Data / Crowdfunding / Georgia / WorthPoint Corp
WorthPoint Corp: crowdfunding raise on StartEngine Capital, LLC, $15,000 to $4,999,992 (2023)
WorthPoint Corp, a corporation in Atlanta, GA, filed a Form C with the SEC on September 14, 2023 to raise $15,000 to $4,999,992 in Series A-2 Preferred Stock through StartEngine Capital, LLC. The offering closed on October 23, 2023. In its most recent fiscal year it reported $10,997,873 in revenue and a net loss of $4,666,071, with 32 employees.
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- Website
- www.worthpoint.com
- Funding portal
- StartEngine Capital, LLC
- Address
- 5 CONCOURSE PARKWAY NE, SUITE 2900 SUITE 2900, Atlanta, GA 30328
- Legal form
- Corporation
- Jurisdiction
- DE
- Incorporated
- January 16, 2007
- SEC CIK
- 0001450158
Offering terms
From the amendment filed September 14, 2023.
- Security
- Series A-2 Preferred Stock
- Price
- $12.00
- Target
- $15,000
- Maximum
- $4,999,992
- Deadline
- October 23, 2023
- Portal compensation
- Up to 9% percent
Financials
From the Form C-U filed November 2, 2023.
| Most recent fiscal year | Prior fiscal year | Source | |
|---|---|---|---|
| Revenue | $10,997,873 | $9,354,303 | sec.gov |
| Cost of goods sold | $2,044,450 | $1,668,008 | sec.gov |
| Net income | $-4,666,071 | $-1,881,109 | sec.gov |
| Taxes paid | $0 | $0 | sec.gov |
| Total assets | $8,156,955 | $7,392,528 | sec.gov |
| Cash | $1,183,681 | $3,051,032 | sec.gov |
| Accounts receivable | $151,202 | $81,128 | sec.gov |
| Short-term debt | $2,421,756 | $2,091,069 | sec.gov |
| Long-term debt | $8,965,496 | $4,191,584 | sec.gov |
Filings
| Filed | Filing | Target | Maximum | Deadline | Note | Source |
|---|---|---|---|---|---|---|
| November 2, 2023 | Progress update | $15,000 | $4,999,992 | October 23, 2023 | At the close of the offering, the issuer closed on $256,905.46 and 22,703 number of securities. | sec.gov |
| September 14, 2023 | Amendment | $15,000 | $4,999,992 | October 23, 2023 | Issuer has updated the indebtness section, adjusted risk factor | sec.gov |
| August 11, 2023 | Amendment | $15,000 | $4,999,992 | October 23, 2023 | Issuer is extending their campaign end date | sec.gov |
| July 20, 2023 | Amendment | $15,000 | $4,999,992 | August 21, 2023 | Issuer is updating language under Liquidity and Capital resources | sec.gov |
| May 19, 2023 | Offering | $15,000 | $4,999,992 | August 21, 2023 | sec.gov | |
| January 23, 2017 | Withdrawal | Not listed | Not listed | sec.gov | ||
| November 16, 2016 | Offering | $100,000 | $1,000,000 | February 16, 2017 | sec.gov |
Also on SpecStream
Updated November 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.