Data / Crowdfunding / Michigan / Shankar Distillers Inc
Shankar Distillers Inc: crowdfunding raise on StartEngine Primary, LLC, $10,000 to $1,235,000 (2026)
Shankar Distillers Inc, a corporation in Troy, MI, filed a Form C with the SEC on February 4, 2026 to raise $10,000 to $1,235,000 in Simple Agreement for Future Equity through StartEngine Primary, LLC. The offering closed on April 30, 2026. In its most recent fiscal year it reported $750,955 in revenue and a net loss of $2,681,297, with 30 employees.
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- Website
- www.shankardistillers.com
- Funding portal
- StartEngine Primary, LLC
- Address
- 1030 CHICAGO ROAD, Troy, MI 48083
- Legal form
- Corporation
- Jurisdiction
- DE
- Incorporated
- September 24, 2025
- SEC CIK
- 0002095078
Offering terms
From the amendment filed February 4, 2026.
- Security
- Simple Agreement for Future Equity
- Target
- $10,000
- Maximum
- $1,235,000
- Deadline
- April 30, 2026
- Portal compensation
- 7 - 13 percent
Financials
From the Form C-U filed May 4, 2026.
| Most recent fiscal year | Prior fiscal year | Source | |
|---|---|---|---|
| Revenue | $750,955 | $515,702 | sec.gov |
| Cost of goods sold | $600,731 | $351,819 | sec.gov |
| Net income | $-2,681,297 | $-1,487,769 | sec.gov |
| Taxes paid | $0 | $0 | sec.gov |
| Total assets | $8,530,343 | $7,853,554 | sec.gov |
| Cash | $291,827 | $276,271 | sec.gov |
| Accounts receivable | $136,994 | $209,202 | sec.gov |
| Short-term debt | $1,486,423 | $1,475,437 | sec.gov |
| Long-term debt | $11,252,011 | $8,096,927 | sec.gov |
Filings
| Filed | Filing | Target | Maximum | Deadline | Note | Source |
|---|---|---|---|---|---|---|
| May 4, 2026 | Progress update | $10,000 | $1,235,000 | April 30, 2026 | At the close of the offering, the issuer closed on $94,857.48 and 0 number of securities. | sec.gov |
| February 4, 2026 | Amendment | $10,000 | $1,235,000 | April 30, 2026 | Campaign End Change to April 30 2026 | sec.gov |
| February 2, 2026 | Offering | $10,000 | $1,235,000 | May 4, 2026 | sec.gov |
Updated May 4, 2026. 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.