Data / Crowdfunding / Illinois / Lake Effect Brewing Co LLC
Lake Effect Brewing Co LLC: crowdfunding raise on Honeycomb Portal LLC, $50,000 to $115,000 (2024)
Lake Effect Brewing Co LLC, a limited liability company in Chicago, IL, filed a Form C with the SEC on June 7, 2024 to raise $50,000 to $115,000 in Class B Shares through Honeycomb Portal LLC. The offering closed on July 22, 2024. In its most recent fiscal year it reported $119,737 in revenue and a net loss of $19,955, with 1 employees.
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- Website
- www.lakeeffectbrewing.com
- Funding portal
- Honeycomb Portal LLC
- Address
- 3076 N MILWAUKEE AVE N/A, Chicago, IL 60618
- Legal form
- Limited Liability Company
- Jurisdiction
- IL
- Incorporated
- January 1, 2011
- SEC CIK
- 0002024052
Offering terms
From the offering filed June 7, 2024.
- Security
- Class B Shares
- Price
- $1.00
- Target
- $50,000
- Maximum
- $115,000
- Deadline
- July 22, 2024
- 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 August 15, 2024.
| Most recent fiscal year | Prior fiscal year | Source | |
|---|---|---|---|
| Revenue | $119,737 | $167,221 | sec.gov |
| Cost of goods sold | $27,609 | $52,216 | sec.gov |
| Net income | $-19,955 | $-20,375 | sec.gov |
| Taxes paid | $0 | $0 | sec.gov |
| Total assets | $643,827 | $573,674 | sec.gov |
| Cash | $2,741 | $7,343 | sec.gov |
| Accounts receivable | $596,185 | $565,504 | sec.gov |
| Short-term debt | $18,120 | $20,541 | sec.gov |
| Long-term debt | $0 | $0 | sec.gov |
Filings
| Filed | Filing | Target | Maximum | Deadline | Note | Source |
|---|---|---|---|---|---|---|
| August 15, 2024 | Progress update | $50,000 | $115,000 | July 22, 2024 | Total Amount Raised $114,900 | sec.gov |
| June 7, 2024 | Offering | $50,000 | $115,000 | July 22, 2024 | sec.gov |
Updated August 15, 2024. 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.