Autonomous farm tools of tomorrow

Analytics

Raised to Date: Raised: $44,846

Aggregate Commitments $

Platform

Dalmore Group

Start Date

06/08/2022

Close Date

06/08/2023

Min. Goal

$499

Max. Goal

$5,000,000

Min. Investment

$499

Security Type

Equity - Common

Funding Type

RegA+

Series

Seed

Price Per Share

$1.87

Pre-Money Valuation

$9,861,993

Rolling Commitments $

Status

Active

Reporting Date

06/25/2022

Days Remaining

348

% of Min. Goal

8,982%

% of Max. Goal

1%

Likelihood of Max
unlikely
Avg. Daily Raise

$2,638

Momentum
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Location

Santa Monica, California

Industry

Farming & Agriculture

Tech Sector

AgriTech

Distribution Model

B2B

Margin

Medium

Capital Intensity

High

Business Type

Growth

Future Acres is raising funds through Reg A+ crowdfunding with Dalmore Group as the Broker Dealer. The company is developing an autonomous farm tool called Carry. Carry finds rows, goes to pickers, waits for the crop to be loaded, and transports the load from the rows to their destination. The aim of Future Acres is to build autonomous robotic solutions to automate the production of specialty crops. Suma Reddy founded Future Acres in 2017. The current crowdfunding campaign has a maximum target of $5,000,000. The campaign proceeds will be used for product development, personnel, and general overhead.

Balance Sheet

Cash and Cash Equivalents

$2,201

Total Assets

$2,201

Accounts Payable & Accrued Liabilities

$555,662

Long Term Debt

$217,052

Total Liabilities

$772,714

Total Stockholders' Equity

$-770,513

Total Liabilities and Equity

$2,201

Statement of Comprehensive Income Information

Net Income

$-2,083,436

Earnings Per Share - Basic

$-2.38

Earnings Per Share - Diluted

$-2.38

Auditor: Artesian CPA
Financials as of: 06/08/2022
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Raise History

Offering Name Close Date Platform Valuation/Cap Total Raised Security Type Status Reg Type
Future Acres 06/08/2023 Dalmore Group $9,861,993 $44,846 Equity - Common Active RegA+
Future Acres 10/10/2021 SeedInvest $7,000,000 $1,518,618 Equity - Preferred Funded RegA+
Future Acres 04/21/2021 SeedInvest $7,000,000 $341,333 Equity - Preferred Funded Test the Waters
Hitch Robotics 02/17/2020 SeedInvest $10,000,000 $0 Convertible Note Not Funded RegCF / RegD 506(c)
Hitch 11/25/2019 SeedInvest $10,000,000 $206,000 Convertible Note Not Funded RegCF / RegD 506(c)
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Future Acres on Dalmore Group 2022
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Platform: Dalmore Group
Security Type: Equity - Common
Valuation: $9,861,993
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