Data / Crowdfunding / Pennsylvania / South Shore Distilling LLC
South Shore Distilling LLC: crowdfunding raise on Honeycomb Portal LLC, $50,000 to $250,000 (2022)
South Shore Distilling LLC, a limited liability company in Carnegie, PA, filed a Form C with the SEC on July 5, 2022 to raise $50,000 to $250,000 in debt through Honeycomb Portal LLC. The offering closed on September 5, 2022. In its most recent fiscal year it reported $0 in revenue and $0 in net income, with 10 employees.
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- Website
- thedistillerypgh.com
- Funding portal
- Honeycomb Portal LLC
- Address
- 412 PINE TREES DRIVE, Carnegie, PA 15106
- Legal form
- Limited Liability Company
- Jurisdiction
- PA
- Incorporated
- August 3, 2021
- SEC CIK
- 0001878661
Offering terms
From the amendment filed July 5, 2022.
- Security
- Debt
- Price
- $1.00
- Target
- $50,000
- Maximum
- $250,000
- Deadline
- September 5, 2022
- 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-U filed September 19, 2022.
| Most recent fiscal year | Prior fiscal year | Source | |
|---|---|---|---|
| Revenue | $0 | $0 | sec.gov |
| Cost of goods sold | $0 | $0 | sec.gov |
| Net income | $0 | $0 | sec.gov |
| Taxes paid | $0 | $0 | sec.gov |
| Total assets | $13,327 | $0 | sec.gov |
| Cash | $13,327 | $0 | sec.gov |
| Accounts receivable | $0 | $0 | sec.gov |
| Short-term debt | $0 | $0 | sec.gov |
| Long-term debt | $8,327 | $0 | sec.gov |
Filings
| Filed | Filing | Target | Maximum | Deadline | Note | Source |
|---|---|---|---|---|---|---|
| September 19, 2022 | Progress update | $50,000 | $250,000 | September 5, 2022 | Total raised $51,600 | sec.gov |
| July 5, 2022 | Amendment | $50,000 | $250,000 | September 5, 2022 | Update to target end date. | sec.gov |
| June 22, 2022 | Amendment | $50,000 | $250,000 | August 8, 2022 | Information added to Key Persons | sec.gov |
| June 14, 2022 | Offering | $50,000 | $250,000 | August 8, 2022 | sec.gov | |
| February 28, 2022 | Progress update | $100,000 | $3,080,000 | February 4, 2022 | Total raised $253,828 | sec.gov |
| October 29, 2021 | Offering | $100,000 | $3,080,000 | February 4, 2022 | sec.gov |
Updated September 19, 2022. 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.