Data / Crowdfunding / Nevada / Sugarfina Corp
Sugarfina Corp: crowdfunding raise on OpenDeal Portal LLC, $25,000 to $5,000,000 (2023)
Sugarfina Corp, a corporation in Las Vegas, NV, filed a Form C with the SEC on April 27, 2023 to raise $25,000 to $5,000,000 in Crowd SAFE (Simple Agreement for Future Equity) through OpenDeal Portal LLC. The offering closed on October 15, 2023. In its most recent fiscal year it reported $26,770,748 in revenue and a net loss of $6,776,487, with 91 employees.
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- Website
- www.sugarfina.com
- Funding portal
- OpenDeal Portal LLC
- Address
- 5275 W. DIABLO DR. SUITE A1-101, Las Vegas, NV 89118
- Legal form
- Corporation
- Jurisdiction
- DE
- Incorporated
- September 26, 2020
- SEC CIK
- 0001824123
Offering terms
From the amendment filed April 27, 2023.
- Security
- Crowd SAFE (Simple Agreement for Future Equity)
- Price
- $1.00
- Target
- $25,000
- Maximum
- $5,000,000
- Deadline
- October 15, 2023
- Portal compensation
- At the conclusion of the offering, the issuer shall pay a fee of five percent (5%) of the amount raised in the offering to the Intermediary.
Financials
From the Form C-AR filed April 29, 2024.
| Most recent fiscal year | Prior fiscal year | Source | |
|---|---|---|---|
| Revenue | $26,770,748 | $30,854,767 | sec.gov |
| Cost of goods sold | $13,414,427 | $14,959,475 | sec.gov |
| Net income | $-6,776,487 | $-2,123,315 | sec.gov |
| Taxes paid | $7,756 | $7,756 | sec.gov |
| Total assets | $14,175,584 | $20,058,409 | sec.gov |
| Cash | $564,585 | $1,194,106 | sec.gov |
| Accounts receivable | $1,756,722 | $2,103,558 | sec.gov |
| Short-term debt | $5,131,448 | $4,430,907 | sec.gov |
| Long-term debt | $21,504,487 | $21,385,526 | sec.gov |
Filings
| Filed | Filing | Target | Maximum | Deadline | Note | Source |
|---|---|---|---|---|---|---|
| January 23, 2025 | Termination of reporting | Not listed | Not listed | sec.gov | ||
| April 29, 2024 | Annual report | Not listed | Not listed | sec.gov | ||
| October 18, 2023 | Progress update | $25,000 | $5,000,000 | October 15, 2023 | The Offering closed successfully on 10/16/2023, having received investment commitments of $119,717.85, although a final accounting has not taken place. | sec.gov |
| April 27, 2023 | Amendment | $25,000 | $5,000,000 | October 15, 2023 | Form filed to (1) update the Audited Financial Statements; (2) extend the offering deadline to October 15, 2023; (3) provide updated information for the capitalization and description of the business operations of the company; and (4) include a cover page. | sec.gov |
| January 20, 2023 | Offering | $25,000 | $5,000,000 | April 30, 2023 | sec.gov | |
| August 2, 2021 | Withdrawal | Not listed | Not listed | sec.gov | ||
| June 11, 2021 | Offering | $25,000 | $5,000,000 | April 30, 2022 | sec.gov |
Also on SpecStream
Updated January 23, 2025. 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.