Data / Crowdfunding / Pennsylvania / Iron Born, LLC
Iron Born, LLC: crowdfunding raise on Honeycomb Portal LLC, $50,000 to $107,000 (2019)
Iron Born, LLC, a limited liability company in Glenshaw, PA, filed a Form C with the SEC on July 25, 2019 to raise $50,000 to $107,000 in debt through Honeycomb Portal LLC. The offering closed on July 31, 2019. In its most recent fiscal year it reported $944,902 in revenue and a net loss of $117,149, with 35 employees.
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- Website
- ironbornpizza.com
- Funding portal
- Honeycomb Portal LLC
- Address
- 104 EADE AVE, Glenshaw, PA 15116
- Legal form
- Limited Liability Company
- Jurisdiction
- PA
- Incorporated
- April 18, 2017
- SEC CIK
- 0001781049
Offering terms
From the amendment filed July 25, 2019.
- Security
- Debt
- Price
- $1.00
- Target
- $50,000
- Maximum
- $107,000
- Deadline
- July 31, 2019
- Portal compensation
- 6% of the total offering. Also, 2.85% per investment (capped @ $37.25) and a $250 posting fee
Financials
From the Form C-AR filed April 30, 2020.
| Most recent fiscal year | Prior fiscal year | Source | |
|---|---|---|---|
| Revenue | $944,902 | $854,357 | sec.gov |
| Cost of goods sold | $299,932 | $214,606 | sec.gov |
| Net income | $-117,149 | $-3,222 | sec.gov |
| Taxes paid | $0 | $0 | sec.gov |
| Total assets | $393,226 | $62,912 | sec.gov |
| Cash | $80,540 | $70,877 | sec.gov |
| Accounts receivable | $0 | $0 | sec.gov |
| Short-term debt | $29,548 | $70,877 | sec.gov |
| Long-term debt | $529,203 | $0 | sec.gov |
Filings
| Filed | Filing | Target | Maximum | Deadline | Note | Source |
|---|---|---|---|---|---|---|
| April 30, 2020 | Annual report | Not listed | Not listed | sec.gov | ||
| August 1, 2019 | Progress update | $50,000 | $107,000 | July 31, 2019 | Max funding reached: $107,000 | sec.gov |
| July 25, 2019 | Amendment | $50,000 | $107,000 | July 31, 2019 | Max amount reached. Closing offering early on 7/31/19 | sec.gov |
| July 1, 2019 | Amendment | $50,000 | $107,000 | August 26, 2019 | Name of LLC corrected to "Iron Born, LLC" | sec.gov |
| June 28, 2019 | Offering | $50,000 | $107,000 | August 26, 2019 | sec.gov |
Updated April 30, 2020. 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.