Global Composite Piping Solutions
Growth Stage
Help us save six billion gallons of water every day with new patented pipe
Analytics
Raised: $251,484
Aggregate Commitments $
Platform
Wefunder
Start Date
09/12/2022
Close Date
04/30/2023
Min. Goal
$100,000
Max. Goal
$5,000,000
Min. Investment
$100
Security Type
Equity - Preferred
Funding Type
RegCF
Series
Pre-Seed
Price Per Share
$1.00
Pre-Money Valuation
$100,000,000
Rolling Commitments $
Status
Active
Reporting Date
10/02/2022
Days Remaining
210
% of Min. Goal
251%
% of Max. Goal
5%
Likelihood of Max
Avg. Daily Raise
$12,574
# of Investors
182
Momentum
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Location
The Woodlands, Texas
Industry
Energy, Power, & Natural Resources
Tech Sector
Hardwaretech
Distribution Model
B2B
Margin
Medium
Capital Intensity
High
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: 09/12/2022
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Ratings 
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Analyst Report
Pending Review