Data / Crowdfunding / Virginia / FaultLine Issuer LLC
FaultLine Issuer LLC: crowdfunding raise on Crowdsurf Funding Portal LLC, $40,000 to $120,000 (2024)
FaultLine Issuer LLC, a limited liability company in Alexandria, VA, filed a Form C with the SEC on July 25, 2024 to raise $40,000 to $120,000 in Units of Class A Membership Interests through Crowdsurf Funding Portal LLC. The offering closed on September 30, 2024. In its most recent fiscal year it reported $0 in revenue and a net loss of $41,406.
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- Website
- www.youtube.com/c/NeverMyFault
- Funding portal
- Crowdsurf Funding Portal LLC
- Address
- 6375 RICHMOND HWY, APT 564, Alexandria, VA 22306
- Legal form
- Limited Liability Company
- Jurisdiction
- DE
- Incorporated
- February 14, 2024
- SEC CIK
- 0002012869
Offering terms
From the amendment filed July 25, 2024.
- Security
- Units of Class A Membership Interests
- Price
- $50.00
- Target
- $40,000
- Maximum
- $120,000
- Deadline
- September 30, 2024
- Portal compensation
- At the conclusion of the Offering, the Issuer shall pay to the Intermediary (i) a cash fee of ten percent (10%) of the total amount raised in the Offering, and (ii) a fee of two percent (2%) of the number of Securities sold in the Offering.
Financials
From the Form C-AR filed May 1, 2025.
| Most recent fiscal year | Prior fiscal year | Source | |
|---|---|---|---|
| Revenue | $0 | $0 | sec.gov |
| Cost of goods sold | $0 | $0 | sec.gov |
| Net income | $-41,406 | $0 | sec.gov |
| Taxes paid | $0 | $0 | sec.gov |
| Total assets | $34,462 | $0 | sec.gov |
| Cash | $32,472 | $0 | sec.gov |
| Accounts receivable | $0 | $0 | sec.gov |
| Short-term debt | $4,744 | $0 | sec.gov |
| Long-term debt | $0 | $0 | sec.gov |
Filings
| Filed | Filing | Target | Maximum | Deadline | Note | Source |
|---|---|---|---|---|---|---|
| May 1, 2025 | Annual report | Not listed | Not listed | sec.gov | ||
| July 25, 2024 | Amendment | $40,000 | $120,000 | September 30, 2024 | This amendment is filed to (i) extend the Offering Deadline to September 30, 2024; (ii) increase the Minimum Individual Purchase Amount to $100; and (iii) change the Target Offering Amount to $40,000 and create a Maximum Target Offering Amount of $120,000. | sec.gov |
| April 26, 2024 | Amendment | $120,000 | $120,000 | July 26, 2024 | This amendment is filed to (i) extend the Offering Deadline to July 26, 2024; and (ii) replace the current Exhibit B with an updated Subscription and Joinder Agreement that incorporates joinder language into the document. | sec.gov |
| March 27, 2024 | Offering | $120,000 | $120,000 | June 25, 2024 | sec.gov |
Updated May 1, 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.