Data / Crowdfunding / Georgia / Fanbase Social Media, Inc.
Fanbase Social Media, Inc.: crowdfunding raise on StartEngine Capital, LLC, $9,997 to $4,999,989 (2023)
Fanbase Social Media, Inc., a corporation in Atlanta, GA, filed a Form C with the SEC on September 25, 2023 to raise $9,997 to $4,999,989 in Class B Non Voting Common Stock through StartEngine Capital, LLC. The offering closed on November 6, 2023. In its most recent fiscal year it reported $106,651 in revenue and a net loss of $3,090,196, with 4 employees.
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- Website
- www.fanbase.com
- Funding portal
- StartEngine Capital, LLC
- Address
- 976 JEFFERSON ST. NW SUITE I, Atlanta, GA 30318
- Legal form
- Corporation
- Jurisdiction
- DE
- Incorporated
- October 1, 2019
- SEC CIK
- 0001826213
Offering terms
From the amendment filed September 25, 2023.
- Security
- Class B Non Voting Common Stock
- Price
- $3.95
- Target
- $9,997
- Maximum
- $4,999,989
- Deadline
- November 6, 2023
- Portal compensation
- Up to 9% percent
Financials
From the Form C-AR filed April 29, 2025.
| Most recent fiscal year | Prior fiscal year | Source | |
|---|---|---|---|
| Revenue | $106,651 | $105,928 | sec.gov |
| Cost of goods sold | $0 | $0 | sec.gov |
| Net income | $-3,090,196 | $-3,069,300 | sec.gov |
| Taxes paid | $0 | $0 | sec.gov |
| Total assets | $2,175,575 | $986,987 | sec.gov |
| Cash | $922,184 | $695,070 | sec.gov |
| Accounts receivable | $0 | $0 | sec.gov |
| Short-term debt | $420,754 | $469,525 | sec.gov |
| Long-term debt | $865,327 | $0 | sec.gov |
Filings
| Filed | Filing | Target | Maximum | Deadline | Note | Source |
|---|---|---|---|---|---|---|
| April 29, 2025 | Annual report | Not listed | Not listed | sec.gov | ||
| July 10, 2024 | Annual report, amended | Not listed | Not listed | sec.gov | ||
| April 23, 2024 | Annual report | Not listed | Not listed | sec.gov | ||
| November 14, 2023 | Progress update | $9,997 | $4,999,989 | November 6, 2023 | At the close of the offering, the issuer closed on $3,870,315.1 and 1,002,794 number of securities. | sec.gov |
| September 25, 2023 | Amendment | $9,997 | $4,999,989 | November 6, 2023 | Issuer is extending their campaign end date | sec.gov |
| August 23, 2023 | Amendment | $9,997 | $4,999,989 | September 27, 2023 | Issuer is extending their campaign end date | sec.gov |
| June 27, 2023 | Amendment | $9,997 | $4,999,989 | August 28, 2023 | Issuer is extending their campaign end date | sec.gov |
| May 16, 2023 | Amendment | $9,997 | $4,999,989 | June 27, 2023 | Issuer is increasing their offering maximum | sec.gov |
| April 28, 2023 | Annual report | Not listed | Not listed | sec.gov | ||
| April 20, 2023 | Amendment | $9,997 | $3,330,900 | June 27, 2023 | Issuer is extending their end date and updating their financials | sec.gov |
| March 20, 2023 | Amendment | $9,997 | $3,330,904 | April 20, 2023 | Issuer is increasing their offering maximum | sec.gov |
| February 14, 2023 | Amendment | $9,997 | $2,698,316 | April 20, 2023 | Issuer is increasing their offering max and extending the end date | sec.gov |
| December 22, 2022 | Amendment | $9,997 | $2,510,039 | February 20, 2023 | Issuer is extending campaign end date. | sec.gov |
| October 6, 2022 | Progress update | $10,000 | $1,070,000 | June 27, 2021 | Adjustment to the initial Form C-U filing. At the close of the offering, the issuer closed on $3,420,891.74 and 856,687 number of securities. | sec.gov |
| September 23, 2022 | Offering | $9,997 | $2,510,039 | December 22, 2022 | sec.gov | |
| May 3, 2022 | Progress update | $9,996 | $2,599,996 | April 29, 2022 | At the close of the offering, Issuer closed on $1,546,555.16 and 184,431 number of securities | sec.gov |
| May 2, 2022 | Annual report | Not listed | Not listed | sec.gov | ||
| January 25, 2022 | Amendment | $9,996 | $2,599,996 | April 29, 2022 | Issuer added Insider Investment Disclosure | sec.gov |
| December 28, 2021 | Offering | $9,996 | $2,599,996 | April 29, 2022 | sec.gov | |
| June 28, 2021 | Progress update | $10,000 | $1,070,000 | June 27, 2021 | At the close of the offering, the issuer closed on $3,495,065.54 and 876,695 number of securities. | sec.gov |
| June 17, 2021 | Annual report, amended | Not listed | Not listed | sec.gov | ||
| April 27, 2021 | Annual report | Not listed | Not listed | sec.gov | ||
| April 9, 2021 | Amendment | $10,000 | $1,070,000 | June 27, 2021 | Issuer added audited financials, increased its max raise amount, and extended its offering. | sec.gov |
| November 6, 2020 | Amendment | $10,000 | $1,069,996 | April 28, 2021 | Issuer updated its address. | sec.gov |
| October 30, 2020 | Offering | $10,000 | $1,069,996 | April 28, 2021 | sec.gov |
Updated April 29, 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.