Data / Crowdfunding / California / PATOIS LLC
PATOIS LLC: crowdfunding raise on MainVest, Inc., $15,000 to $200,000 (2022)
PATOIS LLC, a limited liability company in San Francisco, CA, filed a Form C with the SEC on June 9, 2022 to raise $15,000 to $200,000 in debt through MainVest, Inc.. The offering closed on August 19, 2022. In its most recent fiscal year it reported $136,428 in revenue and $14,752 in net income, with 2 employees.
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- Website
- WWW.EATREDS.COM
- Funding portal
- MainVest, Inc.
- Address
- PO BOX 460915, San Francisco, CA 94146
- Legal form
- Limited Liability Company
- Jurisdiction
- CA
- Incorporated
- September 1, 2019
- SEC CIK
- 0001885255
Offering terms
From the offering filed June 9, 2022.
- Security
- Debt
- Price
- $1.00
- Target
- $15,000
- Maximum
- $200,000
- Deadline
- August 19, 2022
- Portal compensation
- MainVest will be paid Three (3) Percent of the amount of the Offering raised by "In-Network Users" of the Platform plus Nine (9) Percent of the amount of the Offering raised by all other investors.
Financials
From the Form C-U filed August 22, 2022.
| Most recent fiscal year | Prior fiscal year | Source | |
|---|---|---|---|
| Revenue | $136,428 | $0 | sec.gov |
| Cost of goods sold | $65,000 | $0 | sec.gov |
| Net income | $14,752 | $0 | sec.gov |
| Taxes paid | $13,624 | $0 | sec.gov |
| Total assets | $0 | $0 | sec.gov |
| Cash | $0 | $0 | sec.gov |
| Accounts receivable | $56,760 | $0 | sec.gov |
| Short-term debt | $0 | $0 | sec.gov |
| Long-term debt | $0 | $0 | sec.gov |
Filings
| Filed | Filing | Target | Maximum | Deadline | Note | Source |
|---|---|---|---|---|---|---|
| August 22, 2022 | Progress update | $15,000 | $200,000 | August 19, 2022 | At the close of the offering, the issuer closed on $16,200. The funds are currently being processed. The actual amount may be lower. | sec.gov |
| June 9, 2022 | Offering | $15,000 | $200,000 | August 19, 2022 | sec.gov | |
| May 13, 2022 | Progress update | $20,000 | $200,000 | May 6, 2022 | At the close of the offering, the issuer closed on $27,600. The funds are currently being processed. The actual amount may be lower. | sec.gov |
| April 12, 2022 | Amendment | $20,000 | $200,000 | May 6, 2022 | Issuer is extending the deadline to make an investment. Issuer is lowering the target offering amount. Issuer is adjusting the use of funds and revenue share percentage to correspond with new target amount. | sec.gov |
| January 31, 2022 | Amendment | $50,000 | $200,000 | April 18, 2022 | Issuer is extending the deadline to make an investment. | sec.gov |
| December 3, 2021 | Amendment | $50,000 | $200,000 | February 2, 2022 | Issuer is extending the deadline to make an investment. Issuer is lowering the target offering amount. Issuer is adjusting terms and use of funds to correspond with new target offering amount. | sec.gov |
| September 30, 2021 | Offering | $65,000 | $200,000 | December 3, 2021 | sec.gov |
Updated August 22, 2022. 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.