Data / Crowdfunding / California / Sun & Swell Inc.
Sun & Swell Inc.: crowdfunding raise on Wefunder Portal LLC, $100,000 to $300,000 (2023)
Sun & Swell Inc., a corporation in Santa Barbara, CA, filed a Form C with the SEC on October 13, 2023 to raise $100,000 to $300,000 in preferred stock through Wefunder Portal LLC. The offering closed on April 29, 2024. In its most recent fiscal year it reported $950,562 in revenue and a net loss of $612,237, with 4 employees.
SpecStream is the live web data engine for teams and agents. It reads every Form C on SEC EDGAR each morning, and this page is that reading. Ask for your own cut (a portal, a state, a size, a revenue range) and new raises arrive in your sheet, CRM, Slack or agent as they land.
- Website
- www.sunandswellfoods.com
- Funding portal
- Wefunder Portal LLC
- Address
- 126 East Haley Street Suite A-2, Santa Barbara, CA 93109
- Legal form
- Corporation
- Jurisdiction
- CA
- Incorporated
- April 19, 2018
- SEC CIK
- 0001850899
Offering terms
From the amendment filed October 13, 2023.
- Security
- Preferred Stock
- Price
- $1.80
- Target
- $100,000
- Maximum
- $300,000
- Deadline
- April 29, 2024
- Portal compensation
- 6.5% of the offering amount upon a successful fundraise, and be entitled to reimbursement for out-of-pocket third party expenses it pays or incurs on behalf of the Issuer in connection with the offering.
Financials
From the Form C/A filed October 13, 2023.
| Most recent fiscal year | Prior fiscal year | Source | |
|---|---|---|---|
| Revenue | $950,562 | $670,875 | sec.gov |
| Cost of goods sold | $545,674 | $306,646 | sec.gov |
| Net income | $-612,237 | $-551,735 | sec.gov |
| Taxes paid | $0 | $0 | sec.gov |
| Total assets | $557,033 | $749,087 | sec.gov |
| Cash | $152,464 | $397,656 | sec.gov |
| Accounts receivable | $2,874 | $8,825 | sec.gov |
| Short-term debt | $268,794 | $191,638 | sec.gov |
| Long-term debt | $360,364 | $379,641 | sec.gov |
Filings
| Filed | Filing | Target | Maximum | Deadline | Note | Source |
|---|---|---|---|---|---|---|
| October 13, 2023 | Amendment | $100,000 | $300,000 | April 29, 2024 | Lowered campaign maximum to $300k, updating Lead Investor quote | sec.gov |
| August 23, 2023 | Amendment | $100,000 | $617,999 | April 29, 2024 | Updating the Lead Investor to Lisa Stoner | sec.gov |
| August 3, 2023 | Offering | $100,000 | $617,999 | April 29, 2024 | sec.gov | |
| August 3, 2023 | Annual report | Not listed | Not listed | sec.gov | ||
| March 23, 2021 | Amendment | $100,000 | $750,000 | April 30, 2022 | Adding lead investor | sec.gov |
| March 12, 2021 | Offering | $100,000 | $750,000 | April 30, 2022 | sec.gov |
Updated October 13, 2023. 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.