Newchip Inc.

Newchip Inc. logo via Clearbit

Profile

According to their SEC filings, Newchip Inc. is a Corporation organized in DE on 06-15-2016. They report having 9 employee(s), and revenue in their most-recent fiscal year of $1,000.00 and $0.00 the prior year.

Location

2015 IH 35 South Ste 115

Austin, TX 78741

Equity Crowdfunding Campaigns

Reg CF Offering from Newchip Inc. (Previous)

Campaign Details

According to their SEC filings, Newchip Inc. previously ran a Regulation Crowdfunding campaign to raise $50,000.00 (up to a maximum of $1,070,000.00) in SAFE via Wefunder before a deadline of 10-05-2018.

As compensation for managing the offering, Wefunder reported being compensated as follows:

5.0% 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.

In addition to any direct compensation, Newchip Inc. reported that Wefunder would also receive the following financial interest in the offering:

Securities equal to 2.0% of the securities sold will be issued to the intermediary upon a successful fundraise.

More information about this issuer may also be available via Crowditz.com, including information about weekly and aggregate investor commitments.

Financial Information

The following information is taken directly from SEC filings.

Income Statement Items

Most Recent Fiscal Year Prior Fiscal Year
Revenue $1,000.00 $0.00
Cost of Goods Sold $0.00 $0.00
Taxes Paid $0.00 $0.00
Net Income $-748,599.00 $-197,884.00

Balance Sheet Items

Most Recent Fiscal Year Prior Fiscal Year
Total Assets $0.00 $0.00
Cash and Cash Equivalents $240,443.00 $10,689.00
Accounts Receivable $0.00 $0.00
Short-term Debt $31,386.00 $18,500.00
Long-term Debt $1,154,240.00 $189,028.00

Complete Reg CF filings list for Newchip Inc.

  • [2018-09-25T21:35:14+00:00] Newchip Inc. filed an amended Form C (Form C/A) regarding their offering to raise a target of $50,000.00 via Wefunder. The nature of the amendment was described as follows:

    Remove Judd Hollas from Board and Officers; Add Lance Huntley as an officer; change close date to 10/5

    File number: 020-24399

  • [2018-08-29T13:59:51+00:00] Newchip Inc. filed an amended Form C (Form C/A) regarding their offering to raise a target of $50,000.00 via Wefunder. The nature of the amendment was described as follows:

    Expand early bird to include all current investors; change non-early bird terms; change deadline date

    File number: 020-24399

  • New Filing Form C

    [2018-06-21T15:50:44+00:00] Newchip Inc. filed a Form C to raise a target amount of $50,000.00 (up to a maximum of $1,070,000.00) of SAFE via Wefunder.

    File number: 020-24399