Data / Crowdfunding / Florida / AVALON.AI LLC
AVALON.AI LLC: crowdfunding raise on PicMii Crowdfunding LLC, $9,996 to $4,999,992 (2024)
AVALON.AI LLC, a limited liability company in Weston, FL, filed a Form C with the SEC on August 22, 2024 to raise $9,996 to $4,999,992 in Class B Non-Voting Capital Units through PicMii Crowdfunding LLC. The offering closed on October 21, 2024. In its most recent fiscal year it reported $220,400 in revenue and $25,335 in net income, with 2 employees.
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- Website
- www.avalonai.co
- Funding portal
- PicMii Crowdfunding LLC
- Address
- 304 INDIAN TRCE #228, Weston, FL 33326
- Legal form
- Limited Liability Company
- Jurisdiction
- FL
- Incorporated
- March 24, 2020
- SEC CIK
- 0002024055
Offering terms
From the amendment filed August 22, 2024.
- Security
- Class B Non-Voting Capital Units
- Price
- $12.00
- Target
- $9,996
- Maximum
- $4,999,992
- Deadline
- October 21, 2024
- Portal compensation
- PicMii is a FINRA/SEC registered funding portal and will receive cash compensation equal to 4.0% of the value of the securities sold through Regulation CF. PicMii also receives a $2,500 up-front fee and reimbursement for costs associated with escrow.
Financials
From the Form C-U filed December 12, 2024.
| Most recent fiscal year | Prior fiscal year | Source | |
|---|---|---|---|
| Revenue | $220,400 | $52,063 | sec.gov |
| Cost of goods sold | $0 | $0 | sec.gov |
| Net income | $25,335 | $117,464 | sec.gov |
| Taxes paid | $0 | $0 | sec.gov |
| Total assets | $12,206 | $77 | sec.gov |
| Cash | $12,206 | $77 | sec.gov |
| Accounts receivable | $0 | $0 | sec.gov |
| Short-term debt | $0 | $0 | sec.gov |
| Long-term debt | $515,000 | $515,000 | sec.gov |
Filings
| Filed | Filing | Target | Maximum | Deadline | Note | Source |
|---|---|---|---|---|---|---|
| December 12, 2024 | Progress update | $9,996 | $4,999,992 | October 21, 2024 | At the end of their raise, Avalon.Ai raised $10,080. | sec.gov |
| August 22, 2024 | Amendment | $9,996 | $4,999,992 | October 21, 2024 | The issuer will be shortening their campaign to October 21, 2024. Time based incentives will be restarting from today. Incentives for existing investors remain unaffected. | sec.gov |
| July 24, 2024 | Amendment | $9,996 | $4,999,992 | December 31, 2024 | The issuer is adding time based incentives to their raise. There will be a 20% discount for the first 2 weeks, 10% for the next two weeks, and 5% for the last two weeks. | sec.gov |
| May 24, 2024 | Offering | $9,996 | $4,999,992 | December 31, 2024 | sec.gov |
Updated December 12, 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.