Data / Crowdfunding / North Carolina / Franny's Distribution Inc.
Franny's Distribution Inc.: crowdfunding raise on StartEngine Capital, LLC, $10,000 to $428,000 (2019)
Franny's Distribution Inc., a corporation in Leicester, NC, filed a Form C with the SEC on October 3, 2019 to raise $10,000 to $428,000 in Non-Voting Shares through StartEngine Capital, LLC. The offering closed on December 3, 2019. In its most recent fiscal year it reported $0 in revenue and a net loss of $1,375, with 14 employees.
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- Website
- www.frannysfarmacy.com
- Funding portal
- StartEngine Capital, LLC
- Address
- 22 FRANNYS FARM RD, Leicester, NC 28748
- Legal form
- Corporation
- Jurisdiction
- NC
- Incorporated
- October 29, 2018
- SEC CIK
- 0001766426
Offering terms
From the amendment filed October 3, 2019.
- Security
- Non-Voting Shares
- Price
- $8.00
- Target
- $10,000
- Maximum
- $428,000
- Deadline
- December 3, 2019
- Portal compensation
- 6.0 percent
Financials
From the Form C-U filed October 11, 2022.
| Most recent fiscal year | Prior fiscal year | Source | |
|---|---|---|---|
| Revenue | $0 | $0 | sec.gov |
| Cost of goods sold | $0 | $0 | sec.gov |
| Net income | $-1,375 | $0 | sec.gov |
| Taxes paid | $0 | $0 | sec.gov |
| Total assets | $6,625 | $0 | sec.gov |
| Cash | $5,845 | $0 | sec.gov |
| Accounts receivable | $0 | $0 | sec.gov |
| Short-term debt | $0 | $0 | sec.gov |
| Long-term debt | $0 | $0 | sec.gov |
Filings
| Filed | Filing | Target | Maximum | Deadline | Note | Source |
|---|---|---|---|---|---|---|
| October 11, 2022 | Progress update | $10,000 | $428,000 | December 3, 2019 | Adjustment to the initial Form C-U filing. At the close of the offering, the issuer closed on $4215,576 and 52,290 number of securities. | sec.gov |
| May 29, 2020 | Annual report | Not listed | Not listed | sec.gov | ||
| December 5, 2019 | Progress update | $10,000 | $428,000 | December 3, 2019 | At the close of the offering, the issuer closed on $427,680 and 53,804 number of securities. | sec.gov |
| October 3, 2019 | Amendment | $10,000 | $428,000 | December 3, 2019 | Issuer is extending the length of their campaign by 60 days. | sec.gov |
| July 25, 2019 | Amendment | $10,000 | $428,000 | October 4, 2019 | Adding Video Transcript | sec.gov |
| July 3, 2019 | Offering | $10,000 | $428,000 | October 4, 2019 | sec.gov | |
| July 3, 2019 | Progress update | $10,000 | $107,000 | July 19, 2019 | At the end of the offering, the issuer closed on $106,038 for a total number of securities sold of 53,465. | sec.gov |
| June 4, 2019 | Amendment | $10,000 | $107,000 | July 19, 2019 | Corrections to related party transactions and Notes to Financial Statements. | sec.gov |
| April 19, 2019 | Amendment | $10,000 | $107,000 | July 19, 2019 | Correcting Error in Offering Document | sec.gov |
| April 18, 2019 | Offering | $10,000 | $107,000 | July 19, 2019 | sec.gov |
Updated October 11, 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.