Sonic Power

Sonic Power

Early Stage

The Internet's Favorite Electronics Brand

The Internet's Favorite Electronics Brand

Overview

Raised to Date: Raised: $57,250

Total Commitments ($USD)

Platform

Wefunder

Start Date

02/04/2024

Close Date

04/28/2024

Min. Goal
$50,000
Max. Goal
$1,200,000
Min. Investment

$100

Security Type

Equity - Preferred

SEC Filing Type

RegCF    Open SEC Filing

Price Per Share

$1.00

Pre-Money Valuation

$5,650,000

Rolling Commitments ($USD)

Status

Active

Reporting Date

02/23/2024

Days Remaining

65

% of Min. Goal

115%

% of Max. Goal

5%

Likelihood of Max
unlikely
Avg. Daily Raise

$3,013

Momentum
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Year Founded

2022

Industry

Consumer Products, Goods & Services

Tech Sector

Hardwaretech

Location

Chapel Hill, North Carolina

Sonic Power, with a valuation of $5.65 million, is raising funds on Wefunder. It is a next-generation electronics brand that makes high-quality and affordable electronics. Sonic Power launched 17 products in 2023 across various categories, including bath, kitchen, cleaning, and audio. Sonic Power products are sold on Good Morning America and CBS Morning digital platforms and have reached $600,000 in sales since their launch in January 2023. Spencer Martin founded Sonic Power in September 2022. The current crowdfunding campaign has a minimum target of $50,000 and a maximum target of $1.2 million. The campaign proceeds will be used for inventory, payroll, marketing, and miscellaneous expenses.

Summary Profit and Loss Statement

FY 2022 FY 2021

Revenue

$2,664

$0

COGS

$760

$0

Tax

$0

$0

 

 

Net Income

$-23,878

$0

Summary Balance Sheet

FY 2022 FY 2021

Cash

$344,859

$0

Accounts Receivable

$0

$0

Total Assets

$579,771

$0

Short-Term Debt

$101,602

$0

Long-Term Debt

$0

$0

Total Liabilities

$101,602

$0

Financials as of: 02/04/2024
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Sonic Power on Wefunder 2024
Platform: Wefunder
Security Type: Equity - Preferred
Valuation: $5,650,000
Price per Share: $1.00

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