Data / Crowdfunding / Tennessee / Krakens Cup Co.
Krakens Cup Co.: crowdfunding raise on Honeycomb Portal LLC, $25,000 to $85,000 (2025)
Krakens Cup Co., a corporation in Knoxville, TN, filed a Form C with the SEC on February 7, 2025 to raise $25,000 to $85,000 in debt through Honeycomb Portal LLC. The offering closed on February 18, 2025. In its most recent fiscal year it reported $9,668 in revenue and a net loss of $204,859, with 12 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
- Www.thekrakenscup.com
- Funding portal
- Honeycomb Portal LLC
- Address
- 4815 N BROADWAY ST SUITE 107, Knoxville, TN 37918
- Legal form
- Corporation
- Jurisdiction
- TN
- Incorporated
- December 10, 2018
- SEC CIK
- 0002049492
Offering terms
From the amendment filed February 7, 2025.
- Security
- Debt
- Price
- $1.00
- Target
- $25,000
- Maximum
- $85,000
- Deadline
- February 18, 2025
- Portal compensation
- Applied at marginal rate based upon amount of total offering: up to $50,000 = 8.0%, $50,001 - $100,000 = 7.0%, $100,001+ = 6.0%. $250 posting fee. 2.85% investment fee capped at $37.25.
Financials
From the Form C-U filed March 11, 2025.
| Most recent fiscal year | Prior fiscal year | Source | |
|---|---|---|---|
| Revenue | $9,668 | $0 | sec.gov |
| Cost of goods sold | $5,522 | $0 | sec.gov |
| Net income | $-204,859 | $-20,809 | sec.gov |
| Taxes paid | $0 | $0 | sec.gov |
| Total assets | $1,422 | $3,084 | sec.gov |
| Cash | $1,422 | $3,084 | sec.gov |
| Accounts receivable | $0 | $0 | sec.gov |
| Short-term debt | $108,398 | $12,571 | sec.gov |
| Long-term debt | $86,130 | $0 | sec.gov |
Filings
| Filed | Filing | Target | Maximum | Deadline | Note | Source |
|---|---|---|---|---|---|---|
| March 11, 2025 | Progress update | $25,000 | $85,000 | February 18, 2025 | Total Amount Raised $37,774.07 | sec.gov |
| February 21, 2025 | Progress update | $25,000 | $85,000 | February 18, 2025 | Total Amount Raised $37,774.07 | sec.gov |
| February 7, 2025 | Amendment | $25,000 | $85,000 | February 18, 2025 | Lower target funding goal and extend target deadline | sec.gov |
| December 26, 2024 | Offering | $65,000 | $85,000 | February 10, 2025 | sec.gov |
Updated March 11, 2025. 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.