Data / Crowdfunding / California / WePower App, Inc.
WePower App, Inc.: crowdfunding raise on Wefunder Portal LLC, $50,000 to $1,000,000 (2016)
WePower App, Inc., a corporation in El Cerrito, CA, filed a Form C with the SEC on August 30, 2016 to raise $50,000 to $1,000,000 in Simple Agreement for Future Equity (SAFE) through Wefunder Portal LLC. The offering closed on January 31, 2017. In its most recent fiscal year it reported $0 in revenue and a net loss of $1,815, with 2 employees.
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- Website
- wepowerapp.com
- Funding portal
- Wefunder Portal LLC
- Address
- 3060 El Cerrito Plaza #509, El Cerrito, CA 94530
- Legal form
- Corporation
- Jurisdiction
- CA
- Incorporated
- February 6, 2015
- SEC CIK
- 0001662923
Offering terms
From the amendment filed August 30, 2016.
- Security
- Simple Agreement for Future Equity (SAFE)
- Price
- $5.00
- Target
- $50,000
- Maximum
- $1,000,000
- Deadline
- January 31, 2017
- Portal compensation
- 3.0% of the offering amount upon a successful fundraise.
Financials
From the Form C/A filed August 30, 2016.
| Most recent fiscal year | Prior fiscal year | Source | |
|---|---|---|---|
| Revenue | $0 | $0 | sec.gov |
| Cost of goods sold | $0 | $0 | sec.gov |
| Net income | $-1,815 | $0 | sec.gov |
| Taxes paid | $0 | $0 | sec.gov |
| Total assets | $700 | $0 | sec.gov |
| Cash | $0 | $0 | sec.gov |
| Accounts receivable | $0 | $0 | sec.gov |
| Short-term debt | $500 | $0 | sec.gov |
| Long-term debt | $0 | $0 | sec.gov |
Filings
| Filed | Filing | Target | Maximum | Deadline | Note | Source |
|---|---|---|---|---|---|---|
| August 30, 2016 | Amendment | $50,000 | $1,000,000 | January 31, 2017 | Changed offering terms and include updated business plan. | sec.gov |
| August 5, 2016 | Offering | $50,000 | $1,000,000 | January 31, 2017 | sec.gov |
Updated August 30, 2016. 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.