Data / Crowdfunding / Pennsylvania / Veptas Technology Solutions, Inc
Veptas Technology Solutions, Inc: crowdfunding raise on truCrowd, Inc, $10,000 to $500,000 (2019)
Veptas Technology Solutions, Inc, a corporation in Malvern, PA, filed a Form C with the SEC on January 16, 2019 to raise $10,000 to $500,000 in DUSTO, Debt until Security Token Offering through truCrowd, Inc. The offering closed on February 28, 2019. In its most recent fiscal year it reported $59,373 in revenue and a net loss of $576,699, with 2 employees.
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- Website
- www.veptas.com
- Funding portal
- truCrowd, Inc
- Address
- 5 GREAT VALLEY PARKWAY SUITE 210, Malvern, PA 19355
- Legal form
- Corporation
- Jurisdiction
- DE
- Incorporated
- November 1, 2017
- SEC CIK
- 0001746725
Offering terms
From the amendment filed January 16, 2019.
- Security
- DUSTO, Debt until Security Token Offering
- Price
- $5.00
- Target
- $10,000
- Maximum
- $500,000
- Deadline
- February 28, 2019
- Portal compensation
- Intermediary will receive 7% of offering proceeds
Financials
From the Form C-AR filed February 14, 2020.
| Most recent fiscal year | Prior fiscal year | Source | |
|---|---|---|---|
| Revenue | $59,373 | $0 | sec.gov |
| Cost of goods sold | $26,086 | $0 | sec.gov |
| Net income | $-576,699 | $-69,621 | sec.gov |
| Taxes paid | $0 | $0 | sec.gov |
| Total assets | $501,819 | $215,853 | sec.gov |
| Cash | $27,471 | $27,350 | sec.gov |
| Accounts receivable | $20,498 | $0 | sec.gov |
| Short-term debt | $125,178 | $53,119 | sec.gov |
| Long-term debt | $350,000 | $67,250 | sec.gov |
Filings
| Filed | Filing | Target | Maximum | Deadline | Note | Source |
|---|---|---|---|---|---|---|
| February 14, 2020 | Termination of reporting | Not listed | Not listed | sec.gov | ||
| February 14, 2020 | Annual report | Not listed | Not listed | sec.gov | ||
| April 11, 2019 | Annual report | Not listed | Not listed | sec.gov | ||
| January 16, 2019 | Amendment | $10,000 | $500,000 | February 28, 2019 | Included statement in Offering Statement (section 11) regarding return of funds if target offering is unmet. | sec.gov |
| October 10, 2018 | Amendment | $10,000 | $500,000 | February 28, 2019 | Extend deadline, reduce target amount, offer additional bonus | sec.gov |
| July 20, 2018 | Offering | $10,000 | $1,070,000 | October 15, 2018 | sec.gov |
Updated February 14, 2020. 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.