The Palacio Corporation

Early Stage

Product development company

Analytics

Raised to Date: Raised: $3,717

Aggregate Commitments $

Platform

Netcapital

Start Date

11/05/2021

Close Date

01/07/2022

Min. Goal

$10,008

Max. Goal

$1,069,992

Min. Investment

$99

Security Type

Equity - Common

Funding Type

RegCF

Series

Pre-Seed

Pre-Money Valuation

$9,000,000

Rolling Commitments $

Status

Active

Reporting Date

11/28/2021

Days Remaining

40

% of Min. Goal

37%

% of Max. Goal

0%

Likelihood of Max
unlikely
Avg. Daily Raise

$162

Momentum
cold.svg
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Location

Jacksonville, Florida

Industry

Consumer Products, Goods & Services

Tech Sector

MarketplaceTech

Distribution Model

B2C

Margin

Medium

Capital Intensity

High

Business Type

Growth

The Palacio Corporation, with a valuation of $9 million, is raising funds on NetCapital. It is a product development company that creates high-quality consumer goods, luxury products, and fitness and wellness products. The three divisions of The Palacio Corporation include Palace Living, Palacio Fitness, and Palacio International. The company has many patents pending, including its patent on PetraBells, PetraBars, and PetraBalls. John F. Ambielli and Maria Celia Ambielli founded The Palacio Corporation in November 2018. The current crowdfunding campaign has a minimum target of $10,000 and a maximum target of $1,069,992. The campaign proceeds will be used for marketing, manufacturing, product acquisition, rent and equipment, and compensation for managers.

Summary Profit and Loss Statement

Most Recent Year Prior Year

Revenue

$0

$0

COGS

$0

$0

Tax

$0

$0

 

 

Net Income

$-32,251

$-66,385

Summary Balance Sheet

Most Recent Year Prior Year

Cash

$3,000

$35,000

Accounts Receivable

$0

$0

Total Assets

$15,314

$55,997

Short-Term Debt

$0

$0

Long-Term Debt

$0

$0

Total Liabilities

$0

$0

Financials as of: 11/05/2021
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The Palacio Corporation on NetCapital 2021
$
Platform: Netcapital
Security Type: Equity - Common
Valuation: $9,000,000

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