Data / Crowdfunding / Minnesota / Sun50, LLC
Sun50, LLC: crowdfunding raise on StartEngine Capital, LLC, $9,999 to $1,069,999 (2022)
Sun50, LLC, a limited liability company in Eagan, MN, filed a Form C with the SEC on June 28, 2022 to raise $9,999 to $1,069,999 in Series A Preferred Units through StartEngine Capital, LLC. The offering closed on August 29, 2022. In its most recent fiscal year it reported $307,254 in revenue and a net loss of $587,348, with 12 employees.
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- Website
- sun50.com
- Funding portal
- StartEngine Capital, LLC
- Address
- 2905 LEXINGTON AVENUE SOUTH SUITE 100 SUITE 100, Eagan, MN 55121
- Legal form
- Limited Liability Company
- Jurisdiction
- MN
- Incorporated
- July 9, 2018
- SEC CIK
- 0001915726
Offering terms
From the amendment filed June 28, 2022.
- Security
- Series A Preferred Units
- Price
- $1.01
- Target
- $9,999
- Maximum
- $1,069,999
- Deadline
- August 29, 2022
- Portal compensation
- 7 - 13 percent
Financials
From the Form C-U filed July 29, 2022.
| Most recent fiscal year | Prior fiscal year | Source | |
|---|---|---|---|
| Revenue | $307,254 | $147,106 | sec.gov |
| Cost of goods sold | $73,134 | $31,325 | sec.gov |
| Net income | $-587,348 | $-723,352 | sec.gov |
| Taxes paid | $0 | $0 | sec.gov |
| Total assets | $370,670 | $347,592 | sec.gov |
| Cash | $12,009 | $83,888 | sec.gov |
| Accounts receivable | $0 | $0 | sec.gov |
| Short-term debt | $408,596 | $363,745 | sec.gov |
| Long-term debt | $466,701 | $542,397 | sec.gov |
Filings
| Filed | Filing | Target | Maximum | Deadline | Note | Source |
|---|---|---|---|---|---|---|
| July 29, 2022 | Progress update | $9,999 | $1,069,999 | August 29, 2022 | At the close of the offering, the issuer closed on $99,239.05 and 101,955 number of securities. | sec.gov |
| June 28, 2022 | Amendment | $9,999 | $1,069,999 | August 29, 2022 | Issuer is extending campaign end date. | sec.gov |
| April 28, 2022 | Annual report | Not listed | Not listed | sec.gov | ||
| April 25, 2022 | Amendment | $9,999 | $1,069,999 | June 29, 2022 | Issuer is extending by 60 days and updating 2020/2021 Financials | sec.gov |
| March 17, 2022 | Offering | $9,999 | $1,069,999 | April 30, 2022 | sec.gov |
Updated July 29, 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.