Data / Crowdfunding / Utah / Jack Henry Spirits LLC
Jack Henry Spirits LLC: crowdfunding raise on MicroVenture Marketplace Inc., $25,000 to $107,000 (2019)
Jack Henry Spirits LLC, a limited liability company in South Jordan, UT, filed a Form C with the SEC on March 8, 2019 to raise $25,000 to $107,000 in Crowd Note through MicroVenture Marketplace Inc.. The offering closed on April 1, 2019. In its most recent fiscal year it reported $125,317 in revenue and a net loss of $29,352, with 2 employees.
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- Website
- tequilaciudad.com
- Funding portal
- MicroVenture Marketplace Inc.
- Address
- 1802 S. Jordan Pkwy, #200, South Jordan, UT 84095
- Legal form
- Limited Liability Company
- Jurisdiction
- UT
- Incorporated
- October 12, 2015
- SEC CIK
- 0001765748
Offering terms
From the amendment filed March 8, 2019.
- Security
- Crowd Note
- Price
- $1.00
- Target
- $25,000
- Maximum
- $107,000
- Deadline
- April 1, 2019
- Portal compensation
- The issuer will not owe a commission to the Intermediary at the conclusion of the Offering. The Intermediary is not charging the issuer any compensation with respect to the Offering.
Financials
From the Form C-AR filed April 15, 2020.
| Most recent fiscal year | Prior fiscal year | Source | |
|---|---|---|---|
| Revenue | $125,317 | $148,116 | sec.gov |
| Cost of goods sold | $45,469 | $93,015 | sec.gov |
| Net income | $-29,352 | $-16,876 | sec.gov |
| Taxes paid | $0 | $0 | sec.gov |
| Total assets | $157,859 | $127,984 | sec.gov |
| Cash | $376 | $-1,893 | sec.gov |
| Accounts receivable | $0 | $0 | sec.gov |
| Short-term debt | $0 | $127,169 | sec.gov |
| Long-term debt | $111,000 | $0 | sec.gov |
Filings
| Filed | Filing | Target | Maximum | Deadline | Note | Source |
|---|---|---|---|---|---|---|
| April 15, 2020 | Annual report | Not listed | Not listed | sec.gov | ||
| April 11, 2019 | Progress update | $25,000 | $107,000 | April 1, 2019 | $40,941 invested; payments still being processed, final number yet to be determined | sec.gov |
| March 8, 2019 | Amendment | $25,000 | $107,000 | April 1, 2019 | Add webinar transcript (attached to Form C as Exhibit G) | sec.gov |
| March 4, 2019 | Amendment | $25,000 | $107,000 | April 1, 2019 | Add perks to the campaign, which are listed in the Company Summary (attached as Exhibit B to Form C). | sec.gov |
| January 31, 2019 | Amendment | $25,000 | $107,000 | March 29, 2019 | Update Offering deadline to April 1, 2019 and update Escrow Agent to Evolve Bank & Trust Co. | sec.gov |
| January 29, 2019 | Offering | $25,000 | $107,000 | March 29, 2019 | sec.gov |
Updated April 15, 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.