United States Securities and Exchange Commission · EDGAR Accession 0001872856-25-000061

Form C-U

Offering Progress Update — Regulation Crowdfunding
Campaign file 020-31535
Issuer CIK 1959002
Raising via Wefunder Portal LLC

Qnetic Corp

CorporationDEIncorporated 2022NEW YORK, NYqnetic.energy
Progress updateThe Company closed the Offering and total proceeds raised during the Offering period were $1,217,592.
A

The Offering

as disclosed in this filing
Other (Simple Agreement for Future Equity (SAFE))
$1.00
$250,000
$1,235,000
April 29, 2024
Expired 776 days ago
$0max $1,235,000

Target is 20% of the maximum. Over-subscriptions accepted.

B

Financial Condition

two fiscal years, as filed
Pre-revenueBurn increasingDebt / assets 221%4 employees
Line itemMost recent FYPrior FYΔ
Revenue00
Cost of goods sold00
Net income(79,389)(3,358)▼ burn
Total assets63,4767,056▲ 800%
Cash & equivalents60,3907,056▲ 756%
Accounts receivable00
Short-term debt2,2000
Long-term debt137,97410,414
Taxes paid00

Figures in USD as reported by the issuer. Securities offered in all 50 states.

C

Campaign Timeline

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