Data / Crowdfunding / Texas / Texas Karne, LLC
Texas Karne, LLC: crowdfunding raise on NextSeed Securities, LLC, $250,000 to $1,000,000 (2019)
Texas Karne, LLC, a limited liability company in Houston, TX, filed a Form C with the SEC on October 17, 2019 to raise $250,000 to $1,000,000 in debt through NextSeed Securities, LLC. The offering closed on February 28, 2020. In its most recent fiscal year it reported $0 in revenue and $0 in net income, with 9 employees.
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- Website
- www.karnesteakhouse.com
- Funding portal
- NextSeed Securities, LLC
- Address
- 2805 WHITE OAK DR SUITE 100, Houston, TX 77007
- Legal form
- Limited Liability Company
- Jurisdiction
- TX
- Incorporated
- January 11, 2019
- SEC CIK
- 0001785236
Offering terms
From the offering filed October 17, 2019.
- Security
- Debt
- Target
- $250,000
- Maximum
- $1,000,000
- Deadline
- February 28, 2020
- Portal compensation
- 10% if the Offering Amount is $500,000 or less, 9% if the Offering Amount is more than $500,000 and $750,000 or less, and 8% if the Offering Amount is more than $750,000; 5% of the amount raised from investors that were introduced by the Issuer.
Financials
From the Form C-AR filed April 30, 2021.
| Most recent fiscal year | Prior fiscal year | Source | |
|---|---|---|---|
| Revenue | $0 | $0 | sec.gov |
| Cost of goods sold | $0 | $0 | sec.gov |
| Net income | $0 | $0 | sec.gov |
| Taxes paid | $0 | $0 | sec.gov |
| Total assets | $375,881 | $88,736 | sec.gov |
| Cash | $1,632 | $1,805 | sec.gov |
| Accounts receivable | $0 | $0 | sec.gov |
| Short-term debt | $51,000 | $1,000 | sec.gov |
| Long-term debt | $392,500 | $0 | sec.gov |
Filings
| Filed | Filing | Target | Maximum | Deadline | Note | Source |
|---|---|---|---|---|---|---|
| April 30, 2021 | Annual report | Not listed | Not listed | sec.gov | ||
| June 29, 2020 | Withdrawal | Not listed | Not listed | sec.gov | ||
| May 5, 2020 | Termination of reporting | Not listed | Not listed | sec.gov | ||
| April 30, 2020 | Annual report | Not listed | Not listed | sec.gov | ||
| March 25, 2020 | Progress update | $250,000 | $1,000,000 | February 28, 2020 | Issuer raised $392,600. | sec.gov |
| October 17, 2019 | Offering | $250,000 | $1,000,000 | February 28, 2020 | sec.gov |
Updated April 30, 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.