Data / Crowdfunding / Utah / ZENCASTR, INC.
ZENCASTR, INC.: crowdfunding raise on Wefunder Portal LLC, $150,000 to $1,235,000 (2023)
ZENCASTR, INC., a corporation in Cottonwood Heights, UT, filed a Form C with the SEC on January 23, 2023 to raise $150,000 to $1,235,000 in Simple Agreement for Future Equity (SAFE) through Wefunder Portal LLC. The offering closed on April 30, 2023. In its most recent fiscal year it reported $2,046,473 in revenue and a net loss of $2,166,558, with 30 employees.
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- Website
- zencastr.com
- Funding portal
- Wefunder Portal LLC
- Address
- 2416 Nantucket Dr, Cottonwood Heights, UT 84121
- Legal form
- Corporation
- Jurisdiction
- DE
- Incorporated
- June 6, 2020
- SEC CIK
- 0001957665
Offering terms
From the amendment filed January 23, 2023.
- Security
- Simple Agreement for Future Equity (SAFE)
- Price
- $1.00
- Target
- $150,000
- Maximum
- $1,235,000
- Deadline
- April 30, 2023
- Portal compensation
- 7.5% of the offering amount upon a successful fundraise, and be entitled to reimbursement for out-of-pocket third party expenses it pays or incurs on behalf of the Issuer in connection with the offering.
Financials
From the Form C/A filed January 23, 2023.
| Most recent fiscal year | Prior fiscal year | Source | |
|---|---|---|---|
| Revenue | $2,046,473 | $796,902 | sec.gov |
| Cost of goods sold | $584,732 | $103,100 | sec.gov |
| Net income | $-2,166,558 | $-407,932 | sec.gov |
| Taxes paid | $0 | $0 | sec.gov |
| Total assets | $2,433,662 | $3,042,417 | sec.gov |
| Cash | $933,664 | $3,042,417 | sec.gov |
| Accounts receivable | $0 | $0 | sec.gov |
| Short-term debt | $353,718 | $276,862 | sec.gov |
| Long-term debt | $150,000 | $232,000 | sec.gov |
Filings
| Filed | Filing | Target | Maximum | Deadline | Note | Source |
|---|---|---|---|---|---|---|
| January 23, 2023 | Amendment | $150,000 | $1,235,000 | April 30, 2023 | Updating the Early Bird investment threshold to $500k | sec.gov |
| December 20, 2022 | Amendment | $150,000 | $1,235,000 | April 30, 2023 | Updating the early bird and normal valuation caps of the SAFE. | sec.gov |
| December 9, 2022 | Offering | $150,000 | $1,235,000 | April 30, 2023 | sec.gov |
Updated January 23, 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.