Data / Crowdfunding / California / Wayzn, Inc.
Wayzn, Inc.: crowdfunding raise on OpenDeal Portal LLC, $25,000 to $1,070,000 (2020)
Wayzn, Inc., a corporation in Sunnyvale, CA, filed a Form C with the SEC on September 16, 2020 to raise $25,000 to $1,070,000 in Crowd SAFE (Simple Agreement for Future Equity) through OpenDeal Portal LLC. The offering closed on December 16, 2020. In its most recent fiscal year it reported $445,856 in revenue and a net loss of $370,318.
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.wayzn.com
- Funding portal
- OpenDeal Portal LLC
- Address
- 1669 HOLLENBECK AVENUE, Sunnyvale, CA 94087
- Legal form
- Corporation
- Jurisdiction
- CA
- Incorporated
- July 26, 2018
- SEC CIK
- 0001816089
Offering terms
From the offering filed September 16, 2020.
- Security
- Crowd SAFE (Simple Agreement for Future Equity)
- Price
- $1.00
- Target
- $25,000
- Maximum
- $1,070,000
- Deadline
- December 16, 2020
- 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-AR filed April 28, 2021.
| Most recent fiscal year | Prior fiscal year | Source | |
|---|---|---|---|
| Revenue | $445,856 | $0 | sec.gov |
| Cost of goods sold | $391,626 | $0 | sec.gov |
| Net income | $-370,318 | $-535,753 | sec.gov |
| Taxes paid | $-6,547 | $0 | sec.gov |
| Total assets | $102,600 | $159,976 | sec.gov |
| Cash | $95,455 | $39,612 | sec.gov |
| Accounts receivable | $1,144 | $0 | sec.gov |
| Short-term debt | $323,628 | $521,833 | sec.gov |
| Long-term debt | $586,147 | $0 | sec.gov |
Filings
| Filed | Filing | Target | Maximum | Deadline | Note | Source |
|---|---|---|---|---|---|---|
| April 29, 2021 | Termination of reporting | Not listed | Not listed | sec.gov | ||
| April 28, 2021 | Annual report | Not listed | Not listed | sec.gov | ||
| December 17, 2020 | Progress update | $25,000 | $1,070,000 | December 16, 2020 | The Offering closed successfully on December 17, 2020, having received investment commitments of $126,561, although a final accounting has not taken place. | sec.gov |
| September 16, 2020 | Offering | $25,000 | $1,070,000 | December 16, 2020 | sec.gov |
Updated April 29, 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.