Data / Crowdfunding / Illinois / Wage Development, Inc.
Wage Development, Inc.: crowdfunding raise on SI SECURITIES, LLC, $25,000 to $1,070,000 (2022)
Wage Development, Inc., a corporation in Chicago, IL, filed a Form C with the SEC on April 11, 2022 to raise $25,000 to $1,070,000 in preferred stock through SI SECURITIES, LLC. The offering closed on July 1, 2022. In its most recent fiscal year it reported $0 in revenue and a net loss of $1,209,623, with 3 employees.
SpecStream is the live web data engine for teams and agents. It reads every Form C on SEC EDGAR each morning, and this page is that reading. Ask for your own cut (a portal, a state, a size, a revenue range) and new raises arrive in your sheet, CRM, Slack or agent as they land.
- Website
- www.wagedev.com
- Funding portal
- SI SECURITIES, LLC
- Address
- 222 W. MERCHANDISE MART PLAZA #1212, Chicago, IL 60654
- Legal form
- Corporation
- Jurisdiction
- DE
- Incorporated
- December 15, 2016
- SEC CIK
- 0001914570
Offering terms
From the offering filed April 11, 2022.
- Security
- Preferred Stock
- Price
- $2.89
- Target
- $25,000
- Maximum
- $1,070,000
- Deadline
- July 1, 2022
- Portal compensation
- 7.5% of the amount raised
Financials
From the Form C filed April 11, 2022.
| Most recent fiscal year | Prior fiscal year | Source | |
|---|---|---|---|
| Revenue | $0 | $0 | sec.gov |
| Cost of goods sold | $0 | $0 | sec.gov |
| Net income | $-1,209,623 | $-8,017 | sec.gov |
| Taxes paid | $24,673 | $0 | sec.gov |
| Total assets | $155,631 | $899,985 | sec.gov |
| Cash | $150,267 | $899,985 | sec.gov |
| Accounts receivable | $0 | $0 | sec.gov |
| Short-term debt | $20,730 | $7,686 | sec.gov |
| Long-term debt | $1,300,000 | $900,000 | sec.gov |
Filings
| Filed | Filing | Target | Maximum | Deadline | Note | Source |
|---|---|---|---|---|---|---|
| April 11, 2022 | Offering | $25,000 | $1,070,000 | July 1, 2022 | sec.gov |
Updated April 11, 2022. 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.