Data / Crowdfunding / California / Seven Stills, Inc
Seven Stills, Inc: crowdfunding raise on Wefunder Portal LLC, $50,300 to $1,066,360 (2019)
Seven Stills, Inc, a corporation in San Francisco, CA, filed a Form C with the SEC on March 19, 2019 to raise $50,300 to $1,066,360 in common stock through Wefunder Portal LLC. The offering closed on April 20, 2019. In its most recent fiscal year it reported $1,179,655 in revenue and $103,864 in net income, with 25 employees.
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- Website
- sevenstillsofsf.com
- Funding portal
- Wefunder Portal LLC
- Address
- 1439 Egbert Ave Unit C, San Francisco, CA 94124
- Legal form
- Corporation
- Jurisdiction
- DE
- Incorporated
- May 22, 2018
- SEC CIK
- 0001745881
Offering terms
From the amendment filed March 19, 2019.
- Security
- Common Stock
- Price
- $10.06
- Target
- $50,300
- Maximum
- $1,066,360
- Deadline
- April 20, 2019
- Portal compensation
- 5.0% of the offering amount upon a successful fundraise, and be entitled to reimbursement for out-of-pocket third party expenses it pays or incurs on behalf of the Issuer in connection with the offering.
Financials
From the Form C/A filed March 19, 2019.
| Most recent fiscal year | Prior fiscal year | Source | |
|---|---|---|---|
| Revenue | $1,179,655 | $621,833 | sec.gov |
| Cost of goods sold | $216,933 | $122,835 | sec.gov |
| Net income | $103,864 | $123,767 | sec.gov |
| Taxes paid | $0 | $0 | sec.gov |
| Total assets | $867,468 | $555,052 | sec.gov |
| Cash | $102,106 | $37,876 | sec.gov |
| Accounts receivable | $0 | $56,463 | sec.gov |
| Short-term debt | $252,342 | $217,107 | sec.gov |
| Long-term debt | $328,267 | $98,829 | sec.gov |
Filings
| Filed | Filing | Target | Maximum | Deadline | Note | Source |
|---|---|---|---|---|---|---|
| March 19, 2019 | Amendment | $50,300 | $1,066,360 | April 20, 2019 | Updated closing date to 4/20/19 | sec.gov |
| August 1, 2018 | Amendment | $50,300 | $1,066,360 | January 18, 2019 | Seven Stills, LLC will be merging with Seven Stills, Inc., updated the pre-money valuation, and updated business plan. | sec.gov |
| July 27, 2018 | Offering | $50,300 | $1,066,360 | January 18, 2019 | sec.gov |
Updated March 19, 2019. 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.