Oakland Ballers Baseball Club, Inc.
View this filing on EDGAR (filing index, accession 0002034501-25-000003) | All Form C filings by this company on EDGAR
Filing details
| Company | Oakland Ballers Baseball Club, Inc. | (Form C, issuer information) |
|---|---|---|
| State | CA | (Form C, issuer information) |
| Platform | DEALMAKER SECURITIES LLC | (Form C, issuer information) |
| Filing date | 2025-02-28 | (EDGAR filing index) |
| Date of incorporation | 2024-08-15 | (Form C, issuer information) |
| Employees | 20 | (Form C, issuer information) |
| Security offered | Other Fan Stock, a series of the Issuer's Common Stock. | (Form C, offering information) |
| Price per security | $0 | (Form C, offering information) |
| Target amount | $50,000 | (Form C, offering information) |
| Maximum ask | $3,765,565 | (Form C, offering information) |
| Offering deadline | 2025-04-30 | (Form C, offering information) |
| Platform compensation | At the conclusion of the Offering, the Issuer shall pay the Intermediary a fee of seven and one half percent (7.5%) of the gross dollar amount raised in the Offering. The Intermediary and/or its affiliates will receive $2,000 set up fee & $2,000 per month. | (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. The prior fiscal year figures are all 0.00, and the date of incorporation stated in this same Form C is in 2024, so that fiscal year may precede the company.
| 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 | -$863,719 | $0 | (Form C, financial summary) |
| Taxes paid | $0 | $0 | (Form C, financial summary) |
| Cash and equivalents | $253,791 | $0 | (Form C, financial summary) |
| Accounts receivable | $0 | $0 | (Form C, financial summary) |
| Total assets | $3,834,597 | $0 | (Form C, financial summary) |
| Short-term debt | $1,247,816 | $0 | (Form C, financial summary) |
| Long-term debt | $3,450,500 | $0 | (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: 0002034501-25-000003.
"The Pioneer Baseball League’s invocation of its rights under the bond could financially harm the Issuer and prevent it from fielding a baseball team or being a going concern."
- 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: 0002034501-25-000003.
"e in the designation of a director pursuant to this Agreement hereby represents that (i) such Person has exercised reasonable care to determine whether any Disqualification Event is applicable to such Person, any director designee designated by such Person pursuant to this Agreement or any of such Person’s Rule 506(d) Related Parties and (ii) no Disqualification Event is applicable to such Person, any Board member designated by such Person pursuant to this Agreement or, to such Person’s knowledge, any of such Person’s Rule 506(d) Related Parties, except, if applicable, for a Disqualification E"
"(d) “Rule 506(d) Related Party” means, with respect to any Person, any other Person that is a beneficial owner of such first Person’s securities for purposes of Rule 506(d) under the Securities Act. 5.2 Representations."
- 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.
Checks not run on this filing
These checks are arithmetic on the Form C financial summary, and every figure in this filing's summary is 0.00, which on a Form C cover page can mean zero or can mean nothing was entered. We do not run arithmetic on figures that carry no information, so these checks are not run here. That is a limit of our method and says nothing about the company either way.
- Net loss in both years
A check means "read this part of the filing closely." It is not a judgment about how the company will do.
Company website as listed in the Form C: https://www.oaklandballers.com
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