Data / Crowdfunding / Rally Point Grille Franchising, LLC
Rally Point Grille Franchising, LLC: crowdfunding raise on FOLLA CAPITAL, LLC, $20,000 to $124,000 (2024)
Rally Point Grille Franchising, LLC, a company, filed a Form C with the SEC on July 10, 2024 to raise $20,000 to $124,000 in debt through FOLLA CAPITAL, LLC. The offering closed on November 20, 2024. In its most recent fiscal year it reported $0 in revenue and a net loss of $59,116, with 2 employees.
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- Website
- rallypointgrille.com
- Funding portal
- FOLLA CAPITAL, LLC
- SEC CIK
- 0002000247
Offering terms
From the amendment filed July 10, 2024.
- Security
- Debt
- Price
- $100.00
- Target
- $20,000
- Maximum
- $124,000
- Deadline
- November 20, 2024
- Portal compensation
- The issuer will pay $2,500 per month for advisory services and 6% commission on the gross amount raised.
Financials
From the Form C/A filed July 10, 2024.
| Most recent fiscal year | Prior fiscal year | Source | |
|---|---|---|---|
| Revenue | $0 | $0 | sec.gov |
| Cost of goods sold | $3,903 | $0 | sec.gov |
| Net income | $-59,116 | $-3,903 | sec.gov |
| Taxes paid | $0 | $0 | sec.gov |
| Total assets | $343,982 | $161,903 | sec.gov |
| Cash | $5,534 | $0 | sec.gov |
| Accounts receivable | $338,448 | $0 | sec.gov |
| Short-term debt | $3,954 | $0 | sec.gov |
| Long-term debt | $386,267 | $150,000 | sec.gov |
Filings
| Filed | Filing | Target | Maximum | Deadline | Note | Source |
|---|---|---|---|---|---|---|
| August 26, 2024 | Withdrawal | Not listed | Not listed | sec.gov | ||
| July 10, 2024 | Amendment | $20,000 | $124,000 | November 20, 2024 | This is a filing to record material updates to the security agreement associated with this offering. | sec.gov |
| July 10, 2024 | Amendment | $20,000 | $124,000 | November 20, 2024 | This amendment is a material change to the original Form C Filing. Issuer extends the deadline to November 20, 2024, updated the financial information from year-end 2022 to year-end 2023, and changed the use of funds and other immaterial changes. | sec.gov |
| December 5, 2023 | Offering | $20,000 | $124,000 | June 30, 2024 | sec.gov |
Updated August 26, 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.