Data / Crowdfunding / New York / Faction Communications Corp.
Faction Communications Corp.: crowdfunding raise on StartEngine Primary, LLC, $124,000 to $1,235,000 (2025)
Faction Communications Corp., a corporation in Troy, NY, filed a Form C with the SEC on April 2, 2025 to raise $124,000 to $1,235,000 in Convertible Note through StartEngine Primary, LLC. The offering closed on July 2, 2025. In its most recent fiscal year it reported $0 in revenue and a net loss of $549,924, with 5 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
- www.factionnetworks.com
- Funding portal
- StartEngine Primary, LLC
- Address
- 81 4TH STREET, SUITE B SUITE B, Troy, NY 12180
- Legal form
- Corporation
- Jurisdiction
- DE
- Incorporated
- December 20, 2022
- SEC CIK
- 0002063496
Offering terms
From the offering filed April 2, 2025.
- Security
- Convertible Note
- Target
- $124,000
- Maximum
- $1,235,000
- Deadline
- July 2, 2025
- Portal compensation
- 7 - 13 percent
Financials
From the Form C-U filed June 12, 2025.
| Most recent fiscal year | Prior fiscal year | Source | |
|---|---|---|---|
| Revenue | $0 | $0 | sec.gov |
| Cost of goods sold | $0 | $0 | sec.gov |
| Net income | $-549,924 | $-520,374 | sec.gov |
| Taxes paid | $0 | $0 | sec.gov |
| Total assets | $65 | $35,735 | sec.gov |
| Cash | $65 | $35,735 | sec.gov |
| Accounts receivable | $0 | $0 | sec.gov |
| Short-term debt | $1,063,734 | $555,279 | sec.gov |
| Long-term debt | $0 | $0 | sec.gov |
Filings
| Filed | Filing | Target | Maximum | Deadline | Note | Source |
|---|---|---|---|---|---|---|
| June 12, 2025 | Progress update | $124,000 | $1,235,000 | July 2, 2025 | The issuer closed on $0 and no securities. | sec.gov |
| April 18, 2025 | Progress update | $124,000 | $1,235,000 | July 2, 2025 | The issuer has raised over 50% ($76,070.45) of the offering target amount ($124,000). | sec.gov |
| April 2, 2025 | Offering | $124,000 | $1,235,000 | July 2, 2025 | sec.gov |
Updated June 12, 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.