Data / Crowdfunding / Texas / Pitch 25, LLC
Pitch 25, LLC: crowdfunding raise on NextSeed US LLC, $250,000 to $550,000 (2017)
Pitch 25, LLC, a limited liability company in Houston, TX, filed a Form C with the SEC on November 6, 2017 to raise $250,000 to $550,000 in debt through NextSeed US LLC. The offering closed on February 28, 2018. In its most recent fiscal year it reported $6,153,835 in revenue and $1,077,492 in net income, with 50 employees.
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- Website
- www.facebook.com/pitch25beerpark
- Funding portal
- NextSeed US LLC
- Address
- 2120 WALKER ST., Houston, TX 77003
- Legal form
- Limited Liability Company
- Jurisdiction
- TX
- Incorporated
- December 29, 2015
- SEC CIK
- 0001705975
Offering terms
From the offering filed November 6, 2017.
- Security
- Debt
- Target
- $250,000
- Maximum
- $550,000
- Deadline
- February 28, 2018
- Portal compensation
- NextSeed charges 9% of the total offering amount as compensation for its services provided in connection with the Offering; provided that NextSeed will only charge 5% of the amount raised from investors that were introduced to NextSeed by the Issuer.
Financials
From the Form C-AR filed April 30, 2020.
| Most recent fiscal year | Prior fiscal year | Source | |
|---|---|---|---|
| Revenue | $6,153,835 | $3,150,191 | sec.gov |
| Cost of goods sold | $1,697,020 | $944,728 | sec.gov |
| Net income | $1,077,492 | $550,617 | sec.gov |
| Taxes paid | $518,059 | $290,333 | sec.gov |
| Total assets | $2,579,308 | $2,517,939 | sec.gov |
| Cash | $608,079 | $69,858 | sec.gov |
| Accounts receivable | $0 | $0 | sec.gov |
| Short-term debt | $0 | $54,720 | sec.gov |
| Long-term debt | $1,161,924 | $1,818,946 | sec.gov |
Filings
| Filed | Filing | Target | Maximum | Deadline | Note | Source |
|---|---|---|---|---|---|---|
| May 5, 2020 | Termination of reporting | Not listed | Not listed | sec.gov | ||
| April 30, 2020 | Annual report | Not listed | Not listed | sec.gov | ||
| May 1, 2019 | Annual report | Not listed | Not listed | sec.gov | ||
| April 27, 2018 | Annual report | Not listed | Not listed | sec.gov | ||
| March 7, 2018 | Progress update | $250,000 | $550,000 | February 28, 2018 | Issuer raised $550,000. The actual processing time to confirm the commitments may take longer than the filing deadline, and the total amount is our best estimate at this time. The actual amount may be lower. | sec.gov |
| November 6, 2017 | Offering | $250,000 | $550,000 | February 28, 2018 | sec.gov |
Updated May 5, 2020. 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.