Data / Crowdfunding / Connecticut / FLY Wilmington LLC
FLY Wilmington LLC: crowdfunding raise on FOLLA CAPITAL, LLC, $200,000 to $5,000,000 (2022)
FLY Wilmington LLC, a limited liability company in Westport, CT, filed a Form C with the SEC on November 28, 2022 to raise $200,000 to $5,000,000 in debt through FOLLA CAPITAL, LLC. The offering closed on March 30, 2023. In its most recent fiscal year it reported $0 in revenue and a net loss of $166,605, with 3 employees.
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- Website
- www.flywilmingtonnc.com
- Funding portal
- FOLLA CAPITAL, LLC
- Address
- 115 S COMPO ROAD, Westport, CT 06880
- Legal form
- Limited Liability Company
- Jurisdiction
- DE
- Incorporated
- June 21, 2021
- SEC CIK
- 0001917228
Offering terms
From the amendment filed November 28, 2022.
- Security
- Debt
- Price
- $1,000.00
- Target
- $200,000
- Maximum
- $5,000,000
- Deadline
- March 30, 2023
- Portal compensation
- The issuer shall pay $1,500 per month retainer fee and, the issuer shall pay an 8% commission on the gross amount raised, with credit given for the monthly retainer fees paid if the raise is successful.
Financials
From the Form C-AR filed April 26, 2024.
| Most recent fiscal year | Prior fiscal year | Source | |
|---|---|---|---|
| Revenue | $0 | $0 | sec.gov |
| Cost of goods sold | $0 | $0 | sec.gov |
| Net income | $-166,605 | $-101,919 | sec.gov |
| Taxes paid | $1,728 | $0 | sec.gov |
| Total assets | $3,630,894 | $1,418,500 | sec.gov |
| Cash | $20,901 | $8,507 | sec.gov |
| Accounts receivable | $0 | $0 | sec.gov |
| Short-term debt | $0 | $0 | sec.gov |
| Long-term debt | $1,776,500 | $216,500 | sec.gov |
Filings
| Filed | Filing | Target | Maximum | Deadline | Note | Source |
|---|---|---|---|---|---|---|
| April 26, 2024 | Annual report | Not listed | Not listed | sec.gov | ||
| April 3, 2023 | Progress update | $200,000 | $5,000,000 | March 30, 2023 | The Reg CF campaign closed on March 30, 2023. The total amount raised was $371,500 | sec.gov |
| November 28, 2022 | Amendment | $200,000 | $5,000,000 | March 30, 2023 | Amend the interest rate of the Patriots Business Bond from 10% to prime rate plus 6% with a floor of 10% | sec.gov |
| September 7, 2022 | Amendment | $200,000 | $5,000,000 | March 30, 2023 | Amend the target offering amount from $1,000,000 to $200,000 and amend the offering deadline from December 31, 2022, to March 30, 2023 | sec.gov |
| March 31, 2022 | Offering | $1,000,000 | Not listed | December 31, 2022 | sec.gov |
Updated April 26, 2024. 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.