PenPal News, Inc.

PenPal News, Inc. logo via Clearbit

Profile

According to their SEC filings, PenPal News, Inc. is a Corporation organized in DE on 08-27-2012. They report having 6 employee(s), and revenue in their most-recent fiscal year of $7,465.00 and $4,397.00 the prior year.

Company Description

"PenPal Schools connects students from 150 countries through project based learning. Students create projects about topics ranging from human rights and environmental sustainability to robotics and literature with global PenPals through PBL."

Website: http://www.penpalschools.com

Sector: Information Technology

Industry: Internet Software & Services

Twitter: PenpalSchools

Facebook: penpalschools

LinkedIn: penpal-schools

Location

411 W MONROE ST

SUITE 1626

AUSTIN, TX 78704

Equity Crowdfunding Campaigns

Reg CF Offering from PenPal News, Inc. (Active)

Campaign Details

According to their SEC filings, PenPal News, Inc. is raising $25,000.00 (up to a maximum of $1,070,000.00) in SAFE via OpenDeal Portal LLC (Republic) with a current deadline of 04-30-2019.

As compensation for managing the offering, OpenDeal Portal LLC (Republic) is being compensated as follows:

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.

In addition to any direct compensation, PenPal News, Inc. reports that OpenDeal Portal LLC (Republic) will also receive the following financial interest in the offering:

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.

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 $7,465.00 $4,397.00
Cost of Goods Sold $0.00 $0.00
Taxes Paid $0.00 $214.00
Net Income $-460,354.00 $-417,936.00

Balance Sheet Items

Most Recent Fiscal Year Prior Fiscal Year
Total Assets $0.00 $0.00
Cash and Cash Equivalents $148,914.00 $48,131.00
Accounts Receivable $0.00 $0.00
Short-term Debt $12,274.00 $192,661.00
Long-term Debt $0.00 $505,630.00

Complete Reg CF filings list for PenPal News, Inc.

  • [2019-01-29T11:30:33+00:00] PenPal News, Inc. filed an amended Form C (Form C/A) regarding their offering to raise a target of $25,000.00 via OpenDeal Portal LLC (Republic). The nature of the amendment was described as follows:

    The offering is hereby extended to April 30, 2019.

    File number: 020-25121

  • New Filing Form C

    [2019-01-28T18:29:50+00:00] PenPal News, Inc. filed a Form C to raise a target amount of $25,000.00 (up to a maximum of $1,070,000.00) of SAFE via OpenDeal Portal LLC (Republic).

    File number: 020-25121