Data / Crowdfunding / California / Zero Labs Automotive, Inc.
Zero Labs Automotive, Inc.: crowdfunding raise on StartEngine Capital, LLC, $15,000 to $5,000,000 (2024)
Zero Labs Automotive, Inc., a corporation in Gardena, CA, filed a Form C with the SEC on April 5, 2024 to raise $15,000 to $5,000,000 in Class B Common Stock through StartEngine Capital, LLC. The offering closed on April 30, 2024. In its most recent fiscal year it reported $606,681 in revenue and a net loss of $3,159,906, with 26 employees.
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- Website
- www.zerolabs.com
- Funding portal
- StartEngine Capital, LLC
- Address
- 1535 ROSECRANS AVENUE, Gardena, CA 90066
- Legal form
- Corporation
- Jurisdiction
- DE
- Incorporated
- February 29, 2016
- SEC CIK
- 0001977010
Offering terms
From the amendment filed April 5, 2024.
- Security
- Class B Common Stock
- Price
- $12.50
- Target
- $15,000
- Maximum
- $5,000,000
- Deadline
- April 30, 2024
- Portal compensation
- 7 - 13 percent
Financials
From the Form C-U filed April 18, 2024.
| Most recent fiscal year | Prior fiscal year | Source | |
|---|---|---|---|
| Revenue | $606,681 | $446,100 | sec.gov |
| Cost of goods sold | $920,252 | $639,769 | sec.gov |
| Net income | $-3,159,906 | $-2,179,645 | sec.gov |
| Taxes paid | $0 | $0 | sec.gov |
| Total assets | $2,135,582 | $1,553,287 | sec.gov |
| Cash | $126,224 | $387,971 | sec.gov |
| Accounts receivable | $64,053 | $0 | sec.gov |
| Short-term debt | $554,641 | $243,286 | sec.gov |
| Long-term debt | $1,096,000 | $0 | sec.gov |
Filings
| Filed | Filing | Target | Maximum | Deadline | Note | Source |
|---|---|---|---|---|---|---|
| April 18, 2024 | Progress update | $15,000 | $5,000,000 | April 30, 2024 | At the close of the offering, the issuer closed on $0.00 and 0 number of securities. | sec.gov |
| April 5, 2024 | Amendment | $15,000 | $5,000,000 | April 30, 2024 | Issuer is updating the team section of their campaign page. | sec.gov |
| March 22, 2024 | Amendment | $15,000 | $5,000,000 | April 30, 2024 | Issuer is disclosing the removal of Lizen Yumang from the D&O and team section. | sec.gov |
| March 13, 2024 | Amendment | $15,000 | $5,000,000 | April 30, 2024 | Issuer is updating tagline on campaign page. | sec.gov |
| February 29, 2024 | Amendment | $15,000 | $5,000,000 | April 29, 2024 | Issuer is moving up end date to April 29th, 2024. | sec.gov |
| February 20, 2024 | Offering | $15,000 | $5,000,000 | April 30, 2024 | sec.gov | |
| February 12, 2024 | Withdrawal | Not listed | Not listed | sec.gov | ||
| December 5, 2023 | Amendment | $25,000 | $4,999,990 | March 31, 2024 | Addition of seventh tier of incentive perks. | sec.gov |
| November 28, 2023 | Amendment | $25,000 | $4,999,990 | March 31, 2024 | Extension of Offering Period and addition of Bonus Shares. | sec.gov |
| September 18, 2023 | Offering | $25,000 | $4,999,990 | December 31, 2023 | sec.gov |
Updated April 18, 2024. 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.