Data / Crowdfunding / Tennessee / Pencilish Animation Studios Inc.
Pencilish Animation Studios Inc.: crowdfunding raise on StartEngine Capital, LLC, $9,999 to $2,806,795 (2022)
Pencilish Animation Studios Inc., a corporation in Franklin, TN, filed a Form C with the SEC on December 12, 2022 to raise $9,999 to $2,806,795 in Class A Common Stock through StartEngine Capital, LLC. The offering closed on January 11, 2023. In its most recent fiscal year it reported $336,573 in revenue and a net loss of $288,373, with 5 employees.
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- Website
- pencilish.com
- Funding portal
- StartEngine Capital, LLC
- Address
- 2020 Fieldstone Pkwy, Suite 900-339, Franklin, TN 37069
- Legal form
- Corporation
- Jurisdiction
- DE
- Incorporated
- October 8, 2020
- SEC CIK
- 0001835666
Offering terms
From the amendment filed December 12, 2022.
- Security
- Class A Common Stock
- Price
- $4.88
- Target
- $9,999
- Maximum
- $2,806,795
- Deadline
- January 11, 2023
- Portal compensation
- 7 - 13 percent
Financials
From the Form C-AR filed August 9, 2024.
| Most recent fiscal year | Prior fiscal year | Source | |
|---|---|---|---|
| Revenue | $336,573 | $62,705 | sec.gov |
| Cost of goods sold | $300,983 | $395,355 | sec.gov |
| Net income | $-288,373 | $-1,134,162 | sec.gov |
| Taxes paid | $0 | $1,542 | sec.gov |
| Total assets | $225,217 | $514,053 | sec.gov |
| Cash | $191,484 | $409,063 | sec.gov |
| Accounts receivable | $1,382 | $30,000 | sec.gov |
| Short-term debt | $924 | $35,708 | sec.gov |
| Long-term debt | $0 | $0 | sec.gov |
Filings
| Filed | Filing | Target | Maximum | Deadline | Note | Source |
|---|---|---|---|---|---|---|
| August 9, 2024 | Annual report | Not listed | Not listed | sec.gov | ||
| May 19, 2023 | Annual report | Not listed | Not listed | sec.gov | ||
| January 13, 2023 | Progress update | $9,999 | $2,806,795 | January 11, 2023 | At the close of the offering, the issuer closed on $310,683.82 and 76,558 number of securities. | sec.gov |
| December 12, 2022 | Amendment | $9,999 | $2,806,795 | January 11, 2023 | Issuer is extending campaign end date. | sec.gov |
| October 11, 2022 | Amendment | $9,999 | $2,806,795 | December 12, 2022 | Issuer is extending campaign end date. | sec.gov |
| July 15, 2022 | Offering | $9,999 | $2,806,795 | October 13, 2022 | sec.gov | |
| July 12, 2022 | Progress update | $50,002 | $1,070,000 | April 30, 2022 | At the close of the offering, the issuer closed on $2,193,203.05 | sec.gov |
| May 9, 2022 | Annual report | Not listed | Not listed | sec.gov | ||
| April 26, 2021 | Amendment | $50,002 | $1,070,000 | April 30, 2022 | Increased max to $5M, increased share price for investors after $1.3M raised, added 2020 audited financials, and extended campaign deadline | sec.gov |
| March 25, 2021 | Amendment | $50,000 | $1,069,999 | April 30, 2021 | Extended campaign deadline | sec.gov |
| December 17, 2020 | Offering | $50,000 | $1,069,999 | April 15, 2021 | sec.gov |
Updated August 9, 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.