PenPal News, Inc.

CIK: 1644649DEIncorporated: 2012-08-27

Current Offering

$25,000
Target Amount
$1,070,000
Maximum Amount
2019-04-30
Deadline

Security Details

Type: Crowd SAFE Units of SAFE (Simple Agreement for Future Equity)
Price per share: $1.00
Shares offered: 25,000+

Offering Costs

Cash commission: 6%
The issuer shall pay to the intermediary at the conclusion of the offering a fee consisting of six percent (6%) commission based on the amount of investments raised in the offering and paid upon disbursement of funds from escrow at the time of closing.
Equity compensation: 2%
The intermediary will receive a number of Crowd SAFE Units of the issuer that is equal to two percent (2.0%) of the total number of SAFEs sold by the issuer in the Offering.

Financial Reports

Offering via Republic

Offering History

As of 2019-01-29
Raising $25,000 -$1,070,000 via 25,000+ shares of crowd SAFE Units of SAFE (Simple Agreement for Future Equity) at $1.00 per share
Deadline: 2019-04-30
Filing date2019-01-29
Current employees6
Act received most recent fiscal year$0.00
Act received prior fiscal year$0.00
Cash equi most recent fiscal year$148,914
Cash equi prior fiscal year$48,131
Cost goods sold most recent fiscal year$0.00
Cost goods sold prior fiscal year$0.00
Long term debt most recent fiscal year$0.00
Long term debt prior fiscal year$505,630
Net income most recent fiscal year-$460,354.00
Net income prior fiscal year-$417,936.00
Revenue most recent fiscal year$7,465
Revenue prior fiscal year$4,397
Short term debt most recent fiscal year$12,274
Short term debt prior fiscal year$192,661
Tax paid most recent fiscal year$0.00
Tax paid prior fiscal year$214.00
Total asset most recent fiscal year$157,114
Total asset prior fiscal year$56,331

Company Information

Corporation
DE
2012-08-27

Latest Metrics

Employees6
Total Assets$157,114
Cash on Hand$148,914
Revenues$7,465
Net Income-$460,354.00

Crowdfunding Portals

This company is raising funds through this portal