FinEV Inc.
View this filing on EDGAR (filing index, accession 0002063604-25-000001) | All Form C filings by this company on EDGAR
Filing details
| Company | FinEV Inc. | (Form C, issuer information) |
|---|---|---|
| State | DE | (Form C, issuer information) |
| Platform | Honeycomb Portal LLC | (Form C, issuer information) |
| Filing date | 2025-04-21 | (EDGAR filing index) |
| Date of incorporation | 2023-03-07 | (Form C, issuer information) |
| Employees | 6 | (Form C, issuer information) |
| Security offered | Debt | (Form C, offering information) |
| Price per security | $1 | (Form C, offering information) |
| Target amount | $100,000 | (Form C, offering information) |
| Maximum ask | $1,235,000 | (Form C, offering information) |
| Offering deadline | 2025-06-05 | (Form C, offering information) |
| Platform compensation | Applied at marginal rate based upon amount of total offering: up to $100,000 = 8.5%, $100,001 - $1,235,000 = 7.5%. Platform Fee corresponding to selected level of service. 3% investment fee capped at $50. | (Form C, offering information) |
Financial summary
Figures are as entered by the company in the financial summary on the cover of its Form C. They are self-reported and unaudited, and they are not taken from the financial statements filed as exhibits to the Form C, which we do not read mechanically.
| Item | Most recent fiscal year | Prior fiscal year | Source |
|---|---|---|---|
| Revenue | $0 | $0 | (Form C, financial summary) |
| Cost of goods sold | $0 | $0 | (Form C, financial summary) |
| Net income | -$93,876 | -$20,215 | (Form C, financial summary) |
| Taxes paid | $0 | $0 | (Form C, financial summary) |
| Cash and equivalents | $60,993 | $8,288 | (Form C, financial summary) |
| Accounts receivable | $0 | $0 | (Form C, financial summary) |
| Total assets | $126,125 | $10,195 | (Form C, financial summary) |
| Short-term debt | $12,015 | $29 | (Form C, financial summary) |
| Long-term debt | $227,451 | $29,581 | (Form C, financial summary) |
Mechanical checks that fired
- Going-concern language. Going-concern language appears in this offering's own Form C filing or in an amendment to it, in a sentence that states it rather than ruling it out. The quoted sentence is below. Read the auditor or accountant notes in the filing for the full context. Found in: 0002063604-25-000001.
"Note on Going Concern The company has reported a negative equity position and a net loss for the period, indicating potential liquidity and operational challenges."
"287.59 Cash at End of Period $60,992.96 Note on Going Concern The company has reported significant net losses for the period, resulting in negative equity."
- Net loss in both years. Net income is negative in both fiscal years reported in the Form C financial summary.
- Cash below one year of losses. Net loss for the most recent fiscal year is larger than year-end cash, both as reported in the Form C financial summary.
- No revenue. Revenue for the most recent fiscal year is $0 in the Form C financial summary.
- Debt above assets. Short-term plus long-term debt is larger than total assets in the Form C financial summary.
- Maximum ask above 10x revenue. The maximum offering amount is more than 10 times the most recent fiscal year revenue (or revenue is $0), per the Form C.
- Platform compensation of 8% or more. The platform compensation stated in the Form C is 8% or more of the offering.
A check means "read this part of the filing closely." It is not a judgment about how the company will do.
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