Data / Crowdfunding / South Carolina / ABH Holdco, Inc.
ABH Holdco, Inc.: crowdfunding raise on StartEngine Capital, LLC, $9,998 to $4,746,000 (2023)
ABH Holdco, Inc., a corporation in Charleston, SC, filed a Form C with the SEC on August 24, 2023 to raise $9,998 to $4,746,000 in Series CF-2 Non-Voting Preferred Stock through StartEngine Capital, LLC. The offering closed on November 16, 2023. In its most recent fiscal year it reported $873,438 in revenue and a net loss of $5,413,739, with 5 employees.
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- Website
- www.islandbrandsusa.com
- Funding portal
- StartEngine Capital, LLC
- Address
- 49 IMMIGRATION ST. SUITE 204 PLEASE UPDATE THIS VALUE, Charleston, SC 29403
- Legal form
- Corporation
- Jurisdiction
- SC
- Incorporated
- March 1, 2019
- SEC CIK
- 0001783271
Offering terms
From the amendment filed August 24, 2023.
- Security
- Series CF-2 Non-Voting Preferred Stock
- Price
- $7.91
- Target
- $9,998
- Maximum
- $4,746,000
- Deadline
- November 16, 2023
- Portal compensation
- 7 - 13 percent
Financials
From the Form C-AR filed May 1, 2024.
| Most recent fiscal year | Prior fiscal year | Source | |
|---|---|---|---|
| Revenue | $873,438 | $1,669,081 | sec.gov |
| Cost of goods sold | $1,100,316 | $1,386,043 | sec.gov |
| Net income | $-5,413,739 | $-3,160,779 | sec.gov |
| Taxes paid | $0 | $0 | sec.gov |
| Total assets | $1,150,703 | $3,541,533 | sec.gov |
| Cash | $465,374 | $130,963 | sec.gov |
| Accounts receivable | $10,685 | $0 | sec.gov |
| Short-term debt | $7,503,274 | $100,820 | sec.gov |
| Long-term debt | $741,667 | $4,610,000 | sec.gov |
Filings
| Filed | Filing | Target | Maximum | Deadline | Note | Source |
|---|---|---|---|---|---|---|
| May 13, 2025 | Termination of reporting | Not listed | Not listed | sec.gov | ||
| May 1, 2024 | Annual report | Not listed | Not listed | sec.gov | ||
| December 15, 2023 | Progress update | $9,998 | $4,746,000 | November 16, 2023 | At the close of the offering, the issuer closed on $1,508,775.62 and 195,723 number of securities. | sec.gov |
| August 24, 2023 | Amendment | $9,998 | $4,746,000 | November 16, 2023 | Issuer is extending their campaign end date and adding a new team member | sec.gov |
| June 27, 2023 | Amendment | $9,998 | $4,746,000 | August 24, 2023 | Issuer is adding a new campaign video and transcript | sec.gov |
| June 15, 2023 | Amendment | $9,998 | $4,746,000 | August 24, 2023 | Issuer is extending their end date | sec.gov |
| April 26, 2023 | Annual report | Not listed | Not listed | sec.gov | ||
| April 24, 2023 | Amendment | $9,998 | $4,746,000 | June 23, 2023 | Issuer is extending their end date and updating their financials | sec.gov |
| February 17, 2023 | Amendment | $9,998 | $4,746,000 | April 24, 2023 | Offering is updating their page and extending the offering end date | sec.gov |
| December 19, 2022 | Amendment | $9,998 | $4,746,000 | February 20, 2023 | Issuer is extending the campaign end date. | sec.gov |
| October 11, 2022 | Amendment | $9,998 | $4,746,000 | December 20, 2022 | Issuer is extending the campaign end date and updating the director and officer section. | sec.gov |
| October 6, 2022 | Progress update | $9,996 | $5,000,000 | September 15, 2021 | Adjustment to the initial Form C-U filing. At the close of the offering, the issuer closed on $4,191,633.25 and 928,357 number of securities. | sec.gov |
| August 22, 2022 | Amendment | $9,998 | $4,746,000 | October 21, 2022 | Issuer is extending campaign end date. | sec.gov |
| June 22, 2022 | Amendment | $9,998 | $4,746,000 | August 22, 2022 | Issuer is extending campaign end date, updating maximum funding goal, removing a director, adding three new directors, and adding new company securities. | sec.gov |
| April 25, 2022 | Annual report | Not listed | Not listed | sec.gov | ||
| April 22, 2022 | Amendment | $9,998 | $999,998 | June 22, 2022 | Issuer is extending the campaign, updating their financials, and raising their maximum funding goal. | sec.gov |
| February 3, 2022 | Amendment | $9,998 | $918,477 | April 23, 2022 | Issuer is disclosing an officer change, amending their articles of incorporation, and extending their campaign 60 days. | sec.gov |
| November 24, 2021 | Offering | $9,998 | $942,429 | February 22, 2022 | sec.gov | |
| November 24, 2021 | Progress update | $9,996 | $5,000,000 | September 15, 2021 | Shares Issued 928,411, amount raised $4,057,546.8 | sec.gov |
| June 16, 2021 | Amendment | $9,996 | $5,000,000 | September 15, 2021 | Issuer is extending the length of their campaign by 90 days. | sec.gov |
| May 5, 2021 | Amendment | $9,996 | $1,070,000 | June 17, 2021 | Raising their maximum raise amount | sec.gov |
| March 19, 2021 | Amendment | $9,996 | $1,070,000 | June 17, 2021 | Extending and raising their max | sec.gov |
| November 25, 2020 | Offering | $9,996 | $1,069,993 | April 30, 2021 | sec.gov |
Updated May 13, 2025. 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.