Data / Crowdfunding / Michigan / Impact Eleven LLC
Impact Eleven LLC: crowdfunding raise on NetCapital Funding Portal Inc., $10,000 to $1,235,000 (2023)
Impact Eleven LLC, a limited liability company in Bingham Farms, MI, filed a Form C with the SEC on November 30, 2023 to raise $10,000 to $1,235,000 in common stock through NetCapital Funding Portal Inc.. The offering closed on April 29, 2024. In its most recent fiscal year it reported $3,434,342 in revenue and $10,162 in net income, with 10 employees.
SpecStream is the live web data engine for teams and agents. It reads every Form C on SEC EDGAR each morning, and this page is that reading. Ask for your own cut (a portal, a state, a size, a revenue range) and new raises arrive in your sheet, CRM, Slack or agent as they land.
- Website
- ImpactEleven.com
- Funding portal
- NetCapital Funding Portal Inc.
- Address
- 30300 Telegraph Road Suite 370, Bingham Farms, MI 48025
- Legal form
- Limited Liability Company
- Jurisdiction
- MI
- Incorporated
- July 16, 2021
- SEC CIK
- 0001984664
Offering terms
From the amendment filed November 30, 2023.
- Security
- Common Stock
- Price
- $2.00
- Target
- $10,000
- Maximum
- $1,235,000
- Deadline
- April 29, 2024
- Portal compensation
- Up to 4.9% of amount raised for a successful offering and a listing fee of up to $10,000
Financials
From the Form C-U filed July 5, 2024.
| Most recent fiscal year | Prior fiscal year | Source | |
|---|---|---|---|
| Revenue | $3,434,342 | $1,435,195 | sec.gov |
| Cost of goods sold | $2,671,967 | $1,260,625 | sec.gov |
| Net income | $10,162 | $30,841 | sec.gov |
| Taxes paid | $0 | $0 | sec.gov |
| Total assets | $394,622 | $56,985 | sec.gov |
| Cash | $105,839 | $41,985 | sec.gov |
| Accounts receivable | $200,991 | $15,000 | sec.gov |
| Short-term debt | $0 | $0 | sec.gov |
| Long-term debt | $0 | $0 | sec.gov |
Filings
| Filed | Filing | Target | Maximum | Deadline | Note | Source |
|---|---|---|---|---|---|---|
| July 5, 2024 | Progress update | $10,000 | $1,235,000 | April 29, 2024 | End of offering. Issuer closed its offering with estimated gross proceeds of $988,196. The foregoing is in regard only to the amount raised under the Section 4(a)(6) exemption. | sec.gov |
| November 30, 2023 | Amendment | $10,000 | $1,235,000 | April 29, 2024 | issuer extended the offering deadline. | sec.gov |
| September 19, 2023 | Amendment | $10,000 | $1,235,000 | December 15, 2023 | issuer extended offering deadline. | sec.gov |
| July 14, 2023 | Amendment | $10,000 | $1,235,000 | September 29, 2023 | the issuer updated a photo on the offering page. | sec.gov |
| July 12, 2023 | Offering | $10,000 | $1,235,000 | September 29, 2023 | sec.gov |
Also on SpecStream
Updated July 5, 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.