Data / Crowdfunding / Georgia / Subziwalla LLC
Subziwalla LLC: crowdfunding raise on SI SECURITIES, LLC, $25,000 to $750,000 (2019)
Subziwalla LLC, a limited liability company in Atlanta, GA, filed a Form C with the SEC on February 15, 2019 to raise $25,000 to $750,000 in preferred stock through SI SECURITIES, LLC. The offering closed on April 12, 2019. In its most recent fiscal year it reported $660,868 in revenue and a net loss of $309,194, with 12 employees.
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- Website
- www.subziwalla.com
- Funding portal
- SI SECURITIES, LLC
- Address
- 1080 WEST PEACHTREE ST NW APT 401, Atlanta, GA 30309
- Legal form
- Limited Liability Company
- Jurisdiction
- GA
- Incorporated
- April 10, 2017
- SEC CIK
- 0001768151
Offering terms
From the amendment filed February 15, 2019.
- Security
- Preferred Stock
- Price
- $2.44
- Target
- $25,000
- Maximum
- $750,000
- Deadline
- April 12, 2019
- Portal compensation
- 7.5% of the amount raised
Financials
From the Form C-AR filed April 29, 2021.
| Most recent fiscal year | Prior fiscal year | Source | |
|---|---|---|---|
| Revenue | $660,868 | $73,496 | sec.gov |
| Cost of goods sold | $540,151 | $51,978 | sec.gov |
| Net income | $-309,194 | $-209,222 | sec.gov |
| Taxes paid | $0 | $0 | sec.gov |
| Total assets | $136,097 | $77,920 | sec.gov |
| Cash | $255 | $7,438 | sec.gov |
| Accounts receivable | $2,850 | $2,850 | sec.gov |
| Short-term debt | $15,743 | $681 | sec.gov |
| Long-term debt | $420,809 | $0 | sec.gov |
Filings
| Filed | Filing | Target | Maximum | Deadline | Note | Source |
|---|---|---|---|---|---|---|
| April 29, 2021 | Annual report | Not listed | Not listed | sec.gov | ||
| June 15, 2020 | Annual report | Not listed | Not listed | sec.gov | ||
| April 10, 2019 | Progress update | $25,000 | $750,000 | April 12, 2019 | The issuer raised approximately $83,000 during the offering period. Payment are still being processed; the exact amount has yet to be determined. | sec.gov |
| February 15, 2019 | Amendment | $25,000 | $750,000 | April 12, 2019 | Correction to typo on page 5. | sec.gov |
| February 15, 2019 | Offering | $25,000 | $750,000 | April 12, 2019 | sec.gov |
Updated April 29, 2021. 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.