Data / Crowdfunding / Minnesota / T2M LLC
T2M LLC: crowdfunding raise on NetCapital Funding Portal Inc., $10,000 to $1,070,000 (2020)
T2M LLC, a limited liability company in Golden Valley, MN, filed a Form C with the SEC on December 10, 2020 to raise $10,000 to $1,070,000 in Membership Units through NetCapital Funding Portal Inc.. The offering closed on January 15, 2021. In its most recent fiscal year it reported $937,782 in revenue and a net loss of $832,751, with 12 employees.
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- Website
- ttwom.com
- Funding portal
- NetCapital Funding Portal Inc.
- Address
- 2440 KYLE AVE, Golden Valley, MN 55422
- Legal form
- Limited Liability Company
- Jurisdiction
- MN
- Incorporated
- March 28, 2018
- SEC CIK
- 0001827160
Offering terms
From the amendment filed December 10, 2020.
- Security
- Membership Units
- Price
- $5.00
- Target
- $10,000
- Maximum
- $1,070,000
- Deadline
- January 15, 2021
- Portal compensation
- Up to 4.9% of amount raised for a successful offering and a listing fee of up to $5,000
Financials
From the Form C-U filed January 19, 2021.
| Most recent fiscal year | Prior fiscal year | Source | |
|---|---|---|---|
| Revenue | $937,782 | $143,860 | sec.gov |
| Cost of goods sold | $852,275 | $164,417 | sec.gov |
| Net income | $-832,751 | $-289,576 | sec.gov |
| Taxes paid | $0 | $0 | sec.gov |
| Total assets | $1,502,778 | $482,741 | sec.gov |
| Cash | $283,174 | $117,328 | sec.gov |
| Accounts receivable | $194,690 | $118,780 | sec.gov |
| Short-term debt | $24,235 | $121,497 | sec.gov |
| Long-term debt | $1,100,150 | $150,000 | sec.gov |
Filings
| Filed | Filing | Target | Maximum | Deadline | Note | Source |
|---|---|---|---|---|---|---|
| April 28, 2021 | Termination of reporting | Not listed | Not listed | sec.gov | ||
| January 19, 2021 | Progress update | $10,000 | $1,070,000 | January 15, 2021 | End of offering. Issuer closed its offering with estimated gross proceeds of $14,760. The foregoing is in regard only to the amount raised under the Section 4(a)(6) exemption. | sec.gov |
| December 10, 2020 | Amendment | $10,000 | $1,070,000 | January 15, 2021 | issuer extended the offering date. | sec.gov |
| November 13, 2020 | Amendment | $10,000 | $1,070,000 | December 11, 2020 | the issuer added a pdf file to the bottom of the text section of the problem segment on the offering page. | sec.gov |
| November 12, 2020 | Amendment | $10,000 | $1,070,000 | December 11, 2020 | the issuer added a pdf document in the "problem" section of their offering page. | sec.gov |
| October 13, 2020 | Offering | $10,000 | $1,070,000 | December 11, 2020 | sec.gov |
Updated April 28, 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.