Data / Crowdfunding / South Carolina / Item Banc
Item Banc: crowdfunding raise on FIRST DEMOCRACY VC, $500,000 to $1,070,000 (2018)
Item Banc, a corporation in Hardeeville, SC, filed a Form C with the SEC on August 10, 2018 to raise $500,000 to $1,070,000 in Simple Agreement for Future Equity (Tokens) through FIRST DEMOCRACY VC. The offering closed on August 9, 2019. In its most recent fiscal year it reported $0 in revenue and $0 in net income.
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
- www.itembanc.io
- Funding portal
- FIRST DEMOCRACY VC
- Address
- 201 MAIN STREET NUMBER B, Hardeeville, SC 29927
- Legal form
- Corporation
- Jurisdiction
- SC
- Incorporated
- June 4, 2018
- SEC CIK
- 0001742134
Offering terms
From the amendment filed August 10, 2018.
- Security
- Simple Agreement for Future Equity (Tokens)
- Price
- $4.00
- Target
- $500,000
- Maximum
- $1,070,000
- Deadline
- August 9, 2019
- Portal compensation
- Standard payment processing fee of 2.9% plus $0.30 per donation allows for credit card processing and safe transfer of funds.
Financials
From the Form C/A filed August 10, 2018.
| Most recent fiscal year | Prior fiscal year | Source | |
|---|---|---|---|
| Revenue | $0 | $0 | sec.gov |
| Cost of goods sold | $0 | $0 | sec.gov |
| Net income | $0 | $0 | sec.gov |
| Taxes paid | $0 | $0 | sec.gov |
| Total assets | $118 | $0 | sec.gov |
| Cash | $118 | $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 |
|---|---|---|---|---|---|---|
| August 10, 2018 | Amendment | $500,000 | $1,070,000 | August 9, 2019 | Reviewed Financial Statements | sec.gov |
| June 26, 2018 | Amendment | $500,000 | $1,070,000 | May 31, 2019 | Updated Exhibits | sec.gov |
| June 18, 2018 | Offering | $500,000 | $1,070,000 | May 31, 2019 | sec.gov |
Updated August 10, 2018. 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.