Data / Crowdfunding / Illinois / ABC FinTech LLC
ABC FinTech LLC: crowdfunding raise on Wefunder Portal LLC, $100,000 to $1,069,940 (2022)
ABC FinTech LLC, a limited liability company in Chicago, IL, filed a Form C with the SEC on April 27, 2022 to raise $100,000 to $1,069,940 in preferred stock through Wefunder Portal LLC. The offering closed on April 30, 2023. In its most recent fiscal year it reported $17,508 in revenue and a net loss of $96,065, with 6 employees.
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- Website
- www.abctokens.com
- Funding portal
- Wefunder Portal LLC
- Address
- 3206 W. Armitage Avenue, Chicago, IL 60647
- Legal form
- Limited Liability Company
- Jurisdiction
- DE
- Incorporated
- August 3, 2020
- SEC CIK
- 0001905555
Offering terms
From the amendment filed April 27, 2022.
- Security
- Preferred Stock
- Price
- $110.00
- Target
- $100,000
- Maximum
- $1,069,940
- Deadline
- April 30, 2023
- Portal compensation
- 6.5% 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 27, 2022.
| Most recent fiscal year | Prior fiscal year | Source | |
|---|---|---|---|
| Revenue | $17,508 | $0 | sec.gov |
| Cost of goods sold | $0 | $0 | sec.gov |
| Net income | $-96,065 | $-15,485 | sec.gov |
| Taxes paid | $0 | $0 | sec.gov |
| Total assets | $63,616 | $385 | sec.gov |
| Cash | $3,823 | $385 | sec.gov |
| Accounts receivable | $2,877 | $0 | sec.gov |
| Short-term debt | $61,716 | $15,485 | sec.gov |
| Long-term debt | $113,070 | $0 | sec.gov |
Filings
| Filed | Filing | Target | Maximum | Deadline | Note | Source |
|---|---|---|---|---|---|---|
| April 27, 2022 | Amendment | $100,000 | $1,069,940 | April 30, 2023 | Adding 2021 financials and extending the close date | sec.gov |
| February 25, 2022 | Amendment | $100,000 | $1,069,940 | April 30, 2022 | disclosing principal owners | sec.gov |
| February 3, 2022 | Offering | $100,000 | $1,069,940 | April 30, 2022 | sec.gov |
Updated April 27, 2022. 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.