Data / Crowdfunding / Utah / Connection Publishing, LLC
Connection Publishing, LLC: crowdfunding raise on Mr. Crowd, $10,000 to $107,000 (2020)
Connection Publishing, LLC, a limited liability company in North Ogden, UT, filed a Form C with the SEC on June 19, 2020 to raise $10,000 to $107,000 in Membership Units through Mr. Crowd. The offering closed on December 31, 2020. In its most recent fiscal year it reported $500,566 in revenue and a net loss of $43,661, with 3 employees.
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- Website
- www.connectionpub.com
- Funding portal
- Mr. Crowd
- Address
- 163 W. LOMOND VIEW DR., North Ogden, UT 84414
- Legal form
- Limited Liability Company
- Jurisdiction
- UT
- Incorporated
- July 5, 2016
- SEC CIK
- 0001773062
Offering terms
From the amendment filed June 19, 2020.
- Security
- Membership Units
- Price
- $1.00
- Target
- $10,000
- Maximum
- $107,000
- Deadline
- December 31, 2020
- Portal compensation
- 1) The issuer shall pay the intermediary a fee equal to 5% of the gross amount raised. 2) The issuer shall pay or reimburse all reasonable out-of-pocket third party expenses incurred by the intermediary on behalf of the issuer.
Financials
From the Form C/A filed June 19, 2020.
| Most recent fiscal year | Prior fiscal year | Source | |
|---|---|---|---|
| Revenue | $500,566 | $345,950 | sec.gov |
| Cost of goods sold | $97,274 | $76,898 | sec.gov |
| Net income | $-43,661 | $25,453 | sec.gov |
| Taxes paid | $5,461 | $726 | sec.gov |
| Total assets | $26,833 | $22,064 | sec.gov |
| Cash | $4,897 | $770 | sec.gov |
| Accounts receivable | $21,936 | $21,294 | sec.gov |
| Short-term debt | $75,290 | $34,922 | sec.gov |
| Long-term debt | $38,994 | $0 | sec.gov |
Filings
| Filed | Filing | Target | Maximum | Deadline | Note | Source |
|---|---|---|---|---|---|---|
| June 19, 2020 | Amendment | $10,000 | $107,000 | December 31, 2020 | Updates: compensation to intermediary; update of financial statements; min and max offering amount; use of proceeds; financial conditions and historical results of operation; risk factors; valuation method; material terms of indebtedness | sec.gov |
| March 25, 2020 | Amendment | $50,000 | $600,000 | December 31, 2020 | Extension of offering deadline | sec.gov |
| May 16, 2019 | Offering | $50,000 | $600,000 | March 31, 2020 | sec.gov |
Updated June 19, 2020. 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.