Data / Crowdfunding / North Carolina / HOLD THE MAGIC, INC.
HOLD THE MAGIC, INC.: crowdfunding raise on OpenDeal Portal LLC, $25,000 to $500,000 (2022)
HOLD THE MAGIC, INC., a corporation in Mooresville, NC, filed a Form C with the SEC on June 24, 2022 to raise $25,000 to $500,000 in Crowd SAFE (Simple Agreement for Future Equity) through OpenDeal Portal LLC. The offering closed on April 15, 2023. In its most recent fiscal year it reported $110,454 in revenue and a net loss of $111,195.
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- Website
- holdthemagic.com
- Funding portal
- OpenDeal Portal LLC
- Address
- 323 MCCRARY ROAD, Mooresville, NC 28117
- Legal form
- Corporation
- Jurisdiction
- DE
- Incorporated
- August 7, 2017
- SEC CIK
- 0001908756
Offering terms
From the amendment filed June 24, 2022.
- Security
- Crowd SAFE (Simple Agreement for Future Equity)
- Price
- $1.00
- Target
- $25,000
- Maximum
- $500,000
- Deadline
- April 15, 2023
- Portal compensation
- At the conclusion of the offering, the issuer shall pay a fee of six percent (6%) of the amount raised in the offering to the Intermediary.
Financials
From the Form C-AR filed April 19, 2023.
| Most recent fiscal year | Prior fiscal year | Source | |
|---|---|---|---|
| Revenue | $110,454 | $108,741 | sec.gov |
| Cost of goods sold | $23,813 | $47,541 | sec.gov |
| Net income | $-111,195 | $-117,907 | sec.gov |
| Taxes paid | $0 | $0 | sec.gov |
| Total assets | $108,986 | $185,981 | sec.gov |
| Cash | $70,409 | $140,151 | sec.gov |
| Accounts receivable | $0 | $0 | sec.gov |
| Short-term debt | $16,948 | $21,077 | sec.gov |
| Long-term debt | $42,722 | $334,600 | sec.gov |
Filings
| Filed | Filing | Target | Maximum | Deadline | Note | Source |
|---|---|---|---|---|---|---|
| April 19, 2023 | Termination of reporting | Not listed | Not listed | sec.gov | ||
| April 19, 2023 | Annual report | Not listed | Not listed | sec.gov | ||
| June 24, 2022 | Amendment | $25,000 | $500,000 | April 15, 2023 | This non-material amendment is filed to remove the named Escrow Agent. | sec.gov |
| April 26, 2022 | Offering | $25,000 | $500,000 | April 15, 2023 | sec.gov |
Updated April 19, 2023. 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.