Data / Crowdfunding / Maryland / WeSolar Inc
WeSolar Inc: crowdfunding raise on Raise Green, Inc., $100,000 to $250,000 (2022)
WeSolar Inc, a corporation in Chevy Chase, MD, filed a Form C with the SEC on June 17, 2022 to raise $100,000 to $250,000 in Convertible Debt Note through Raise Green, Inc.. The offering closed on August 11, 2022. In its most recent fiscal year it reported $211,464 in revenue and a net loss of $35,920, with 2 employees.
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
- wesolar.energy
- Funding portal
- Raise Green, Inc.
- Address
- 2 WISCONSIN CIRCLE SUITE 700, Chevy Chase, MD 20815
- Legal form
- Corporation
- Jurisdiction
- MD
- Incorporated
- June 19, 2020
- SEC CIK
- 0001934217
Offering terms
From the offering filed June 17, 2022.
- Security
- Convertible Debt Note
- Price
- $1.00
- Target
- $100,000
- Maximum
- $250,000
- Deadline
- August 11, 2022
- Portal compensation
- 5% of the final funds raised.
Financials
From the Form C-AR filed May 2, 2023.
| Most recent fiscal year | Prior fiscal year | Source | |
|---|---|---|---|
| Revenue | $211,464 | $29,781 | sec.gov |
| Cost of goods sold | $229,419 | $80,945 | sec.gov |
| Net income | $-35,920 | $-51,961 | sec.gov |
| Taxes paid | $1,381 | $0 | sec.gov |
| Total assets | $288,391 | $113,782 | sec.gov |
| Cash | $107,186 | $31,028 | sec.gov |
| Accounts receivable | $0 | $0 | sec.gov |
| Short-term debt | $0 | $0 | sec.gov |
| Long-term debt | $370,988 | $161,100 | sec.gov |
Filings
| Filed | Filing | Target | Maximum | Deadline | Note | Source |
|---|---|---|---|---|---|---|
| May 2, 2023 | Annual report | Not listed | Not listed | sec.gov | ||
| September 9, 2022 | Progress update | Not listed | Not listed | The issuer closed on $185,500 of convertible debt notes. The funding portal was granted $3,700 of securities as compensation. | sec.gov | |
| August 24, 2022 | Progress update | Not listed | Not listed | At the close of the offering, the issuer raised investment commitments of $185,500 from 83 investors. The funds are currently being processed. The actual amount may be lower. | sec.gov | |
| June 17, 2022 | Offering | $100,000 | $250,000 | August 11, 2022 | sec.gov |
Updated May 2, 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.