Data / Crowdfunding / Florida / Palermo House Inc.
Palermo House Inc.: crowdfunding raise on StartEngine Primary, LLC, $123,999 to $1,234,999 (2024)
Palermo House Inc., a corporation in Ft Lauderdale, FL, filed a Form C with the SEC on November 12, 2024 to raise $123,999 to $1,234,999 in Non-Voting Common Stock through StartEngine Primary, LLC. The offering closed on February 10, 2025. In its most recent fiscal year it reported $2,933,760 in revenue and $93,819 in net income, with 2 employees.
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- Website
- palermo.house
- Funding portal
- StartEngine Primary, LLC
- Address
- 1201 N FEDERAL HWY #7653, Ft Lauderdale, FL 33304
- Legal form
- Corporation
- Jurisdiction
- DE
- Incorporated
- October 31, 2024
- SEC CIK
- 0002043338
Offering terms
From the offering filed November 12, 2024.
- Security
- Non-Voting Common Stock
- Price
- $0.88
- Target
- $123,999
- Maximum
- $1,234,999
- Deadline
- February 10, 2025
- Portal compensation
- 7 - 13 percent
Financials
From the Form C-U filed February 11, 2025.
| Most recent fiscal year | Prior fiscal year | Source | |
|---|---|---|---|
| Revenue | $2,933,760 | $914,166 | sec.gov |
| Cost of goods sold | $644,889 | $222,328 | sec.gov |
| Net income | $93,819 | $104,624 | sec.gov |
| Taxes paid | $0 | $0 | sec.gov |
| Total assets | $516,797 | $310,923 | sec.gov |
| Cash | $268,016 | $63,637 | sec.gov |
| Accounts receivable | $37,500 | $37,500 | sec.gov |
| Short-term debt | $545,826 | $123,262 | sec.gov |
| Long-term debt | $17,943 | $88,028 | sec.gov |
Filings
| Filed | Filing | Target | Maximum | Deadline | Note | Source |
|---|---|---|---|---|---|---|
| February 11, 2025 | Progress update | $123,999 | $1,234,999 | February 10, 2025 | The issuer closed on $0 and no securities. | sec.gov |
| November 12, 2024 | Offering | $123,999 | $1,234,999 | February 10, 2025 | sec.gov |
Updated February 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.