Data / Crowdfunding / Texas / Varsity Hype, Inc.
Varsity Hype, Inc.: crowdfunding raise on OpenDeal Portal LLC, $25,000 to $1,000,000 (2021)
Varsity Hype, Inc., a corporation in Houston, TX, filed a Form C with the SEC on November 12, 2021 to raise $25,000 to $1,000,000 in Crowd SAFE (Simple Agreement for Future Equity) through OpenDeal Portal LLC. The offering closed on February 22, 2022. In its most recent fiscal year it reported $14,127 in revenue and a net loss of $88,371, with 7 employees.
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- Website
- varsityhype.com
- Funding portal
- OpenDeal Portal LLC
- Address
- 1334 BRITTMOORE ROAD, Houston, TX 77043
- Legal form
- Corporation
- Jurisdiction
- DE
- Incorporated
- May 18, 2017
- SEC CIK
- 0001834841
Offering terms
From the offering filed November 12, 2021.
- Security
- Crowd SAFE (Simple Agreement for Future Equity)
- Price
- $1.00
- Target
- $25,000
- Maximum
- $1,000,000
- Deadline
- February 22, 2022
- Portal compensation
- At the conclusion of the offering, the issuer shall pay a fee of six percent (6%) of the amount raised in the offering to the Intermediary.
Financials
From the Form C filed November 12, 2021.
| Most recent fiscal year | Prior fiscal year | Source | |
|---|---|---|---|
| Revenue | $14,127 | $0 | sec.gov |
| Cost of goods sold | $0 | $0 | sec.gov |
| Net income | $-88,371 | $0 | sec.gov |
| Taxes paid | $0 | $0 | sec.gov |
| Total assets | $774,232 | $0 | sec.gov |
| Cash | $54,355 | $0 | sec.gov |
| Accounts receivable | $1,461 | $0 | sec.gov |
| Short-term debt | $26,510 | $0 | sec.gov |
| Long-term debt | $0 | $0 | sec.gov |
Filings
| Filed | Filing | Target | Maximum | Deadline | Note | Source |
|---|---|---|---|---|---|---|
| November 12, 2021 | Offering | $25,000 | $1,000,000 | February 22, 2022 | sec.gov |
Updated November 12, 2021. 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.