Data / Crowdfunding / Illinois / SEVEN POINT OF ILLINOIS LLC
SEVEN POINT OF ILLINOIS LLC: crowdfunding raise on MainVest, Inc., $20,000 to $124,000 (2023)
SEVEN POINT OF ILLINOIS LLC, a limited liability company in Chicago, IL, filed a Form C with the SEC on January 13, 2023 to raise $20,000 to $124,000 in debt through MainVest, Inc.. The offering closed on January 23, 2023. In its most recent fiscal year it reported $0 in revenue and a net loss of $216,853, with 12 employees.
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- Website
- www.sevenpoint.org
- Funding portal
- MainVest, Inc.
- Address
- 3360 N ELSTON AVE, Chicago, IL 60618
- Legal form
- Limited Liability Company
- Jurisdiction
- IL
- Incorporated
- October 29, 2019
- SEC CIK
- 0001944680
Offering terms
From the amendment filed January 13, 2023.
- Security
- Debt
- Price
- $1.00
- Target
- $20,000
- Maximum
- $124,000
- Deadline
- January 23, 2023
- Portal compensation
- MainVest will be paid Four and one half (4.5) 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 January 27, 2023.
| Most recent fiscal year | Prior fiscal year | Source | |
|---|---|---|---|
| Revenue | $0 | $0 | sec.gov |
| Cost of goods sold | $0 | $0 | sec.gov |
| Net income | $-216,853 | $-191,955 | sec.gov |
| Taxes paid | $0 | $0 | sec.gov |
| Total assets | $0 | $0 | sec.gov |
| Cash | $0 | $0 | sec.gov |
| Accounts receivable | $0 | $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 |
|---|---|---|---|---|---|---|
| January 27, 2023 | Progress update | $20,000 | $124,000 | January 23, 2023 | At the close of the offering, the issuer closed on $36,100. The funds are currently being processed. The actual amount may be lower. | sec.gov |
| January 13, 2023 | Amendment | $20,000 | $124,000 | January 23, 2023 | Issuer is amending the target investment amount. Issuer is also amending the terms and the use of funds. Lastly, Issuer is extending the deadline to make an investment. | sec.gov |
| November 29, 2022 | Amendment | $75,000 | $124,000 | January 17, 2023 | Issuer is extending the deadline to make an investment. | sec.gov |
| September 22, 2022 | Offering | $75,000 | $124,000 | December 2, 2022 | sec.gov |
Updated January 27, 2023. 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.