24, 2023 | sec.gov |
Updated March 25, 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.