Data / Crowdfunding / Delaware / Kencko Foods, Inc.
Kencko Foods, Inc.: crowdfunding raise on OpenDeal Portal LLC, $25,000 to $1,235,000 (2023)
Kencko Foods, Inc., a corporation in Lewes, DE, filed a Form C with the SEC on March 22, 2023 to raise $25,000 to $1,235,000 in Crowd SAFE (Simple Agreement for Future Equity) through OpenDeal Portal LLC. The offering closed on April 28, 2023. In its most recent fiscal year it reported $23,847,240 in revenue and a net loss of $9,932,624, with 105 employees.
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- Website
- www.kencko.com
- Funding portal
- OpenDeal Portal LLC
- Address
- 16192 COASTAL HWY, Lewes, DE 19958
- Legal form
- Corporation
- Jurisdiction
- DE
- Incorporated
- July 14, 2017
- SEC CIK
- 0001943286
Offering terms
From the offering filed March 22, 2023.
- Security
- Crowd SAFE (Simple Agreement for Future Equity)
- Price
- $1.00
- Target
- $25,000
- Maximum
- $1,235,000
- Deadline
- April 28, 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-U filed May 5, 2023.
| Most recent fiscal year | Prior fiscal year | Source | |
|---|---|---|---|
| Revenue | $23,847,240 | $9,336,030 | sec.gov |
| Cost of goods sold | $19,496,810 | $4,486,085 | sec.gov |
| Net income | $-9,932,624 | $-1,627,196 | sec.gov |
| Taxes paid | $0 | $0 | sec.gov |
| Total assets | $11,634,184 | $4,206,900 | sec.gov |
| Cash | $2,583,395 | $2,395,496 | sec.gov |
| Accounts receivable | $160 | $5,000 | sec.gov |
| Short-term debt | $4,978,960 | $1,578,107 | sec.gov |
| Long-term debt | $1,778,387 | $632,764 | sec.gov |
Filings
| Filed | Filing | Target | Maximum | Deadline | Note | Source |
|---|---|---|---|---|---|---|
| May 5, 2023 | Progress update | $25,000 | $1,235,000 | April 28, 2023 | The Offering closed successfully on 4/29/2023, having received investment commitments of $204,248, although a final accounting has not taken place. | sec.gov |
| March 22, 2023 | Offering | $25,000 | $1,235,000 | April 28, 2023 | sec.gov |
Updated May 5, 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.