Data / Crowdfunding / Texas / Wallabing, Inc.
Wallabing, Inc.: crowdfunding raise on Wefunder Portal LLC, $50,000 to $1,800,000 (2023)
Wallabing, Inc., a corporation in Plano, TX, filed a Form C with the SEC on August 28, 2023 to raise $50,000 to $1,800,000 in Simple Agreement for Future Equity (SAFE) through Wefunder Portal LLC. The offering closed on August 28, 2024. In its most recent fiscal year it reported $0 in revenue and a net loss of $722,684, with 3 employees.
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- Website
- wallabing.com
- Funding portal
- Wefunder Portal LLC
- Address
- 2705 Broken Bow Cir, Plano, TX 75093
- Legal form
- Corporation
- Jurisdiction
- TX
- Incorporated
- February 26, 2018
- SEC CIK
- 0001962071
Offering terms
From the amendment filed August 28, 2023.
- Security
- Simple Agreement for Future Equity (SAFE)
- Price
- $1.00
- Target
- $50,000
- Maximum
- $1,800,000
- Deadline
- August 28, 2024
- Portal compensation
- <p>7.5% of the offering amount upon a successful fundraise.</p>
Financials
From the Form C/A filed August 28, 2023.
| Most recent fiscal year | Prior fiscal year | Source | |
|---|---|---|---|
| Revenue | $0 | $0 | sec.gov |
| Cost of goods sold | $0 | $0 | sec.gov |
| Net income | $-722,684 | $-786,865 | sec.gov |
| Taxes paid | $0 | $0 | sec.gov |
| Total assets | $602,356 | $707,242 | sec.gov |
| Cash | $10,500 | $11,667 | sec.gov |
| Accounts receivable | $0 | $0 | sec.gov |
| Short-term debt | $12,390 | $13,150 | sec.gov |
| Long-term debt | $1,218,243 | $1,065,438 | sec.gov |
Filings
| Filed | Filing | Target | Maximum | Deadline | Note | Source |
|---|---|---|---|---|---|---|
| August 28, 2023 | Amendment | $50,000 | $1,800,000 | August 28, 2024 | Adding in 23/22 audited financials, extending campaign, and increasing max to $1.8M | sec.gov |
| July 10, 2023 | Amendment | $50,000 | $596,000 | August 28, 2023 | Updating close date to 8/28/23 | sec.gov |
| July 10, 2023 | Offering | $50,000 | $596,000 | August 28, 2024 | sec.gov | |
| June 16, 2023 | Progress update | $9,999 | $1,234,999 | May 31, 2023 | Adjustment to the initial Form C-U filing. At the close of the offering, the issuer closed on $21,718.06 and 161,242 number of securities. | sec.gov |
| June 5, 2023 | Progress update | $9,999 | $1,234,999 | May 31, 2023 | At the close of the offering, the issuer closed on $18,445.07 and 137,794 number of securities. | sec.gov |
| April 14, 2023 | Annual report | Not listed | Not listed | sec.gov | ||
| April 14, 2023 | Amendment | $9,999 | $1,234,999 | May 31, 2023 | Issuer is extending their campaign end date | sec.gov |
| January 24, 2023 | Offering | $9,999 | $1,234,999 | May 1, 2023 | sec.gov |
Updated August 28, 2023. 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.