Data / Crowdfunding / North Carolina / Franny's Manufacturing Inc
Franny's Manufacturing Inc: crowdfunding raise on StartEngine Capital, LLC, $10,000 to $535,000 (2021)
Franny's Manufacturing Inc, a corporation in Asheville, NC, filed a Form C with the SEC on February 26, 2021 to raise $10,000 to $535,000 in Non-Voting Common Stock through StartEngine Capital, LLC. The offering closed on April 30, 2021. In its most recent fiscal year it reported $165,599 in revenue and a net loss of $11,799, with 5 employees.
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- Website
- www.frannysfarmacy.com
- Funding portal
- StartEngine Capital, LLC
- Address
- 211 MERRIMON AVENUE - SUITE 111, Asheville, NC 28801
- Legal form
- Corporation
- Jurisdiction
- NC
- Incorporated
- March 18, 2019
- SEC CIK
- 0001801855
Offering terms
From the amendment filed February 26, 2021.
- Security
- Non-Voting Common Stock
- Price
- $2.00
- Target
- $10,000
- Maximum
- $535,000
- Deadline
- April 30, 2021
- Portal compensation
- 7.0 percent
Financials
From the Form C-U filed June 24, 2021.
| Most recent fiscal year | Prior fiscal year | Source | |
|---|---|---|---|
| Revenue | $165,599 | $0 | sec.gov |
| Cost of goods sold | $129,309 | $0 | sec.gov |
| Net income | $-11,799 | $0 | sec.gov |
| Taxes paid | $0 | $0 | sec.gov |
| Total assets | $38,349 | $0 | sec.gov |
| Cash | $614 | $0 | sec.gov |
| Accounts receivable | $0 | $0 | sec.gov |
| Short-term debt | $14,000 | $0 | sec.gov |
| Long-term debt | $0 | $0 | sec.gov |
Filings
| Filed | Filing | Target | Maximum | Deadline | Note | Source |
|---|---|---|---|---|---|---|
| June 24, 2021 | Progress update | $10,000 | $535,000 | April 30, 2021 | At the close of the offering, the issuer closed on $271,674.00 and 141,483 number of securities. | sec.gov |
| June 21, 2021 | Annual report, amended | Not listed | Not listed | sec.gov | ||
| May 5, 2021 | Progress update | $10,000 | $535,000 | April 30, 2021 | At the close of the offering, the issuer closed on $271,674.00 and 141,483 number of securities. | sec.gov |
| April 27, 2021 | Annual report | Not listed | Not listed | sec.gov | ||
| February 26, 2021 | Amendment | $10,000 | $535,000 | April 30, 2021 | Issuer is extending the campaign and updating their form C with changes to company ownership. | sec.gov |
| December 23, 2020 | Amendment | $10,000 | $535,000 | February 26, 2021 | Issuer is extending the campaign for 60 days. | sec.gov |
| October 23, 2020 | Amendment | $10,000 | $535,000 | December 28, 2020 | Correction to campaign end date. | sec.gov |
| October 23, 2020 | Amendment | $10,000 | $535,000 | November 30, 2020 | Issuer is extending the length of their campaign by 30 days. | sec.gov |
| August 25, 2020 | Amendment | $10,000 | $535,000 | October 27, 2020 | Issuer is extending the length of their campaign by 60 days. | sec.gov |
| June 26, 2020 | Amendment | $10,000 | $535,000 | August 28, 2020 | Issuer is extending the length of their campaign by 60 days. | sec.gov |
| June 4, 2020 | Annual report | Not listed | Not listed | sec.gov | ||
| April 28, 2020 | Amendment | $10,000 | $535,000 | June 29, 2020 | Extending campaign/updating 2019 financials | sec.gov |
| January 31, 2020 | Offering | $10,000 | $535,000 | April 28, 2020 | sec.gov |
Updated June 24, 2021. 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.