Data / Crowdfunding / Illinois / Misguided Spirits, Inc.
Misguided Spirits, Inc.: crowdfunding raise on StartEngine Primary, LLC, $20,000 to $1,235,000 (2025)
Misguided Spirits, Inc., a corporation in Des Plaines, IL, filed a Form C with the SEC on February 24, 2025 to raise $20,000 to $1,235,000 in Class B Common Stock through StartEngine Primary, LLC. The offering closed on April 30, 2025. In its most recent fiscal year it reported $2,325,936 in revenue and a net loss of $501,380, with 10 employees.
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- Website
- www.misguidedspirits.com
- Funding portal
- StartEngine Primary, LLC
- Address
- 379 Stratford Rd, Des Plaines, IL 60016
- Legal form
- Corporation
- Jurisdiction
- DE
- Incorporated
- May 30, 2023
- SEC CIK
- 0001986390
Offering terms
From the amendment filed February 24, 2025.
- Security
- Class B Common Stock
- Price
- $10.00
- Target
- $20,000
- Maximum
- $1,235,000
- Deadline
- April 30, 2025
- Portal compensation
- 7 - 13 percent
Financials
From the Form C-AR filed June 25, 2026.
| Most recent fiscal year | Prior fiscal year | Source | |
|---|---|---|---|
| Revenue | $2,325,936 | $1,819,616 | sec.gov |
| Cost of goods sold | $1,253,407 | $1,168,102 | sec.gov |
| Net income | $-501,380 | $-1,361,492 | sec.gov |
| Taxes paid | $0 | $0 | sec.gov |
| Total assets | $1,141,355 | $904,441 | sec.gov |
| Cash | $239,593 | $623 | sec.gov |
| Accounts receivable | $155,423 | $0 | sec.gov |
| Short-term debt | $964,256 | $1,956,234 | sec.gov |
| Long-term debt | $1,465,804 | $0 | sec.gov |
Filings
| Filed | Filing | Target | Maximum | Deadline | Note | Source |
|---|---|---|---|---|---|---|
| June 25, 2026 | Annual report | Not listed | Not listed | sec.gov | ||
| May 12, 2025 | Progress update | $20,000 | $1,235,000 | April 30, 2025 | At the close of the offering, the issuer closed on $140,165.4 and 14,744 number of securities. | sec.gov |
| May 2, 2025 | Annual report | Not listed | Not listed | sec.gov | ||
| February 24, 2025 | Amendment | $20,000 | $1,235,000 | April 30, 2025 | Changes: sub. agrmnt. & risks for alc. investors; Common div. prefs; Exh. F; growth proj. disclaimer; 2024 rev. $2.4M to $2.03M; $2M debt, incl. omitted & post-review; CEO & Dir. $50.8K inv.; min. off. amount $20K; max proceeds for 1% fee; end date ext. | sec.gov |
| January 17, 2025 | Progress update | $124,000 | $1,235,000 | February 24, 2025 | The issuer has raised over 50% ($64,563.30) of the offering target amount ($124,000). | sec.gov |
| November 25, 2024 | Offering | $124,000 | $1,235,000 | February 24, 2025 | sec.gov |
Also on SpecStream
Updated June 25, 2026. 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.