Data / Crowdfunding / Maryland / Sassafras LLC
Sassafras LLC: crowdfunding raise on Honeycomb Portal LLC, $60,000 to $124,000 (2024)
Sassafras LLC, a limited liability company in Betterton, MD, filed a Form C with the SEC on August 26, 2024 to raise $60,000 to $124,000 in debt through Honeycomb Portal LLC. The offering closed on September 25, 2024. In its most recent fiscal year it reported $0 in revenue and a net loss of $13,223, with 2 employees.
SpecStream is the live web data engine for teams and agents. It reads every Form C on SEC EDGAR each morning, and this page is that reading. Ask for your own cut (a portal, a state, a size, a revenue range) and new raises arrive in your sheet, CRM, Slack or agent as they land.
- Website
- www.restaurantsassafras.com
- Funding portal
- Honeycomb Portal LLC
- Address
- 12 ERICSSON AVE, Betterton, MD 21610
- Legal form
- Limited Liability Company
- Jurisdiction
- MD
- Incorporated
- July 17, 2024
- SEC CIK
- 0002032099
Offering terms
From the amendment filed August 26, 2024.
- Security
- Debt
- Price
- $1.00
- Target
- $60,000
- Maximum
- $124,000
- Deadline
- September 25, 2024
- Portal compensation
- Applied at marginal rate based upon amount of total offering: up to$50,000 = 8.0%, $50,001 - $100,000 = 7.0%, $100,001+ = 6.0%. $250 posting fee. 2.85% investment fee capped at $37.25.
Financials
From the Form C-AR filed April 30, 2025.
| Most recent fiscal year | Prior fiscal year | Source | |
|---|---|---|---|
| Revenue | $0 | $0 | sec.gov |
| Cost of goods sold | $0 | $0 | sec.gov |
| Net income | $-13,223 | $0 | sec.gov |
| Taxes paid | $0 | $0 | sec.gov |
| Total assets | $502,064 | $0 | sec.gov |
| Cash | $58,568 | $0 | sec.gov |
| Accounts receivable | $0 | $0 | sec.gov |
| Short-term debt | $0 | $0 | sec.gov |
| Long-term debt | $509,888 | $0 | sec.gov |
Filings
| Filed | Filing | Target | Maximum | Deadline | Note | Source |
|---|---|---|---|---|---|---|
| April 30, 2025 | Annual report | Not listed | Not listed | sec.gov | ||
| November 4, 2024 | Progress update | $60,000 | $124,000 | September 25, 2024 | Total Amount Raised $60,200 | sec.gov |
| August 26, 2024 | Amendment | $60,000 | $124,000 | September 25, 2024 | Amend target end date and amend offering statement. | sec.gov |
| August 16, 2024 | Offering | $60,000 | $124,000 | September 23, 2024 | sec.gov |
Updated April 30, 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.