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This isn’t Parallel Flight Technologies’s most recent raise. Reg CF · Class B Common Stock · Feb 2023 (Closed) is more current.View latest round
Parallel Flight Technologies

Reg A+ · Common Stock · Jun 2020

ClosedReached targetReg A+Common Equity
via WeFunderView campaign
Raised
$349.1K / $1.5M max
23% of ceiling · target hit day 7
Investors
77
$4.5K avg
Post-money valuation
$18.3M
pre-money + amount raised

Raised over time

Cumulative raisedInvestors
$379K$189K$0
87440
Jun 26, 2020 · openedAug 13, 2020 · last reading
Target ($50K) hit — Jul 3, 2020, day 7

Left axis: cumulative dollars raised. Right axis: cumulative investors. Live figures via WeFunder; investor counts may lag the platform by up to a day.

Financials disclosed in this offering

FY2019 · hover for source
$72K
−$275K
FY2019
RevenueNet income
Metric
FY2019 audited
Income statement
Revenue
$71,909
Cost of goods sold
$0
Gross margin
100%
Net income
-$274,519
Taxes paid
$0
Balance sheet
Cash
$769,181
Accounts receivable
$0
Total assets
$774,207
Short-term debt
$55,164
Long-term debt
$248,000
Total liabilities
$303,164
Other
Headcount
7

The fiscal years the issuer disclosed in this offering’s filing, as filed. Full history on the company page.

Amendments to this offering

2 amendments
  1. Aug 26, 2020
    Terms not yet extracted from this filing
    Form 1-A/A on EDGAR ↗
  2. Aug 14, 2020
    Terms not yet extracted from this filing
    Form 1-A/A on EDGAR ↗

Each line compares the amendment with the previous filing of this offering. Form 1-A amendments state no reason; those filed before qualification are usually responses to SEC staff review.

Deal terms

Pre-money$18M
Post-money$18.3M
Price / share$3.00
Shares offered1,605,996

Offering details

Target$50,000
Max$1,500,000
Min investment$2,500
OpenedJun 26, 2020
Deadline—
ClosedAug 14, 2020
Days active49

Links & provenance

Campaign pageSEC filing
Source: Manual
0001445866-20-000905

About this data. Raised amounts and investor counts come from the platform listing and may lag or be restated; SEC-reported totals can differ until the next Form 1-Z/C-U. Post-money valuation is computed as pre-money plus amount raised and is shown once the round closes — it is not a traded price. Financial statements are as reported by the issuer. Crowdonomics is not a broker-dealer, funding portal, or investment adviser; nothing here is investment advice or an offer to sell securities. Verify all figures against the linked EDGAR filings.