Data / Crowdfunding / UNIVERSAL TRANSIT CORP.
UNIVERSAL TRANSIT CORP.: crowdfunding raise on OpenDeal Portal LLC, $400,000 to $1,235,000 (2024)
UNIVERSAL TRANSIT CORP., a company, filed a Form C with the SEC on August 5, 2024 to raise $400,000 to $1,235,000 in Crowd SAFE (Simple Agreement for Future Equity) through OpenDeal Portal LLC. The offering closed on August 5, 2024. In its most recent fiscal year it reported $9,681,210 in revenue and $44,850 in net income.
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- Website
- universaltransit.com
- Funding portal
- OpenDeal Portal LLC
- SEC CIK
- 0002013613
Offering terms
From the amendment filed August 5, 2024.
- Security
- Crowd SAFE (Simple Agreement for Future Equity)
- Price
- $1.00
- Target
- $400,000
- Maximum
- $1,235,000
- Deadline
- August 5, 2024
- Portal compensation
- At the conclusion of the offering, the issuer shall pay the intermediary cash proceeds equal to the greater of (A) twelve thousand dollars ($12,000.00) or (B) five and one-half percent (5.5%) of the amount raised in the Offering.
Financials
From the Form C/A filed August 5, 2024.
| Most recent fiscal year | Prior fiscal year | Source | |
|---|---|---|---|
| Revenue | $9,681,210 | $8,078,169 | sec.gov |
| Cost of goods sold | $5,383,838 | $6,047,614 | sec.gov |
| Net income | $44,850 | $36,069 | sec.gov |
| Taxes paid | $9,527 | $8,939 | sec.gov |
| Total assets | $2,415,353 | $839,690 | sec.gov |
| Cash | $57,621 | $6,943 | sec.gov |
| Accounts receivable | $239,697 | $0 | sec.gov |
| Short-term debt | $691,823 | $593,621 | sec.gov |
| Long-term debt | $1,432,610 | $0 | sec.gov |
Filings
| Filed | Filing | Target | Maximum | Deadline | Note | Source |
|---|---|---|---|---|---|---|
| September 30, 2024 | Withdrawal | Not listed | Not listed | sec.gov | ||
| August 5, 2024 | Amendment | $400,000 | $1,235,000 | August 5, 2024 | This material amendment is filed to (i) extend the Offering Deadline from August 5, 2024 to October 3, 2024 and (ii) as part of the extension, update the cash on hand from $27,997 as of March 31, 2024 to $7,145 as of July 31, 2024. | sec.gov |
| April 22, 2024 | Offering | $400,000 | $1,235,000 | August 5, 2024 | sec.gov |
Updated September 30, 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.