Data / Crowdfunding / Illinois / TNT Franchise Fund Inc.
TNT Franchise Fund Inc.: crowdfunding raise on SECURITIZE MARKETS, LLC, $25,000 to $4,999,995 (2023)
TNT Franchise Fund Inc., a corporation in Chicago, IL, filed a Form C with the SEC on August 18, 2023 to raise $25,000 to $4,999,995 in common stock through SECURITIZE MARKETS, LLC. The offering closed on April 30, 2024. In its most recent fiscal year it reported $0 in revenue and a net loss of $5,767, with 4 employees.
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- Website
- franshares.com
- Funding portal
- SECURITIZE MARKETS, LLC
- Address
- 405 W. SUPERIOR STREET #93, Chicago, IL 60654
- Legal form
- Corporation
- Jurisdiction
- DE
- Incorporated
- July 9, 2021
- SEC CIK
- 0001874255
Offering terms
From the amendment filed August 18, 2023.
- Security
- Common Stock
- Price
- $11.00
- Target
- $25,000
- Maximum
- $4,999,995
- Deadline
- April 30, 2024
- Portal compensation
- The Company has engaged Securitize, LLC as placement agent for this offering. The Company will pay Securitize, LLC: a fee equal to 5% of the dollar amount actually received from U.S. investors at closing and an Additional Services fee of $15,000.
Financials
From the Form C-U filed May 6, 2024.
| Most recent fiscal year | Prior fiscal year | Source | |
|---|---|---|---|
| Revenue | $0 | $0 | sec.gov |
| Cost of goods sold | $0 | $0 | sec.gov |
| Net income | $-5,767 | $-101,576 | sec.gov |
| Taxes paid | $0 | $0 | sec.gov |
| Total assets | $2,946,441 | $0 | sec.gov |
| Cash | $1,845,124 | $0 | sec.gov |
| Accounts receivable | $0 | $0 | sec.gov |
| Short-term debt | $389,314 | $101,576 | sec.gov |
| Long-term debt | $0 | $0 | sec.gov |
Filings
| Filed | Filing | Target | Maximum | Deadline | Note | Source |
|---|---|---|---|---|---|---|
| May 6, 2024 | Termination of reporting | Not listed | Not listed | sec.gov | ||
| May 6, 2024 | Progress update | $25,000 | $4,999,995 | April 30, 2024 | The Company sold 37,489.55 shares amounting to $412,385 from 136 purchasers. | sec.gov |
| May 1, 2024 | Annual report | Not listed | Not listed | sec.gov | ||
| August 18, 2023 | Amendment | $25,000 | $4,999,995 | April 30, 2024 | Providing correct copies of the company's financial statements | sec.gov |
| August 14, 2023 | Offering | $25,000 | $4,999,995 | April 30, 2024 | sec.gov |
Updated May 6, 2024. 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.