Overview

Raised to Date: Raised: $343,589

Deal Terms

Investment Momentum

Company Profile

Deal Summary

Financials

Total Commitments ($USD)

Platform

Wefunder

Start Date

09/11/2022

Close Date

03/31/2023

Min. Goal

$100,000

Max. Goal

$5,000,000

Min. Investment

$100

Security Type

Equity - Preferred

Series

Pre-Seed

SEC Filing Type

RegCF    

Price Per Share

$1.00

Pre-Money Valuation

$100,000,000

Rolling Commitments ($USD)

Status

Funded

Reporting Date

04/01/2023

Days Remaining

Funded

% of Min. Goal

Funded

% of Max. Goal

Funded

Likelihood of Max

Funded

Avg. Daily Raise

$1,718

# of Investors

363

Momentum

Funded

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Global Composite Piping Solutions

Year Founded

2022

Industry

Energy, Power, & Natural Resources

Tech Sector

Hardwaretech

Distribution Model

B2B

Margin

Medium

Capital Intensity

High

Location

The Woodlands, Texas

Business Type

Growth

Company Website

Global Composite Piping Solutions, with a valuation of $100 million, is raising funds on Wefunder. The company has developed its patented large diameter, high-pressure pipelines. The innovative thermoplastic composite pipe technology of Global Composite Piping Solutions reduces weight and increases pressure capabilities of pipes and will spark new development opportunities across a variety of markets. Global Composite Piping Solutions has signed an LOI for a $150 million international pipeline project. Douglas Jones and Terry Shafer founded Global Composite Piping Solutions in April 2022. The current crowdfunding campaign has a minimum target of $100,000 and a maximum target of $5 million. The campaign proceeds will be used for general operating expenses and accounts payable.

Summary Profit and Loss Statement

	Most Recent Year	Prior Year
Revenue	$0	$0
COGS	$0	$0
Tax	$0	$0
Net Income	$-408,514	$0

Summary Balance Sheet

	Most Recent Year	Prior Year
Cash	$500	$0
Accounts Receivable	$0	$0
Total Assets	$500	$0
Short-Term Debt	$408,514	$0
Long-Term Debt	$0	$0
Total Liabilities	$408,514	$0

Financials as of: 09/11/2022

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Global Composite Piping Solutions’ large-diameter thermoplastic pipes are made by fusing together multiple layers of tough and corrosion-resistant materials. These pipes could be a natural successor to concrete pipelines. They’re lighter… easier to install… and offer much lower upfront and maintenance costs while still being able to hold high pressure.

Hundreds of concrete pipelines in the US (and thousands globally) that were originally laid down decades ago are now suffering from severe corrosion and serious leaks. They need to be replaced.

The problem has become so extensive that the American Water Works Association (AWWA) calls our current period “The Replacement Era.”

The problem is real, large, and looming. And GPCS has a great solution.

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