Data / Crowdfunding / Texas / Volcon, Inc.
Volcon, Inc.: crowdfunding raise on Wefunder Portal LLC, $50,000 to $1,070,000 (2020)
Volcon, Inc., a corporation in Round Rock, TX, filed a Form C with the SEC on October 23, 2020 to raise $50,000 to $1,070,000 in Simple Agreement for Future Equity (SAFE) through Wefunder Portal LLC. The offering closed on February 18, 2021. In its most recent fiscal year it reported $0 in revenue and a net loss of $1,374,413, with 19 employees.
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- Website
- volcon.com
- Funding portal
- Wefunder Portal LLC
- Address
- 2590 Oakmont Drive, Suite 520, Round Rock, TX 78665
- Legal form
- Corporation
- Jurisdiction
- DE
- Incorporated
- February 21, 2020
- SEC CIK
- 0001829794
Offering terms
From the offering filed October 23, 2020.
- Security
- Simple Agreement for Future Equity (SAFE)
- Price
- $1.00
- Target
- $50,000
- Maximum
- $1,070,000
- Deadline
- February 18, 2021
- Portal compensation
- 5.0% of the offering amount upon a successful fundraise, and be entitled to reimbursement for out-of-pocket third party expenses it pays or incurs on behalf of the Issuer in connection with the offering.
Financials
From the Form C-AR filed April 30, 2021.
| Most recent fiscal year | Prior fiscal year | Source | |
|---|---|---|---|
| Revenue | $0 | $0 | sec.gov |
| Cost of goods sold | $0 | $0 | sec.gov |
| Net income | $-1,374,413 | $0 | sec.gov |
| Taxes paid | $0 | $0 | sec.gov |
| Total assets | $1,854,013 | $0 | sec.gov |
| Cash | $536,082 | $0 | sec.gov |
| Accounts receivable | $0 | $0 | sec.gov |
| Short-term debt | $2,008,873 | $0 | sec.gov |
| Long-term debt | $59,329 | $0 | sec.gov |
Filings
| Filed | Filing | Target | Maximum | Deadline | Note | Source |
|---|---|---|---|---|---|---|
| April 30, 2021 | Annual report | Not listed | Not listed | sec.gov | ||
| October 23, 2020 | Offering | $50,000 | $1,070,000 | February 18, 2021 | sec.gov |
Also on SpecStream
Updated April 30, 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.