Prime Lightworks

Early Stage

Renewable Electric Propulsion

Overview

Raised to Date: Raised: $21,173

Total Commitments ($USD)

Platform

StartEngine

Start Date

02/13/2023

Close Date

04/11/2023

Min. Goal

$10,001

Max. Goal

$3,929,998

Min. Investment

$249

Security Type

Equity - Common

Series

Seed

SEC Filing Type

RegCF    Open SEC Filing

Price Per Share

$3.28

Pre-Money Valuation

$19,640,732

Rolling Commitments ($USD)

Status

Active

Reporting Date

03/23/2023

Days Remaining

19

% of Min. Goal

212%

% of Max. Goal

1%

Likelihood of Max
unlikely
Avg. Daily Raise

$557

# of Investors

30

Momentum
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Year Founded

2015

Industry

Transportation, Automotive, Aviation, & Aerospace

Tech Sector

Hardwaretech

Distribution Model

B2B

Margin

Low

Capital Intensity

High

Location

Torrance, California

Business Type

Growth

Company Website

Prime Lightworks, with a valuation of $19.6 million, is raising funds on StartEngine. The company is developing green hydrogen rocket engines for satellite launch vehicles. The green engines of Prime Lightworks are fully reusable and cause zero carbon emissions. They are set to generate a revolutionary change in environmental and planetary sciences for clean orbital launches based on renewable natural resources. Kyle Flanagan founded Prime Lightworks in September 2015. The current crowdfunding campaign has a minimum target of $10,000 and a maximum target of $3.9 million. The campaign proceeds will be used for research and development, marketing, company employment, operations, inventory, and working capital.

Summary Profit and Loss Statement

Most Recent Year Prior Year

Revenue

$0

$0

COGS

$0

$0

Tax

$0

$0

 

 

Net Income

$-396,329

$-508,613

Summary Balance Sheet

Most Recent Year Prior Year

Cash

$50,420

$22,308

Accounts Receivable

$0

$101,397

Total Assets

$112,121

$251,619

Short-Term Debt

$76,315

$265,270

Long-Term Debt

$1,838,549

$1,862,717

Total Liabilities

$1,914,864

$2,127,987
Financials as of: 02/13/2023
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Raise History

Offering Name Close Date Platform Valuation/Cap Total Raised Security Type Status Reg Type
Prime Lightworks 04/11/2023 StartEngine $19,640,732 $21,173 Equity - Common Active RegCF
Prime Lightworks 04/23/2021 StartEngine $10,200,000 $1,069,888 Equity - Common Funded RegCF
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Prime Lightworks on StartEngine 2023
Platform: StartEngine
Security Type: Equity - Common
Valuation: $19,640,732

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