Data / Crowdfunding / California / WeShape Wellness, Inc.
WeShape Wellness, Inc.: crowdfunding raise on Wefunder Portal LLC, $150,000 to $1,235,000 (2022)
WeShape Wellness, Inc., a corporation in Santa Cruz, CA, filed a Form C with the SEC on November 29, 2022 to raise $150,000 to $1,235,000 in Convertible Note through Wefunder Portal LLC. The offering closed on April 30, 2023. In its most recent fiscal year it reported $1,137,625 in revenue and a net loss of $743,766, with 14 employees.
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- Website
- weshape.com
- Funding portal
- Wefunder Portal LLC
- Address
- 1538 Pacific Ave Floor 3, Santa Cruz, CA 95060
- Legal form
- Corporation
- Jurisdiction
- DE
- Incorporated
- November 8, 2021
- SEC CIK
- 0001954562
Offering terms
From the amendment filed November 29, 2022.
- Security
- Convertible Note
- Price
- $1.00
- Target
- $150,000
- Maximum
- $1,235,000
- Deadline
- April 30, 2023
- Portal compensation
- 7.5% of the offering amount upon a successful fundraise, and be entitled to reimbursement for out-of-pocket third party expenses it pays or incurs on behalf of the Issuer in connection with the offering.
Financials
From the Form C-AR filed March 31, 2025.
| Most recent fiscal year | Prior fiscal year | Source | |
|---|---|---|---|
| Revenue | $1,137,625 | $1,147,481 | sec.gov |
| Cost of goods sold | $13,677 | $216,234 | sec.gov |
| Net income | $-743,766 | $-816,642 | sec.gov |
| Taxes paid | $0 | $0 | sec.gov |
| Total assets | $68,732 | $458,349 | sec.gov |
| Cash | $33,875 | $425,585 | sec.gov |
| Accounts receivable | $0 | $0 | sec.gov |
| Short-term debt | $24,793 | $27,010 | sec.gov |
| Long-term debt | $2,467,933 | $2,111,588 | sec.gov |
Filings
| Filed | Filing | Target | Maximum | Deadline | Note | Source |
|---|---|---|---|---|---|---|
| March 31, 2025 | Annual report | Not listed | Not listed | sec.gov | ||
| November 29, 2022 | Amendment | $150,000 | $1,235,000 | April 30, 2023 | Non-material amendment adding in $335k of additional Convertible Notes raised | sec.gov |
| November 16, 2022 | Offering | $150,000 | $1,235,000 | April 30, 2023 | sec.gov |
Updated March 31, 2025. 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.