Data / Crowdfunding / California / Wise Power Inc
Wise Power Inc: crowdfunding raise on StartEngine Capital, LLC, $10,000 to $1,070,000 (2019)
Wise Power Inc, a corporation in Santa Monica, CA, filed a Form C with the SEC on February 21, 2019 to raise $10,000 to $1,070,000 in Convertible Note through StartEngine Capital, LLC. The offering closed on April 29, 2019. In its most recent fiscal year it reported $0 in revenue and a net loss of $519,736, with 3 employees.
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- Website
- getwisepower.com
- Funding portal
- StartEngine Capital, LLC
- Address
- 2500 BROADWAY BUILDING F, SUITE F-125, Santa Monica, CA 90404
- Legal form
- Corporation
- Jurisdiction
- DE
- Incorporated
- November 2, 2017
- SEC CIK
- 0001741500
Offering terms
From the amendment filed February 21, 2019.
- Security
- Convertible Note
- Price
- $1.00
- Target
- $10,000
- Maximum
- $1,070,000
- Deadline
- April 29, 2019
- Portal compensation
- 6 percent
Financials
From the Form C-U filed October 11, 2022.
| Most recent fiscal year | Prior fiscal year | Source | |
|---|---|---|---|
| Revenue | $0 | $0 | sec.gov |
| Cost of goods sold | $0 | $0 | sec.gov |
| Net income | $-519,736 | $-457,234 | sec.gov |
| Taxes paid | $0 | $0 | sec.gov |
| Total assets | $3,455 | $0 | sec.gov |
| Cash | $666 | $0 | sec.gov |
| Accounts receivable | $0 | $0 | sec.gov |
| Short-term debt | $645,254 | $350,264 | sec.gov |
| Long-term debt | $0 | $0 | sec.gov |
Filings
| Filed | Filing | Target | Maximum | Deadline | Note | Source |
|---|---|---|---|---|---|---|
| October 11, 2022 | Progress update | $10,000 | $1,070,000 | April 29, 2019 | Adjustment to the initial Form C-U filing. At the close of the offering, the issuer closed on $68,580 and 68,580 number of securities. | sec.gov |
| May 6, 2019 | Progress update | $10,000 | $1,070,000 | April 29, 2019 | The amount raised at the time of closing is $74,980. | sec.gov |
| February 21, 2019 | Amendment | $10,000 | $1,070,000 | April 29, 2019 | Issuer is extending the length of their campaign by 60 days. | sec.gov |
| December 26, 2018 | Amendment | $10,000 | $1,070,000 | February 26, 2019 | The issuer is extending their campaign. | sec.gov |
| October 30, 2018 | Amendment | $10,000 | $1,070,000 | December 28, 2018 | The issuer is extending their campaign. | sec.gov |
| August 30, 2018 | Amendment | $10,000 | $1,070,000 | October 29, 2018 | The issuer is extending their campaign and updating their campaign page. | sec.gov |
| June 13, 2018 | Amendment | $10,000 | $1,070,000 | August 30, 2018 | Issuer has updated the Video and video transcript. | sec.gov |
| May 30, 2018 | Offering | $10,000 | $1,070,000 | August 30, 2018 | sec.gov |
Updated October 11, 2022. 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.