Data / Crowdfunding / New York / WellWell LLC
WellWell LLC: crowdfunding raise on OpenDeal Portal LLC, $25,000 to $1,070,000 (2020)
WellWell LLC, a limited liability company in New York, NY, filed a Form C with the SEC on December 2, 2020 to raise $25,000 to $1,070,000 in Crowd Safe Units of SAFE (Simple Agreement for Future Equity) through OpenDeal Portal LLC. The offering closed on April 2, 2021. In its most recent fiscal year it reported $836,109 in revenue and a net loss of $1,397,434.
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- Website
- www.drinkwellwell.com
- Funding portal
- OpenDeal Portal LLC
- Address
- 50 FRANKLIN ST APT 9B, New York, NY 10013
- Legal form
- Limited Liability Company
- Jurisdiction
- DE
- Incorporated
- September 22, 2015
- SEC CIK
- 0001666081
Offering terms
From the offering filed December 2, 2020.
- Security
- Crowd Safe Units of SAFE (Simple Agreement for Future Equity)
- Price
- $1.00
- Target
- $25,000
- Maximum
- $1,070,000
- Deadline
- April 2, 2021
- Portal compensation
- The issuer shall pay to the Intermediary at the conclusion of the Offering a fee of six percent (6%) of the amount raised in the offering.
Financials
From the Form C-AR filed May 3, 2021.
| Most recent fiscal year | Prior fiscal year | Source | |
|---|---|---|---|
| Revenue | $836,109 | $633,077 | sec.gov |
| Cost of goods sold | $491,822 | $512,351 | sec.gov |
| Net income | $-1,397,434 | $-2,137,145 | sec.gov |
| Taxes paid | $0 | $5,967 | sec.gov |
| Total assets | $247,411 | $565,991 | sec.gov |
| Cash | $5,909 | $149,977 | sec.gov |
| Accounts receivable | $16,717 | $32,229 | sec.gov |
| Short-term debt | $492,275 | $257,828 | sec.gov |
| Long-term debt | $1,094,408 | $250,000 | sec.gov |
Filings
| Filed | Filing | Target | Maximum | Deadline | Note | Source |
|---|---|---|---|---|---|---|
| May 6, 2021 | Termination of reporting | Not listed | Not listed | sec.gov | ||
| May 3, 2021 | Annual report | Not listed | Not listed | sec.gov | ||
| April 27, 2021 | Progress update | $25,000 | $1,070,000 | April 2, 2021 | The Offering closed successfully on March 17, 2021, having received investment commitments of $164,271, although a final accounting has not taken place. | sec.gov |
| December 2, 2020 | Offering | $25,000 | $1,070,000 | April 2, 2021 | sec.gov |
Updated May 6, 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.