Data / Crowdfunding / Ohio / Fatwood LLC
Fatwood LLC: crowdfunding raise on Thrivera Ventures Fund I, LLC, $50,000 to $500,000 (2018)
Fatwood LLC, a limited liability company in Cincinnati, OH, filed a Form C with the SEC on April 12, 2018 to raise $50,000 to $500,000 in Fatwood, LLC (dba ALTO Pizza Kitchen + Bar) will issue a Simple Agreement for Future Equity. The investor will get future shares against a $7,500,000 pre-money valuation cap. through Thrivera Ventures Fund I, LLC. The offering closed on May 14, 2018. In its most recent fiscal year it reported $447,888 in revenue and a net loss of $529,118, with 22 employees.
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- Website
- www.alto-pizza.com
- Funding portal
- Thrivera Ventures Fund I, LLC
- Address
- 7406 JAGER CT., Cincinnati, OH 45230
- Legal form
- Limited Liability Company
- Jurisdiction
- OH
- Incorporated
- August 28, 2017
- SEC CIK
- 0001723949
Offering terms
From the amendment filed April 12, 2018.
- Security
- Fatwood, LLC (dba ALTO Pizza Kitchen + Bar) will issue a Simple Agreement for Future Equity. The investor will get future shares against a $7,500,000 pre-money valuation cap.
- Price
- $100.00
- Target
- $50,000
- Maximum
- $500,000
- Deadline
- May 14, 2018
- Portal compensation
- Thrivera Ventures (dba Wunderfund) takes a 6-8% sliding scale success fee.
Financials
From the Form C-AR filed April 1, 2019.
| Most recent fiscal year | Prior fiscal year | Source | |
|---|---|---|---|
| Revenue | $447,888 | $0 | sec.gov |
| Cost of goods sold | $343,630 | $0 | sec.gov |
| Net income | $-529,118 | $0 | sec.gov |
| Taxes paid | $0 | $0 | sec.gov |
| Total assets | $583,877 | $0 | sec.gov |
| Cash | $20,149 | $0 | sec.gov |
| Accounts receivable | $478 | $0 | sec.gov |
| Short-term debt | $126,330 | $0 | sec.gov |
| Long-term debt | $258,449 | $0 | sec.gov |
Filings
| Filed | Filing | Target | Maximum | Deadline | Note | Source |
|---|---|---|---|---|---|---|
| April 1, 2019 | Annual report | Not listed | Not listed | sec.gov | ||
| June 4, 2018 | Progress update | $50,000 | $500,000 | May 14, 2018 | Fatwood LLC (Dba Alto Pizza Kitchen + Bar) officially closed a successful campaign at $54,950. This amounts to 549.5 future equity units sold at $100 each. This is the final amount and update. | sec.gov |
| June 4, 2018 | Withdrawal | Not listed | Not listed | sec.gov | ||
| May 16, 2018 | Progress update | $50,000 | $500,000 | May 14, 2018 | Fatwood LLC (Dba Alto Pizza Kitchen + Bar) closed a successful campaign at $56,000. This amounts to 560 future equity units sold at $100 each. This number is subject to change slightly lower as funds settle in escrow. Update will follow. | sec.gov |
| April 12, 2018 | Amendment | $50,000 | $500,000 | May 14, 2018 | The issuer has decided to extend the campaign until 5/14/18. | sec.gov |
| March 27, 2018 | Amendment | $50,000 | $500,000 | April 14, 2018 | The issuer has decided to extend the campaign until 4/14/18. Also, the issuer is providing an independent CPA review of their financials (i.e. the balance sheet) for investors. Now attached. | sec.gov |
| February 13, 2018 | Amendment | $50,000 | $500,000 | March 30, 2018 | Updated the Form C Q&A to include disclosures about transfer of securities, documentation of where you can find updates from the issuer, and Added Ed Biery as COO on form C | sec.gov |
| February 5, 2018 | Amendment | $50,000 | $500,000 | March 30, 2018 | Updated the Form C Q&A to include disclosures about primary ownership, different share classes, and Cap Table. | sec.gov |
| January 9, 2018 | Amendment | $50,000 | $100,000 | March 30, 2018 | Correction to the CIK number of the intermediary, Thrivera Venture Funds I, LLC dba Wunderfund. | sec.gov |
| January 2, 2018 | Offering | $50,000 | $100,000 | March 30, 2018 | sec.gov |
Updated April 1, 2019. 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.