New Sapience, Inc.
View this filing on EDGAR (filing index, accession 0001683892-25-000005) | All Form C filings by this company on EDGAR
Filing details
| Company | New Sapience, Inc. | (Form C, issuer information) |
|---|---|---|
| State | MD | (Form C, issuer information) |
| Platform | DEALMAKER SECURITIES LLC | (Form C, issuer information) |
| Filing date | 2025-06-03 | (EDGAR filing index) |
| Date of incorporation | 2015-03-13 | (Form C, issuer information) |
| Employees | 10 | (Form C, issuer information) |
| Security offered | Common Stock | (Form C, offering information) |
| Price per security | $6 | (Form C, offering information) |
| Target amount | $12,003 | (Form C, offering information) |
| Maximum ask | $2,500,000 | (Form C, offering information) |
| Offering deadline | 2026-03-31 | (Form C, offering information) |
| Platform compensation | 8.5% commission based on the dollar amount of the securities sold in the Offering, plus an $18,000 one-tiand monthly fees of $17,000. | (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 | -$934,399 | -$2,438,371 | (Form C, financial summary) |
| Taxes paid | $0 | $0 | (Form C, financial summary) |
| Cash and equivalents | $95,721 | $147,571 | (Form C, financial summary) |
| Accounts receivable | $14,824 | $16,187 | (Form C, financial summary) |
| Total assets | $119,000 | $195,011 | (Form C, financial summary) |
| Short-term debt | $782,411 | $683,570 | (Form C, financial summary) |
| Long-term debt | $0 | $0 | (Form C, financial summary) |
Mechanical checks that fired
- Related-party language. Related-party 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 phrase can describe routine or unusual arrangements, so read the quoted sentence and the filing. Found in: 0001683892-25-000005.
"lder As a minority holder of Class B Non-Voting Common Stock shares of the Company, you will have limited rights regarding the corporate actions of the Company, including additional issuances of securities, Company repurchases of securities, a sale of the company or its significant assets, or company transactions with related parties."
"or: Sean Reineke Amount Owed: $457,122.00 Interest Rate: 0.0% Maturity Date: Currently due and payable ▪ Creditor: Tractal LLC Amount Owed: $125,000.00 Interest Rate: 0.0% Maturity Date: Currently due and payable ▪ Creditor: AiPi Amount Owed: $8,000.00 Interest Rate: 0.0% Maturity Date: Currently due and payable Related Party Transactions ▪ Name of Entity: Bryant G."
- 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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