Data / Crowdfunding / South Carolina / Whereable Technologies, Inc.
Whereable Technologies, Inc.: crowdfunding raise on StartEngine Capital, LLC, $10,000 to $5,000,000 (2022)
Whereable Technologies, Inc., a corporation in Mount Pleasant, SC, filed a Form C with the SEC on March 18, 2022 to raise $10,000 to $5,000,000 in common stock through StartEngine Capital, LLC. The offering closed on April 30, 2022. In its most recent fiscal year it reported $538,946 in revenue and a net loss of $4,965,643, with 6 employees.
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- Website
- www.whereabletech.com
- Funding portal
- StartEngine Capital, LLC
- Address
- 1000 JOHNNIE DODDS BLVD SUITE 103-312 SUITE 103-312, Mount Pleasant, SC 29464
- Legal form
- Corporation
- Jurisdiction
- DE
- Incorporated
- April 1, 2021
- SEC CIK
- 0001653214
Offering terms
From the amendment filed March 18, 2022.
- Security
- Common Stock
- Price
- $4.00
- Target
- $10,000
- Maximum
- $5,000,000
- Deadline
- April 30, 2022
- Portal compensation
- 7 - 13 percent
Financials
From the Form C-U filed May 10, 2022.
| Most recent fiscal year | Prior fiscal year | Source | |
|---|---|---|---|
| Revenue | $538,946 | $86,333 | sec.gov |
| Cost of goods sold | $164,305 | $27,793 | sec.gov |
| Net income | $-4,965,643 | $-6,546,809 | sec.gov |
| Taxes paid | $0 | $0 | sec.gov |
| Total assets | $1,098,511 | $851,850 | sec.gov |
| Cash | $150,105 | $238 | sec.gov |
| Accounts receivable | $384,831 | $18,963 | sec.gov |
| Short-term debt | $3,560,263 | $2,016,271 | sec.gov |
| Long-term debt | $2,600,000 | $2,896,687 | sec.gov |
Filings
| Filed | Filing | Target | Maximum | Deadline | Note | Source |
|---|---|---|---|---|---|---|
| April 28, 2023 | Termination of reporting | Not listed | Not listed | sec.gov | ||
| May 10, 2022 | Progress update | $10,000 | $5,000,000 | April 30, 2022 | At the close of the offering, the issuer closed on $92,512.44 and 25,244 number of securities. | sec.gov |
| April 28, 2022 | Annual report | Not listed | Not listed | sec.gov | ||
| March 18, 2022 | Amendment | $10,000 | $5,000,000 | April 30, 2022 | The issuer updated their campaign page. | sec.gov |
| February 2, 2022 | Offering | $10,000 | $5,000,000 | April 30, 2022 | sec.gov |
Updated April 28, 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.