Data / Crowdfunding / Virginia / 8 Myles Inc.
8 Myles Inc.: crowdfunding raise on Honeycomb Portal LLC, $25,000 to $250,000 (2022)
8 Myles Inc., a corporation in Mclean, VA, filed a Form C with the SEC on November 4, 2022 to raise $25,000 to $250,000 in Convertible Promissory Note through Honeycomb Portal LLC. The offering closed on December 30, 2022. In its most recent fiscal year it reported $142,399 in revenue and a net loss of $28,588, with 1 employees.
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- Website
- 8myles.com
- Funding portal
- Honeycomb Portal LLC
- Address
- 1751 PINNACLE DR SUITE 600, Mclean, VA 22102
- Legal form
- Corporation
- Jurisdiction
- PA
- Incorporated
- June 13, 2022
- SEC CIK
- 0001819920
Offering terms
From the amendment filed November 4, 2022.
- Security
- Convertible Promissory Note
- Price
- $1.00
- Target
- $25,000
- Maximum
- $250,000
- Deadline
- December 30, 2022
- Portal compensation
- Applied at marginal rate based upon amount of total offering: up to$50,000 = 8.0%, $50,001 - $100,000 = 7.0%, $100,001+ = 6.0%. $250 posting fee. 2.85% investment fee capped at $37.25.
Financials
From the Form C-U filed January 9, 2023.
| Most recent fiscal year | Prior fiscal year | Source | |
|---|---|---|---|
| Revenue | $142,399 | $44,407 | sec.gov |
| Cost of goods sold | $111,746 | $26,398 | sec.gov |
| Net income | $-28,588 | $-37,983 | sec.gov |
| Taxes paid | $0 | $0 | sec.gov |
| Total assets | $36,657 | $13,854 | sec.gov |
| Cash | $20,689 | $14,615 | sec.gov |
| Accounts receivable | $15,968 | $0 | sec.gov |
| Short-term debt | $25,054 | $19,983 | sec.gov |
| Long-term debt | $78,658 | $72,985 | sec.gov |
Filings
| Filed | Filing | Target | Maximum | Deadline | Note | Source |
|---|---|---|---|---|---|---|
| January 9, 2023 | Progress update | $25,000 | $250,000 | December 30, 2022 | Total raised $35,950 | sec.gov |
| November 4, 2022 | Amendment | $25,000 | $250,000 | December 30, 2022 | Offering statement added | sec.gov |
| November 4, 2022 | Offering | $25,000 | $250,000 | December 30, 2022 | sec.gov | |
| January 21, 2021 | Annual report | Not listed | Not listed | sec.gov | ||
| October 8, 2020 | Progress update | $30,000 | $65,000 | September 21, 2020 | Total raised $36,200 | sec.gov |
| August 3, 2020 | Offering | $30,000 | $65,000 | September 21, 2020 | sec.gov |
Updated January 9, 2023. 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.