Data / Crowdfunding / Tennessee / Fan Owned Club, Inc.
Fan Owned Club, Inc.: crowdfunding raise on Wefunder Portal LLC, $50,000 to $544,000 (2023)
Fan Owned Club, Inc., a corporation in Nashville, TN, filed a Form C with the SEC on December 11, 2023 to raise $50,000 to $544,000 in common stock through Wefunder Portal LLC. The offering closed on April 29, 2024. In its most recent fiscal year it reported $10,379 in revenue and a net loss of $329,814, with 6 employees.
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- Website
- www.fanownedclub.com
- Funding portal
- Wefunder Portal LLC
- Address
- 4100B Wyoming Avenue, Nashville, TN 37209
- Legal form
- Corporation
- Jurisdiction
- DE
- Incorporated
- March 6, 2019
- SEC CIK
- 0001790587
Offering terms
From the amendment filed December 11, 2023.
- Security
- Common Stock
- Price
- $10.00
- Target
- $50,000
- Maximum
- $544,000
- Deadline
- April 29, 2024
- Portal compensation
- 7.5% of the offering amount upon a successful fundraise, and be entitled to reimbursement for out-of-pocket third party expenses it pays or incurs on behalf of the Issuer in connection with the offering.
Financials
From the Form C/A filed December 11, 2023.
| Most recent fiscal year | Prior fiscal year | Source | |
|---|---|---|---|
| Revenue | $10,379 | $0 | sec.gov |
| Cost of goods sold | $3,667 | $14,468 | sec.gov |
| Net income | $-329,814 | $-260,614 | sec.gov |
| Taxes paid | $5,061 | $9,250 | sec.gov |
| Total assets | $1,919,749 | $2,023,393 | sec.gov |
| Cash | $33,618 | $30,432 | sec.gov |
| Accounts receivable | $0 | $0 | sec.gov |
| Short-term debt | $795,361 | $660,351 | sec.gov |
| Long-term debt | $245,500 | $250,000 | sec.gov |
Filings
| Filed | Filing | Target | Maximum | Deadline | Note | Source |
|---|---|---|---|---|---|---|
| December 11, 2023 | Amendment | $50,000 | $544,000 | April 29, 2024 | Adding VIP terms | sec.gov |
| September 18, 2023 | Offering | $50,000 | $544,000 | April 29, 2024 | sec.gov | |
| September 14, 2023 | Annual report | Not listed | Not listed | sec.gov | ||
| April 12, 2022 | Amendment | $50,000 | $711,800 | April 30, 2023 | Adding 2021 financials and extending the offering deadline. | sec.gov |
| December 22, 2021 | Amendment | $50,000 | $711,800 | April 30, 2022 | changing terms | sec.gov |
| April 20, 2021 | Amendment | $200,000 | $1,070,000 | April 30, 2022 | Added CPA reviewed 2020 financials, extended close | sec.gov |
| February 4, 2021 | Amendment | $200,000 | $1,070,000 | April 30, 2021 | Adjusted number of full time employees, adjusted Board and Officers | sec.gov |
| April 10, 2020 | Offering | $200,000 | $1,070,000 | August 7, 2020 | sec.gov |
Updated December 11, 2023. 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.