Data / Crowdfunding / California / Audition, Inc.
Audition, Inc.: crowdfunding raise on DEALMAKER SECURITIES LLC, $25,000 to $2,500,000 (2023)
Audition, Inc., a corporation in Los Angeles, CA, filed a Form C with the SEC on September 7, 2023 to raise $25,000 to $2,500,000 in common stock through DEALMAKER SECURITIES LLC. The offering closed on April 12, 2024. In its most recent fiscal year it reported $0 in revenue and a net loss of $1,068,732, with 4 employees.
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- Website
- hollyentertainment.com
- Funding portal
- DEALMAKER SECURITIES LLC
- Address
- 3415 South Sepulveda Blvd. Suite 1000, Los Angeles, CA 90034
- Legal form
- Corporation
- Jurisdiction
- CA
- Incorporated
- February 1, 2021
- SEC CIK
- 0001969060
Offering terms
From the amendment filed September 7, 2023.
- Security
- Common Stock
- Price
- $1.00
- Target
- $25,000
- Maximum
- $2,500,000
- Deadline
- April 12, 2024
- Portal compensation
- $15,000 non-refundable fee + 8.5% of raise amount + $2,000 monthly maintenance fee + $10,000 monthly marketing fee. Refer to Exhibit A for a full explanation of fees.
Financials
From the Form C-U filed January 16, 2024.
| Most recent fiscal year | Prior fiscal year | Source | |
|---|---|---|---|
| Revenue | $0 | $0 | sec.gov |
| Cost of goods sold | $0 | $0 | sec.gov |
| Net income | $-1,068,732 | $-429,180 | sec.gov |
| Taxes paid | $800 | $0 | sec.gov |
| Total assets | $133,021 | $58,620 | sec.gov |
| Cash | $128,021 | $58,620 | sec.gov |
| Accounts receivable | $0 | $0 | sec.gov |
| Short-term debt | $1,029,558 | $363,000 | sec.gov |
| Long-term debt | $0 | $0 | sec.gov |
Filings
| Filed | Filing | Target | Maximum | Deadline | Note | Source |
|---|---|---|---|---|---|---|
| January 16, 2024 | Progress update | $25,000 | Not listed | April 12, 2024 | The Company raised $89,985 in this offering. | sec.gov |
| September 7, 2023 | Amendment | $25,000 | $2,500,000 | April 12, 2024 | Change target raise amount, minimum investment and update investor perks | sec.gov |
| April 13, 2023 | Offering | $25,000 | $5,000,000 | April 12, 2024 | sec.gov |
Updated January 16, 2024. 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.