Crowdfunding

Faraday Labs Inc.

Deadline passed 2023-03-20

Corporation · Delaware · Incorporated 2018-07-17

  • CIK 1920988
  • File 020-30215
  • State DE
Target Amount
$25,000
minimum to close
Maximum Amount
$1,070,000
ceiling, with over-subscription
Deadline
2023-03-20
as the latest Form C set it

Connected

named in its Form C filings

The intermediaries named in this company’s Form C filings. Investments in a Regulation Crowdfunding offering can only be made through them.

Latest Reported Offering

The terms on the latest Form C

Security Details

Type
Other
Price per share
$1.00
Price set by
Arbitrary
Shares offered
25,000+

Offering Costs

Cash commission
—
At the conclusion of the offering, the issuer shall pay a fee of five percent (5%) of the amount raised in the offering to the Intermediary.
Equity compensation
—
The Intermediary will also receive compensation in the form of securities equal to one and a half (1.5%) of the total number of the securities sold in the offering.

Campaign timeline

target amount · by first filed
2024-11-14 · $50,000
  1. 2022-05-20$25,000020-30215
  2. 2024-11-14$50,000020-35117

Hover a dot or row, or tab through the dots · bars scaled to the largest round ($50,000)

Filing history

Form C family — 9 filings
FiledFormFile numberPortalWhat it statesWhat the filer said
C-AR020-30215RepublicRevenue $5M · net income $61.9K · 3 employees—
C-AR020-35117WefunderRevenue $3.9M · net income -$317K · 6 employees—
C/A020-35117Wefunder$50K target, up to $618K · Simple Agreement for Future Equity (SAFE) at $1.00 · closes 2026-04-30Adding in 2024 financials and extending closing date.
C/A020-35117Wefunder$50K target, up to $618K · Simple Agreement for Future Equity (SAFE) at $1.00 · closes 2025-04-30Raising EB threshold from $200K to $500K
C020-35117Wefunder$50K target, up to $618K · Simple Agreement for Future Equity (SAFE) at $1.00 · closes 2025-04-30—
C-AR020-30215RepublicRevenue $3.3M · net income -$444K · 5 employees—
C-AR020-30215RepublicRevenue $2.5M · net income -$1.2M · 4 employees—
C-U020-30215Republic$25K target, up to $1.1M · Crowd SAFE (Simple Agreement for Future Equity) at $1.00 · closes 2023-03-20The Offering closed successfully on 3/21/2023, having received investment commitments of $622,855, although a final accounting has not taken place.
C020-30215Republic$25K target, up to $1.1M · Crowd SAFE (Simple Agreement for Future Equity) at $1.00 · closes 2023-03-20—

Company Information

Legal Status
Corporation
Jurisdiction
Delaware
Date of Incorporation
2018-07-17

Latest Metrics

Most recent fiscal year, as the latest filing reports it

Employees
3
Total Assets
$3,061,553
Cash on Hand
$1,700,722
Revenues
$5,022,759
Net Income
$61,928

Form C prints a most-recent and a prior fiscal year side by side but never names them. The dashboard chains every filing into those years and plots them. EDGAR still has each Form C-AR; the dashboard lays every year they filed next to it.

  • Reported financials chained into fiscal years — revenue, income, assets, cash — not one filing at a time
  • A sparkline on each figure so the shape is visible before the numbers
  • A revenue series dated to the filings that reported it
  • The campaign as filed: target, ceiling, deadline, and the portal that ran it
  • Follow it, and see it change on your watchlist

Part of the Crowdfunding plan — $40/mo at launch pricing ($100 list)

See plans

View all SEC filings ↗