Data / Crowdfunding / California / festivalPass, LLC
festivalPass, LLC: crowdfunding raise on StartEngine Capital, LLC, $9,999 to $999,999 (2021)
festivalPass, LLC, a limited liability company in West Hollywood, CA, filed a Form C with the SEC on May 12, 2021 to raise $9,999 to $999,999 in Class A Units through StartEngine Capital, LLC. The offering closed on September 22, 2021. In its most recent fiscal year it reported $1,553 in revenue and a net loss of $1,020,518, with 10 employees.
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- Website
- www.festivalpass.com
- Funding portal
- StartEngine Capital, LLC
- Address
- 750 N SAN VICENTE BLVD. STE. 800 WEST, West Hollywood, CA 90069
- Legal form
- Limited Liability Company
- Jurisdiction
- DE
- Incorporated
- February 20, 2019
- SEC CIK
- 0001810447
Offering terms
From the amendment filed May 12, 2021.
- Security
- Class A Units
- Price
- $2.88
- Target
- $9,999
- Maximum
- $999,999
- Deadline
- September 22, 2021
- Portal compensation
- 7.0 percent
Financials
From the Form C-U filed October 6, 2022.
| Most recent fiscal year | Prior fiscal year | Source | |
|---|---|---|---|
| Revenue | $1,553 | $1,184 | sec.gov |
| Cost of goods sold | $0 | $0 | sec.gov |
| Net income | $-1,020,518 | $-125,060 | sec.gov |
| Taxes paid | $0 | $0 | sec.gov |
| Total assets | $92,412 | $0 | sec.gov |
| Cash | $92,412 | $0 | sec.gov |
| Accounts receivable | $0 | $0 | sec.gov |
| Short-term debt | $183,863 | $60 | sec.gov |
| Long-term debt | $0 | $0 | sec.gov |
Filings
| Filed | Filing | Target | Maximum | Deadline | Note | Source |
|---|---|---|---|---|---|---|
| October 6, 2022 | Progress update | $9,999 | $999,999 | September 22, 2021 | Adjustment to the initial Form C-U filing. At the close of the offering, the issuer closed on $76,594.24 and 29,342 shares of common stock. | sec.gov |
| September 20, 2021 | Progress update | $9,999 | $999,999 | September 22, 2021 | At the close of the offering, the issuer closed on $84,928.49 and 30,916 shares of common stock. | sec.gov |
| May 12, 2021 | Amendment | $9,999 | $999,999 | September 22, 2021 | Updating minimum investment amount | sec.gov |
| March 26, 2021 | Offering | $9,999 | $999,999 | September 22, 2021 | sec.gov | |
| March 23, 2021 | Progress update | $50,001 | $1,069,999 | December 4, 2020 | Issuer raised $120,601.00 and issued 72,651 shares. | sec.gov |
| September 15, 2020 | Amendment | $50,001 | $1,069,999 | December 4, 2020 | Adding Lead Investor | sec.gov |
| May 15, 2020 | Offering | $50,001 | $1,069,999 | August 17, 2020 | sec.gov |
Updated October 6, 2022. 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.