Data / Crowdfunding / Pennsylvania / Epoch Financial Group, Inc.
Epoch Financial Group, Inc.: crowdfunding raise on OpenDeal Portal LLC, $25,000 to $5,000,000 (2022)
Epoch Financial Group, Inc., a corporation in Philadelphia, PA, filed a Form C with the SEC on March 28, 2022 to raise $25,000 to $5,000,000 in Crowd SAFE (Simple Agreement for Future Equity) through OpenDeal Portal LLC. The offering closed on April 22, 2022. In its most recent fiscal year it reported $6,244,927 in revenue and $334,333 in net income, with 43 employees.
SpecStream is the live web data engine for teams and agents. It reads every Form C on SEC EDGAR each morning, and this page is that reading. Ask for your own cut (a portal, a state, a size, a revenue range) and new raises arrive in your sheet, CRM, Slack or agent as they land.
- Website
- epochfg.com
- Funding portal
- OpenDeal Portal LLC
- Address
- 2001 MARKET STREET STE. 2500, Philadelphia, PA 19103
- Legal form
- Corporation
- Jurisdiction
- DE
- Incorporated
- October 30, 2018
- SEC CIK
- 0001879376
Offering terms
From the amendment filed March 28, 2022.
- Security
- Crowd SAFE (Simple Agreement for Future Equity)
- Price
- $1.00
- Target
- $25,000
- Maximum
- $5,000,000
- Deadline
- April 22, 2022
- Portal compensation
- At the conclusion of the offering, the issuer shall pay a fee of six percent (6%) of the amount raised in the offering to the Intermediary.
Financials
From the Form C-AR filed May 2, 2022.
| Most recent fiscal year | Prior fiscal year | Source | |
|---|---|---|---|
| Revenue | $6,244,927 | $4,493,037 | sec.gov |
| Cost of goods sold | $0 | $0 | sec.gov |
| Net income | $334,333 | $-218,020 | sec.gov |
| Taxes paid | $2,000 | $0 | sec.gov |
| Total assets | $357,728 | $682,332 | sec.gov |
| Cash | $223,512 | $658,337 | sec.gov |
| Accounts receivable | $97,510 | $21,404 | sec.gov |
| Short-term debt | $470,017 | $1,060,955 | sec.gov |
| Long-term debt | $179,901 | $149,900 | sec.gov |
Filings
| Filed | Filing | Target | Maximum | Deadline | Note | Source |
|---|---|---|---|---|---|---|
| May 2, 2022 | Termination of reporting | Not listed | Not listed | sec.gov | ||
| May 2, 2022 | Annual report | Not listed | Not listed | sec.gov | ||
| April 27, 2022 | Progress update | $25,000 | $5,000,000 | April 22, 2022 | The Offering closed successfully on [End Date], having received investment commitments of [Amount Listed on Offering Page], although a final accounting has not taken place. | sec.gov |
| March 28, 2022 | Amendment | $25,000 | $5,000,000 | April 22, 2022 | This non-material amendment is filed to note the change in Escrow Agent. | sec.gov |
| March 3, 2022 | Offering | $25,000 | $5,000,000 | April 22, 2022 | sec.gov |
Updated May 2, 2022. 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.