Saleen Automotive, Inc.
View this filing on EDGAR (filing index, accession 0001528098-26-000011) | All Form C filings by this company on EDGAR
Filing details
| Company | Saleen Automotive, Inc. | (Form C, issuer information) |
|---|---|---|
| State | CA | (Form C, issuer information) |
| Platform | Wefunder Portal LLC | (Form C, issuer information) |
| Filing date | 2026-08-27 | (EDGAR filing index) |
| Date of incorporation | 2021-08-06 | (Form C, issuer information) |
| Employees | 16 | (Form C, issuer information) |
| Security offered | Other Simple Agreement for Future Equity (SAFE) | (Form C, offering information) |
| Price per security | $1 | (Form C, offering information) |
| Target amount | $50,000 | (Form C, offering information) |
| Maximum ask | $124,000 | (Form C, offering information) |
| Offering deadline | 2027-07-29 | (Form C, offering information) |
| Platform compensation | 6.9% 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. | (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 | $3,573,111 | $2,844,890 | (Form C, financial summary) |
| Cost of goods sold | $2,014,542 | $2,539,202 | (Form C, financial summary) |
| Net income | -$1,049,875 | -$4,668,328 | (Form C, financial summary) |
| Taxes paid | $2,400 | $2,400 | (Form C, financial summary) |
| Cash and equivalents | $57,154 | $50,926 | (Form C, financial summary) |
| Accounts receivable | $22,643 | $7,499 | (Form C, financial summary) |
| Total assets | $4,033,134 | $4,339,669 | (Form C, financial summary) |
| Short-term debt | $13,270,167 | $12,323,956 | (Form C, financial summary) |
| Long-term debt | $2,350,173 | $2,753,044 | (Form C, financial summary) |
Mechanical checks that fired
- 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.
- Debt above assets. Short-term plus long-term debt is larger than total assets in the Form C financial summary.
- Repeat Form C filer. This company filed 2 or more new Form C filings between 2024-10-21 to 2026-10-27 on EDGAR.
A check means "read this part of the filing closely." It is not a judgment about how the company will do.
Other Form C filings by this company in our data
Company website as listed in the Form C: https://www.saleen.com/
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