Data / Crowdfunding / Illinois / SwayBrand Inc.
SwayBrand Inc.: crowdfunding raise on SI SECURITIES, LLC, $25,000 to $950,000 (2021)
SwayBrand Inc., a corporation in Monee, IL, filed a Form C with the SEC on March 16, 2021 to raise $25,000 to $950,000 in preferred stock through SI SECURITIES, LLC. The offering closed on April 30, 2021. In its most recent fiscal year it reported $2,955 in revenue and a net loss of $278,701, with 3 employees.
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- Website
- www.swaybrand.com
- Funding portal
- SI SECURITIES, LLC
- Address
- 6832 W. WAGNER DRIVE, Monee, IL 60449
- Legal form
- Corporation
- Jurisdiction
- DE
- Incorporated
- November 16, 2015
- SEC CIK
- 0001834420
Offering terms
From the amendment filed March 16, 2021.
- Security
- Preferred Stock
- Price
- $4.32
- Target
- $25,000
- Maximum
- $950,000
- Deadline
- April 30, 2021
- Portal compensation
- 7.5% of the amount raised
Financials
From the Form C-AR filed May 11, 2021.
| Most recent fiscal year | Prior fiscal year | Source | |
|---|---|---|---|
| Revenue | $2,955 | $23,120 | sec.gov |
| Cost of goods sold | $0 | $0 | sec.gov |
| Net income | $-278,701 | $4,456 | sec.gov |
| Taxes paid | $0 | $0 | sec.gov |
| Total assets | $144,589 | $33,001 | sec.gov |
| Cash | $136,589 | $25,001 | sec.gov |
| Accounts receivable | $8,000 | $8,000 | sec.gov |
| Short-term debt | $42,033 | $49,634 | sec.gov |
| Long-term debt | $0 | $0 | sec.gov |
Filings
| Filed | Filing | Target | Maximum | Deadline | Note | Source |
|---|---|---|---|---|---|---|
| May 11, 2021 | Annual report | Not listed | Not listed | sec.gov | ||
| April 22, 2021 | Progress update | Not listed | Not listed | The issuer raised approximately $73,988 during the offering period. Payments are still being processed; the exact amount has yet to be determined. | sec.gov | |
| March 16, 2021 | Amendment | $25,000 | $950,000 | April 30, 2021 | Adjusted investor limits to conform with new Regulation CF rules and removed Reg D investment threshold. All existing online Reg D investments will be processed via CF. | sec.gov |
| March 8, 2021 | Offering | $25,000 | $950,000 | April 30, 2021 | sec.gov |
Updated May 11, 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.