Data / Crowdfunding / Nevada / Utherverse Inc.
Utherverse Inc.: crowdfunding raise on OpenDeal Portal LLC, $50,000 to $1,235,000 (2023)
Utherverse Inc., a corporation in Carson City, NV, filed a Form C with the SEC on October 23, 2023 to raise $50,000 to $1,235,000 in Crowd SAFE (Simple Agreement for Future Equity) through OpenDeal Portal LLC. The offering closed on January 21, 2024. In its most recent fiscal year it reported $1,744,544 in revenue and a net loss of $376,821.
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- Website
- www.utherverse.io
- Funding portal
- OpenDeal Portal LLC
- Address
- 3827 S CARSON ST #196, Carson City, NV 89701
- Legal form
- Corporation
- Jurisdiction
- NV
- Incorporated
- June 2, 2005
- SEC CIK
- 0001974250
Offering terms
From the offering filed October 23, 2023.
- Security
- Crowd SAFE (Simple Agreement for Future Equity)
- Price
- $1.00
- Target
- $50,000
- Maximum
- $1,235,000
- Deadline
- January 21, 2024
- Portal compensation
- At the conclusion of the Offering, the Issuer shall pay the Intermediary a fee of five percent (5%) of the dollar amount raised in the Offering.
Financials
From the Form C-AR filed April 22, 2024.
| Most recent fiscal year | Prior fiscal year | Source | |
|---|---|---|---|
| Revenue | $1,744,544 | $3,190,247 | sec.gov |
| Cost of goods sold | $1,415,214 | $1,663,950 | sec.gov |
| Net income | $-376,821 | $-1,962,787 | sec.gov |
| Taxes paid | $0 | $25,454 | sec.gov |
| Total assets | $3,924,552 | $1,645,402 | sec.gov |
| Cash | $227,833 | $648,677 | sec.gov |
| Accounts receivable | $0 | $14,582 | sec.gov |
| Short-term debt | $2,041,658 | $1,998,615 | sec.gov |
| Long-term debt | $0 | $1,700,000 | sec.gov |
Filings
| Filed | Filing | Target | Maximum | Deadline | Note | Source |
|---|---|---|---|---|---|---|
| April 22, 2024 | Termination of reporting | Not listed | Not listed | sec.gov | ||
| April 22, 2024 | Annual report | Not listed | Not listed | sec.gov | ||
| January 29, 2024 | Progress update | $50,000 | $1,235,000 | January 21, 2024 | The Offering closed successfully on 1/22/2024, having received investment commitments of $202,519, although a final accounting has not taken place. | sec.gov |
| October 23, 2023 | Offering | $50,000 | $1,235,000 | January 21, 2024 | sec.gov |
Also on SpecStream
Updated April 22, 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.