Data / Crowdfunding / Ohio / Spikes Beverage Co
Spikes Beverage Co: crowdfunding raise on Thrivera Ventures Fund I, LLC, $100,000 to $250,000 (2017)
Spikes Beverage Co, a corporation in Liberty Township, OH, filed a Form C with the SEC on November 30, 2017 to raise $100,000 to $250,000 in Spikes Beverage Company, LLC will issue a Simple Agreement for Future Equity. The investor will get a 20% discount on the issuance of future shares against a $2,000,000 pre-money valuation cap. through Thrivera Ventures Fund I, LLC. The offering closed on January 23, 2018. In its most recent fiscal year it reported $41,435 in revenue and a net loss of $191,882, with 3 employees.
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- Website
- www.spikesice.com/investors
- Funding portal
- Thrivera Ventures Fund I, LLC
- Address
- 6199 WINDING CREEK BLVD, Liberty Township, OH 45011
- Legal form
- Corporation
- Jurisdiction
- OH
- Incorporated
- January 1, 2018
- SEC CIK
- 0001718414
Offering terms
From the amendment filed November 30, 2017.
- Security
- Spikes Beverage Company, LLC will issue a Simple Agreement for Future Equity. The investor will get a 20% discount on the issuance of future shares against a $2,000,000 pre-money valuation cap.
- Price
- $100.00
- Target
- $100,000
- Maximum
- $250,000
- Deadline
- January 23, 2018
- Portal compensation
- Intermediary will be compensated 8% on the total of a successful fundraise.
Financials
From the Form C-AR filed April 24, 2019.
| Most recent fiscal year | Prior fiscal year | Source | |
|---|---|---|---|
| Revenue | $41,435 | $7,637 | sec.gov |
| Cost of goods sold | $24,278 | $6,876 | sec.gov |
| Net income | $-191,882 | $-16,887 | sec.gov |
| Taxes paid | $0 | $0 | sec.gov |
| Total assets | $122,839 | $13,957 | sec.gov |
| Cash | $19,233 | $311 | sec.gov |
| Accounts receivable | $3,932 | $0 | sec.gov |
| Short-term debt | $7,492 | $12,947 | sec.gov |
| Long-term debt | $21,307 | $0 | sec.gov |
Filings
| Filed | Filing | Target | Maximum | Deadline | Note | Source |
|---|---|---|---|---|---|---|
| April 24, 2019 | Annual report | Not listed | Not listed | sec.gov | ||
| January 26, 2018 | Progress update | $100,000 | $250,000 | January 23, 2018 | The final amount of raised was $142,927. | sec.gov |
| November 30, 2017 | Amendment | $100,000 | $250,000 | January 23, 2018 | We are adjusting the end date of the offering to 1/23/2018. We are adding a pdf version, which includes the Q&A section of the Form C document. Maximum offering amount adjusted up to $250,000 | sec.gov |
| November 24, 2017 | Amendment | $100,000 | $200,000 | January 23, 2018 | We are adjusting the end date of the offering to We are adding a pdf version, which includes the Q&A section of the Form C document. No other changes. | sec.gov |
| October 20, 2017 | Amendment | $100,000 | $200,000 | December 31, 2017 | We are adding a pdf version, which includes the Q&A section of the Form C document. No other changes. | sec.gov |
| October 19, 2017 | Offering | $100,000 | $200,000 | December 31, 2017 | sec.gov |
Updated April 24, 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.