Data / Crowdfunding / South Carolina / North Cove Holdings, LLC
North Cove Holdings, LLC: crowdfunding raise on Vicinity LLC, $100,000 to $1,070,000 (2023)
North Cove Holdings, LLC, a limited liability company in Marion, SC, filed a Form C with the SEC on February 17, 2023 to raise $100,000 to $1,070,000 in Class C Units of the Company's membership interests. The Company is using a crowdfunding vehicle, North Cove Crowdfunding SPV, LLC to own the Class C Units. through Vicinity LLC. The offering closed on April 28, 2023. In its most recent fiscal year it reported $78,194 in revenue and a net loss of $125,168, with 7 employees.
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- Website
- thenorthcove.com
- Funding portal
- Vicinity LLC
- Address
- 210 BLUE RIDGE DR. N., Marion, SC 28752
- Legal form
- Limited Liability Company
- Jurisdiction
- NC
- Incorporated
- December 2, 2021
- SEC CIK
- 0001925202
Offering terms
From the amendment filed February 17, 2023.
- Security
- Class C Units of the Company's membership interests. The Company is using a crowdfunding vehicle, North Cove Crowdfunding SPV, LLC to own the Class C Units.
- Price
- $10.00
- Target
- $100,000
- Maximum
- $1,070,000
- Deadline
- April 28, 2023
- Portal compensation
- Company shall pay to Vicinity at each closing a fee consisting of 6% commission based on the dollar amount received from US investors.
Financials
From the Form C-U filed June 6, 2023.
| Most recent fiscal year | Prior fiscal year | Source | |
|---|---|---|---|
| Revenue | $78,194 | $0 | sec.gov |
| Cost of goods sold | $20,208 | $0 | sec.gov |
| Net income | $-125,168 | $-125 | sec.gov |
| Taxes paid | $0 | $0 | sec.gov |
| Total assets | $1,041,992 | $0 | sec.gov |
| Cash | $4,501 | $0 | sec.gov |
| Accounts receivable | $0 | $0 | sec.gov |
| Short-term debt | $63,451 | $0 | sec.gov |
| Long-term debt | $907,209 | $0 | sec.gov |
Filings
| Filed | Filing | Target | Maximum | Deadline | Note | Source |
|---|---|---|---|---|---|---|
| June 6, 2023 | Progress update | $100,000 | $1,070,000 | April 28, 2023 | The deal successfully closed on 4/28/2023 having successfully raised $384,100.00 from committed investments by the deadline, according to the final accounting. | sec.gov |
| February 17, 2023 | Amendment | $100,000 | $1,070,000 | April 28, 2023 | Reflect changes to equity valuation and unit totals in offering documents | sec.gov |
| December 30, 2022 | Amendment | $100,000 | $1,070,000 | April 28, 2023 | Amend offering deadline, minimum investment amount, target offering amount, add investment perks/bonus units, updated use of funds, and updated debt schedule. | sec.gov |
| October 19, 2022 | Amendment | $100,000 | $1,070,000 | December 31, 2022 | Amend offering deadline, minimum investment amount, target offering amount, add investment perks/bonus units, updated use of funds, and updated debt schedule. | sec.gov |
| July 28, 2022 | Amendment | $300,000 | $1,070,000 | November 30, 2022 | Amend offering deadline | sec.gov |
| May 11, 2022 | Offering | $300,000 | $1,070,000 | July 31, 2022 | sec.gov |
Updated June 6, 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.