Data / Crowdfunding / Georgia / Unbanked, Inc.
Unbanked, Inc.: crowdfunding raise on StartEngine Capital, LLC, $10,000 to $2,764,218 (2023)
Unbanked, Inc., a corporation in Alpharetta, GA, filed a Form C with the SEC on January 4, 2023 to raise $10,000 to $2,764,218 in CCrowdfunding Simple Agreement for Future Equity through StartEngine Capital, LLC. The offering closed on April 14, 2023. In its most recent fiscal year it reported $19,850,760 in revenue and a net loss of $114,063, with 32 employees.
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- Website
- unbanked.com
- Funding portal
- StartEngine Capital, LLC
- Address
- 3010 HAVEN RESERVE, Alpharetta, GA 30004
- Legal form
- Corporation
- Jurisdiction
- DE
- Incorporated
- January 1, 2018
- SEC CIK
- 0001730695
Offering terms
From the offering filed January 4, 2023.
- Security
- CCrowdfunding Simple Agreement for Future Equity
- Target
- $10,000
- Maximum
- $2,764,218
- Deadline
- April 14, 2023
- Portal compensation
- Up to 9% percent
Financials
From the Form C-U filed April 18, 2023.
| Most recent fiscal year | Prior fiscal year | Source | |
|---|---|---|---|
| Revenue | $19,850,760 | $9,385,513 | sec.gov |
| Cost of goods sold | $14,700,506 | $7,144,963 | sec.gov |
| Net income | $-114,063 | $-1,273,122 | sec.gov |
| Taxes paid | $0 | $0 | sec.gov |
| Total assets | $6,807,535 | $1,440,151 | sec.gov |
| Cash | $928,804 | $893,707 | sec.gov |
| Accounts receivable | $79,000 | $0 | sec.gov |
| Short-term debt | $0 | $0 | sec.gov |
| Long-term debt | $2,418,078 | $2,166,533 | sec.gov |
Filings
| Filed | Filing | Target | Maximum | Deadline | Note | Source |
|---|---|---|---|---|---|---|
| April 18, 2023 | Progress update | $10,000 | $2,764,218 | April 14, 2023 | At the close of the offering, the issuer closed on $115,364.91. | sec.gov |
| January 4, 2023 | Offering | $10,000 | $2,764,218 | April 14, 2023 | sec.gov | |
| September 6, 2022 | Progress update | $25,000 | $5,000,000 | September 3, 2022 | The Offering closed successfully on 9/4/2022, having received investment commitments of $2,235,781.24, although a final accounting has not taken place. | sec.gov |
| April 26, 2022 | Amendment | $25,000 | $5,000,000 | September 3, 2022 | This material amendment is filed to (i) extend the Offering Deadline; (ii) update the Exhibit A- Financial Statements with audited financials for the year ended December 31, 2021; and (iii) update the Capitalization, Debt and Ownership section. | sec.gov |
| April 8, 2022 | Amendment | $25,000 | $5,000,000 | April 25, 2022 | This non-material amendment is filed to remove the named Escrow Agent. | sec.gov |
| February 14, 2022 | Offering | $25,000 | $5,000,000 | April 25, 2022 | sec.gov | |
| February 10, 2022 | Annual report | Not listed | Not listed | sec.gov | ||
| June 15, 2020 | Progress update | $25,000 | $1,070,000 | July 15, 2020 | The Offering closed successfully on 6/14, having received investment commitments of $1,070,000, although a final accounting has not taken place. | sec.gov |
| April 28, 2020 | Amendment | $25,000 | $1,070,000 | July 15, 2020 | The Company is extending its campaign until July 15, 2020. | sec.gov |
| November 20, 2019 | Amendment | $25,000 | $1,070,000 | April 20, 2020 | The chart of page 12 of the form C is hereby re-submitted to correct a typographical error regarding gross proceeds due to the issuer. | sec.gov |
| November 8, 2019 | Amendment | $25,000 | $1,070,000 | April 30, 2020 | The Form C is hereby resubmitted to the Commission, the previous version was substantially incomplete. The offering has not yet commenced. | sec.gov |
| November 8, 2019 | Offering | $25,000 | $1,070,000 | April 30, 2020 | sec.gov |
Updated April 18, 2023. 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.