Data / Crowdfunding / New York / 10 Below Franchising, LLC
10 Below Franchising, LLC: crowdfunding raise on Wefunder Portal LLC, $75,000 to $970,600 (2019)
10 Below Franchising, LLC, a limited liability company in New York, NY, filed a Form C with the SEC on April 10, 2019 to raise $75,000 to $970,600 in debt through Wefunder Portal LLC. The offering closed on April 18, 2019. In its most recent fiscal year it reported $0 in revenue and $0 in net income, with 5 employees.
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- Website
- www.10belowicecream.com
- Funding portal
- Wefunder Portal LLC
- Address
- 10 Mott Street, New York, NY 10013
- Legal form
- Limited Liability Company
- Jurisdiction
- NY
- Incorporated
- June 19, 2018
- SEC CIK
- 0001755084
Offering terms
From the amendment filed April 10, 2019.
- Security
- Debt
- Price
- $1.00
- Target
- $75,000
- Maximum
- $970,600
- Deadline
- April 18, 2019
- Portal compensation
- 5.0% of the offering amount upon a successful fundraise, and be entitled to reimbursement for out-of-pocket third party expenses it pays or incurs on behalf of the Issuer in connection with the offering.
Financials
From the Form C/A filed April 10, 2019.
| Most recent fiscal year | Prior fiscal year | Source | |
|---|---|---|---|
| Revenue | $0 | $0 | sec.gov |
| Cost of goods sold | $0 | $0 | sec.gov |
| Net income | $0 | $0 | sec.gov |
| Taxes paid | $0 | $0 | sec.gov |
| Total assets | $1,500 | $0 | sec.gov |
| Cash | $1,500 | $0 | sec.gov |
| Accounts receivable | $0 | $0 | sec.gov |
| Short-term debt | $0 | $0 | sec.gov |
| Long-term debt | $0 | $0 | sec.gov |
Filings
| Filed | Filing | Target | Maximum | Deadline | Note | Source |
|---|---|---|---|---|---|---|
| April 10, 2019 | Amendment | $75,000 | $970,600 | April 18, 2019 | Removed Joseph Chan as officer; Added loan to Q24, 26, 28; Removed risk; Updated runway and midterm expenses; Added note about lawsuit; | sec.gov |
| October 9, 2018 | Offering | $75,000 | $970,600 | March 29, 2019 | sec.gov |
Updated April 10, 2019. Read from SEC EDGAR. Public domain (U.S. government work). Financials are as each company reported them in its Form C, unaudited unless the filing says otherwise. Websites are the ones the companies declared to the SEC. Free to reuse with credit to SpecStream under CC BY 4.0. Spot a wrong value? Write to [email protected] with the link to this page.