Data / Crowdfunding / California / YEII Inc.
YEII Inc.: crowdfunding raise on OpenDeal Portal LLC, $50,000 to $1,070,000 (2020)
YEII Inc., a corporation in San Francisco, CA, filed a Form C with the SEC on September 29, 2020 to raise $50,000 to $1,070,000 in Crowd Safe Units of SAFE (Simple Agreement for Future Equity) through OpenDeal Portal LLC. The offering closed on March 30, 2021. In its most recent fiscal year it reported $43,635 in revenue and $7,457 in net income, with 4 employees.
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- Website
- www.yeii.org
- Funding portal
- OpenDeal Portal LLC
- Address
- 247 BRANNAN ST. 5TH FLOOR., San Francisco, CA 94107
- Legal form
- Corporation
- Jurisdiction
- DE
- Incorporated
- October 3, 2019
- SEC CIK
- 0001794603
Offering terms
From the amendment filed September 29, 2020.
- Security
- Crowd Safe Units of SAFE (Simple Agreement for Future Equity)
- Price
- $1.00
- Target
- $50,000
- Maximum
- $1,070,000
- Deadline
- March 30, 2021
- Portal compensation
- The issuer shall pay to the Intermediary at the conclusion of the Offering a fee of six percent (6%) of the amount raised in the offering.
Financials
From the Form C/A filed September 29, 2020.
| Most recent fiscal year | Prior fiscal year | Source | |
|---|---|---|---|
| Revenue | $43,635 | $58,040 | sec.gov |
| Cost of goods sold | $0 | $2,176 | sec.gov |
| Net income | $7,457 | $2,738 | sec.gov |
| Taxes paid | $0 | $0 | sec.gov |
| Total assets | $16,176 | $11,230 | sec.gov |
| Cash | $5 | $906 | sec.gov |
| Accounts receivable | $13,119 | $8,249 | sec.gov |
| Short-term debt | $1,762 | $4,889 | sec.gov |
| Long-term debt | $0 | $0 | sec.gov |
Filings
| Filed | Filing | Target | Maximum | Deadline | Note | Source |
|---|---|---|---|---|---|---|
| September 29, 2020 | Amendment | $50,000 | $1,070,000 | March 30, 2021 | Company is extending its campaign until March 30, 2021 | sec.gov |
| May 13, 2020 | Amendment | $50,000 | $1,070,000 | September 30, 2020 | Company is hereby extending its campaign until September 30, 2020. | sec.gov |
| March 9, 2020 | Offering | $50,000 | $1,070,000 | May 31, 2020 | sec.gov |
Updated September 29, 2020. 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.