Data / Crowdfunding / California / Xiggit, Inc.
Xiggit, Inc.: crowdfunding raise on OpenDeal Portal LLC, $25,000 to $500,000 (2022)
Xiggit, Inc., a corporation in Palo Alto, CA, filed a Form C with the SEC on March 29, 2022 to raise $25,000 to $500,000 in Crowd SAFE (Simple Agreement for Future Equity) through OpenDeal Portal LLC. The offering closed on April 27, 2022. In its most recent fiscal year it reported $92 in revenue and a net loss of $45,350.
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- Website
- xiggit.com
- Funding portal
- OpenDeal Portal LLC
- Address
- 2625 MIDDLEFIELD ROAD SUITE 103, Palo Alto, CA 94306
- Legal form
- Corporation
- Jurisdiction
- DE
- Incorporated
- January 9, 2018
- SEC CIK
- 0001893079
Offering terms
From the amendment filed March 29, 2022.
- Security
- Crowd SAFE (Simple Agreement for Future Equity)
- Price
- $1.00
- Target
- $25,000
- Maximum
- $500,000
- Deadline
- April 27, 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-AR filed May 2, 2022.
| Most recent fiscal year | Prior fiscal year | Source | |
|---|---|---|---|
| Revenue | $92 | $0 | sec.gov |
| Cost of goods sold | $-35 | $0 | sec.gov |
| Net income | $-45,350 | $-30,276 | sec.gov |
| Taxes paid | $0 | $0 | sec.gov |
| Total assets | $2,961,112 | $1,461,452 | sec.gov |
| Cash | $94,714 | $9,836 | sec.gov |
| Accounts receivable | $0 | $0 | sec.gov |
| Short-term debt | $0 | $0 | sec.gov |
| Long-term debt | $45,908 | $45,908 | sec.gov |
Filings
| Filed | Filing | Target | Maximum | Deadline | Note | Source |
|---|---|---|---|---|---|---|
| May 2, 2022 | Annual report | Not listed | Not listed | sec.gov | ||
| April 28, 2022 | Progress update | $25,000 | $500,000 | April 27, 2022 | The Offering closed successfully on 4/28/2022, having received investment commitments of $199,137.00, although a final accounting has not taken place. | sec.gov |
| March 29, 2022 | Amendment | $25,000 | $500,000 | April 27, 2022 | Changing Offering Escrow Agent to Prime Trust, LLC | sec.gov |
| February 23, 2022 | Offering | $25,000 | $500,000 | April 27, 2022 | sec.gov |
Updated May 2, 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.