Data / Crowdfunding / Minnesota / World CopperSmith, Inc.
World CopperSmith, Inc.: crowdfunding raise on OpenDeal Portal LLC, $25,000 to $1,070,000 (2022)
World CopperSmith, Inc., a corporation in Minneapolis, MN, filed a Form C with the SEC on March 28, 2022 to raise $25,000 to $1,070,000 in Crowd SAFE (Simple Agreement for Future Equity) through OpenDeal Portal LLC. The offering closed on April 29, 2022. In its most recent fiscal year it reported $6,524,750 in revenue and a net loss of $13,528, with 15 employees.
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- Website
- www.worldcoppersmith.com
- Funding portal
- OpenDeal Portal LLC
- Address
- 7700 68TH AVENUE NORTH #100, Minneapolis, MN 55428
- Legal form
- Corporation
- Jurisdiction
- MN
- Incorporated
- March 30, 2021
- SEC CIK
- 0001914061
Offering terms
From the amendment filed March 28, 2022.
- Security
- Crowd SAFE (Simple Agreement for Future Equity)
- Price
- $1.00
- Target
- $25,000
- Maximum
- $1,070,000
- Deadline
- April 29, 2022
- Portal compensation
- At the conclusion of the offering, the issuer shall pay a fee of six percent (6%) of the amount raised in the offering to the Intermediary.
Financials
From the Form C/A filed March 28, 2022.
| Most recent fiscal year | Prior fiscal year | Source | |
|---|---|---|---|
| Revenue | $6,524,750 | $6,134,566 | sec.gov |
| Cost of goods sold | $3,704,276 | $3,875,783 | sec.gov |
| Net income | $-13,528 | $-171,116 | sec.gov |
| Taxes paid | $0 | $0 | sec.gov |
| Total assets | $1,755,579 | $844,624 | sec.gov |
| Cash | $1,549,822 | $322,393 | sec.gov |
| Accounts receivable | $0 | $0 | sec.gov |
| Short-term debt | $2,774,888 | $1,285,273 | sec.gov |
| Long-term debt | $658,309 | $576,657 | sec.gov |
Filings
| Filed | Filing | Target | Maximum | Deadline | Note | Source |
|---|---|---|---|---|---|---|
| March 28, 2022 | Amendment | $25,000 | $1,070,000 | April 29, 2022 | This non-material amendment is filed to (i) note the change in Escrow Agent; and (ii) increase the Maximum Individual Purchase Amount. | sec.gov |
| March 4, 2022 | Offering | $25,000 | $1,070,000 | April 29, 2022 | sec.gov |
Updated March 28, 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.