Data / Crowdfunding / Texas / 2XL Swagger Brands, INC
2XL Swagger Brands, INC: crowdfunding raise on StartEngine Capital, LLC, $9,998 to $1,069,873 (2020)
2XL Swagger Brands, INC, a corporation in Austin, TX, filed a Form C with the SEC on November 2, 2020 to raise $9,998 to $1,069,873 in Class B Non-Voting Common Stock through StartEngine Capital, LLC. The offering closed on December 4, 2020. In its most recent fiscal year it reported $155,395 in revenue and a net loss of $75,930, with 5 employees.
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- Website
- www.2xlswagger.com
- Funding portal
- StartEngine Capital, LLC
- Address
- 100 CONGRESS AVE. SUITE 2000 SUITE 2000, Austin, TX 78701
- Legal form
- Corporation
- Jurisdiction
- DE
- Incorporated
- May 20, 2020
- SEC CIK
- 0001692846
Offering terms
From the amendment filed November 2, 2020.
- Security
- Class B Non-Voting Common Stock
- Price
- $5.44
- Target
- $9,998
- Maximum
- $1,069,873
- Deadline
- December 4, 2020
- Portal compensation
- 7.0 percent
Financials
From the Form C/A filed November 2, 2020.
| Most recent fiscal year | Prior fiscal year | Source | |
|---|---|---|---|
| Revenue | $155,395 | $19,379 | sec.gov |
| Cost of goods sold | $65,039 | $16,572 | sec.gov |
| Net income | $-75,930 | $-95,895 | sec.gov |
| Taxes paid | $0 | $0 | sec.gov |
| Total assets | $213,590 | $154,425 | sec.gov |
| Cash | $16,287 | $7,898 | sec.gov |
| Accounts receivable | $0 | $0 | sec.gov |
| Short-term debt | $161,745 | $84,370 | sec.gov |
| Long-term debt | $0 | $0 | sec.gov |
Filings
| Filed | Filing | Target | Maximum | Deadline | Note | Source |
|---|---|---|---|---|---|---|
| November 2, 2020 | Amendment | $9,998 | $1,069,873 | December 4, 2020 | Issuer extended their campaign. | sec.gov |
| October 2, 2020 | Amendment | $9,998 | $1,069,873 | November 4, 2020 | Issuer extended their campaign. | sec.gov |
| August 31, 2020 | Amendment | $9,998 | $1,069,873 | October 5, 2020 | Issuer is extending the length of their campaign by 30 days. | sec.gov |
| July 27, 2020 | Amendment | $9,998 | $1,069,873 | September 3, 2020 | Issuer added a campaign page video | sec.gov |
| July 7, 2020 | Amendment | $9,998 | $1,069,873 | September 3, 2020 | Issuer provided fixes to clerical error in financials. | sec.gov |
| July 6, 2020 | Amendment | $9,998 | $1,069,873 | September 3, 2020 | Issuer added reviewed financials and increased their max raise amount. | sec.gov |
| June 5, 2020 | Offering | $9,998 | $1,069,999 | September 3, 2020 | sec.gov |
Updated November 2, 2020. 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.