Drop Water Corp — Form C-U (Regulation Crowdfunding)
Drop Water Corp of SAN LUIS OBISPO, CA filed a Form C-U (Regulation Crowdfunding) with the SEC on 2025-06-30. Target raise $124K, up to $1.2M. Offered through StartEngine Primary, LLC.
Offering
- Filed: 2025-06-30
- Form: C-U
- Accession: 0001665160-25-001258
- Target amount: $124K
- Maximum amount: $1.2M
- Security type: Other
- Securities offered: 177,142
- Price: $0.7000
- Deadline: 2025-08-26
- Funding portal / intermediary: StartEngine Primary, LLC
- Intermediary file number: 008-70060
Issuer
- CIK: 0002065437
- Website: https://www.dropwater.co/
- Legal status: Corporation
- Organized in: DE
- Incorporated: 2013-12-19
- Address: 850 FIERO LN, SAN LUIS OBISPO, CA, 93401
- Employees: 9
Financials (as filed)
- Total assets (most recent): $3.2M
- Cash (most recent): $1.0M
- Revenue (most recent): $48K
- Revenue (prior): $106K
- Net income (most recent): $-1.8M
- Net income (prior): $-1.8M
- Short-term debt: $165K
- Long-term debt: $4.9M
People (4)
| Name | Role | Location |
|---|
| Grant Morgan | Board Member | Salt Lake City, UT |
| Andrew Preston | Chief Financial Officer | Redwood City, CA |
| SCOTT EDWARDS | CEO, Secretary, Board Member | PHOENIX, AZ |
| Thomas Proulx | Board Member | San Francisco, CA |
Reg CF filing history (2)
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