Data / Crowdfunding / Florida / Coastal Brands, Inc.
Coastal Brands, Inc.: crowdfunding raise on StartEngine Primary, LLC, $20,000 to $1,235,000 (2024)
Coastal Brands, Inc., a corporation in Sarasota, FL, filed a Form C with the SEC on December 27, 2024 to raise $20,000 to $1,235,000 in common stock through StartEngine Primary, LLC. The offering closed on March 27, 2025. In its most recent fiscal year it reported $1,477,451 in revenue and a net loss of $1,927,290, with 4 employees.
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- Website
- www.bushwackerspirits.com
- Funding portal
- StartEngine Primary, LLC
- Address
- 3135 SOUTHGATE CIRCLE, Sarasota, FL 34239
- Legal form
- Corporation
- Jurisdiction
- DE
- Incorporated
- November 14, 2024
- SEC CIK
- 0002047825
Offering terms
From the amendment filed December 27, 2024.
- Security
- Common Stock
- Price
- $2.00
- Target
- $20,000
- Maximum
- $1,235,000
- Deadline
- March 27, 2025
- Portal compensation
- 7 - 13 percent
Financials
From the Form C-U filed April 1, 2025.
| Most recent fiscal year | Prior fiscal year | Source | |
|---|---|---|---|
| Revenue | $1,477,451 | $1,444,994 | sec.gov |
| Cost of goods sold | $1,163,067 | $956,914 | sec.gov |
| Net income | $-1,927,290 | $-1,763,106 | sec.gov |
| Taxes paid | $0 | $0 | sec.gov |
| Total assets | $817,579 | $1,074,695 | sec.gov |
| Cash | $18,869 | $26,164 | sec.gov |
| Accounts receivable | $0 | $0 | sec.gov |
| Short-term debt | $195,000 | $145,000 | sec.gov |
| Long-term debt | $622,579 | $929,695 | sec.gov |
Filings
| Filed | Filing | Target | Maximum | Deadline | Note | Source |
|---|---|---|---|---|---|---|
| April 1, 2025 | Progress update | $20,000 | $1,235,000 | March 27, 2025 | The Issuer closed on $193,565.7 and 98,090 shares. | sec.gov |
| December 27, 2024 | Amendment | $20,000 | $1,235,000 | March 27, 2025 | Clarified options in securities count and valuation; corrected prior previous year debt numbers; reduced minimum to $20K with use of proceeds update; extended deadline to 03/27/2025 | sec.gov |
| December 26, 2024 | Progress update | $124,000 | $1,235,000 | March 10, 2025 | The issuer has raised over 100% ($133,471.53) of the offering target amount ($124,000). | sec.gov |
| December 17, 2024 | Progress update | $124,000 | $1,235,000 | March 10, 2025 | The issuer has raised over 50% ($93,744.09) of the offering target amount ($124,000). | sec.gov |
| December 11, 2024 | Amendment | $124,000 | $1,235,000 | March 10, 2025 | Issuer is updating offering max to 1.235M. | sec.gov |
| December 10, 2024 | Offering | $124,000 | $124,000 | March 10, 2025 | sec.gov |
Updated April 1, 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.