WiGL

WiGL

Growth Stage

Long Distance Wireless Power

Long Distance Wireless Power

Overview

Raised this Round: Raised: $8,244,919

Total Commitments ($USD)

Platform

StartEngine

Start Date

11/29/2021

Close Date

Not Provided

Min. Goal
$10,350
Max. Goal
$26,000,000
Min. Investment

$501

Security Type

Equity - Common

Series

Seed

SEC Filing Type

RegA+    Open SEC Filing

Price Per Share

$1.58

Pre-Money Valuation

$147,000,000

Year Founded

2020

Industry

Consumer Products, Goods & Services

Tech Sector

Hardwaretech

Distribution Model

B2B/B2C

Margin

Low

Capital Intensity

High

Location

Hampton, Virginia

Business Type

Growth

WiGL, with a valuation of $147 million, is raising funds on StartEngine through Reg A+ crowdfunding. It is a wireless power company bringing new technologies developed for the Department of Defense to improve the value proposition of other goods and services. People will be able to ditch cords and wires and use WiGL’s network to power their devices. WiGL works on a fully patented technology and is led by a team of strong founders with experience in the Air Force, MIT, and BAE Systems. Dr. Ahmad Glover founded WiGL in February 2020. The current crowdfunding campaign has a minimum target of $10,000 and a maximum target of $20,000,000. The campaign proceeds will be used for research and development, working capital needs, marketing, and employment-related needs.

Balance Sheet

Cash and Cash Equivalents

$1,534,083

Investment Securities

$0

Total Investments

$0

Accounts and Notes Receivable

$0

Loans

$0

Property, Plant and Equipment (PP&E)

$69,108

Property and Equipment

$0

Total Assets

$2,996,872

Accounts Payable & Accrued Liabilities

$17,535

Policy Liabilities and Accruals

$0

Deposits

$0

Long Term Debt

$0

Total Liabilities

$17,535

Total Stockholders' Equity

$2,979,337

Total Liabilities and Equity

$2,996,872

Statement of Comprehensive Income Information

Total Revenues

$24,946

Total Interest Income

$0

Costs & Expenses Applicable to Rev

$847,445

Total Interest Expenses

$0

Depreciation and Amortization

$3,355

Net Income

$-789,082

Earnings Per Share - Basic

$0.00

Earnings Per Share - Diluted

$0.00

Auditor: Artesian CPA
Financials as of: 11/29/2021
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Raise History

Offering Name Close Date Platform Valuation/Cap Total Raised Security Type Status Reg Type
WiGL 12/30/2024 PicMii $179,018,972 $76,453 Equity - Common Active RegCF
WiGL 03/25/2024 StartEngine $147,000,000 $8,244,919 Equity - Common Funded RegA+
WiGL 07/27/2021 StartEngine $56,050,000 $5,001,541 Equity - Common Funded RegCF
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Revenue History

Note: Revenue data points reflect the latest of either the most recent fiscal year's financials, or updated revenues directly from the founder, at each raise's close date.

Valuation History

Price per Share History

Note: Share prices shown in earlier rounds may not be indicative of any stock splits.

Employee History

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WiGL on StartEngine 2022
Platform: StartEngine
Security Type: Equity - Common
Valuation: $147,000,000
Price per Share: $1.58

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Follow WiGL on StartEngine 2022

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