Data / Crowdfunding / Ohio / Cherish Productions
Cherish Productions: crowdfunding raise on Thrivera Ventures Fund I, LLC, $10,000 to $107,000 (2018)
Cherish Productions, a limited partnership in Cincinnati, OH, filed a Form C with the SEC on July 25, 2018 to raise $10,000 to $107,000 in The Grocery Runners will issue a Simple Agreement for Future Equity. The first $10,000 subscribed will receive a 30% discount. All incremental investment will receive a 20% discount. Both of these discounts will be against a $2,000,000 Valuation Cap. through Thrivera Ventures Fund I, LLC. The offering closed on November 5, 2018. In its most recent fiscal year it reported $127,444 in revenue and $4,620 in net income, with 1 employees.
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- Website
- thegroceryrunners.com
- Funding portal
- Thrivera Ventures Fund I, LLC
- Address
- 10999 REED HARTMAN HIGHWAY SUITE 301, Cincinnati, OH 45242
- Legal form
- Limited Partnership
- Jurisdiction
- OH
- Incorporated
- September 5, 2015
- SEC CIK
- 0001745004
Offering terms
From the offering filed July 25, 2018.
- Security
- The Grocery Runners will issue a Simple Agreement for Future Equity. The first $10,000 subscribed will receive a 30% discount. All incremental investment will receive a 20% discount. Both of these discounts will be against a $2,000,000 Valuation Cap.
- Price
- $1.00
- Target
- $10,000
- Maximum
- $107,000
- Deadline
- November 5, 2018
- Portal compensation
- Intermediary will be compensated 8% on the total of a successful fundraise.
Financials
From the Form C-AR filed May 7, 2019.
| Most recent fiscal year | Prior fiscal year | Source | |
|---|---|---|---|
| Revenue | $127,444 | $87,275 | sec.gov |
| Cost of goods sold | $67,222 | $38,684 | sec.gov |
| Net income | $4,620 | $0 | sec.gov |
| Taxes paid | $0 | $0 | sec.gov |
| Total assets | $29,999 | $29,413 | sec.gov |
| Cash | $15,152 | $-1,233 | sec.gov |
| Accounts receivable | $14,847 | $30,646 | sec.gov |
| Short-term debt | $0 | $2,937 | sec.gov |
| Long-term debt | $126,281 | $127,377 | sec.gov |
Filings
| Filed | Filing | Target | Maximum | Deadline | Note | Source |
|---|---|---|---|---|---|---|
| May 7, 2019 | Annual report | Not listed | Not listed | sec.gov | ||
| November 13, 2018 | Progress update | $10,000 | $107,000 | November 5, 2018 | The issuer offering resulted in a total of $25,650 raised in total. This resulted in 25,650 future equity units issued. | sec.gov |
| July 25, 2018 | Offering | $10,000 | $107,000 | November 5, 2018 | sec.gov |
Updated May 7, 2019. 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.