Data / Crowdfunding / California / Troop Beverage Co.
Troop Beverage Co.: crowdfunding raise on OpenDeal Portal LLC, $25,000 to $1,070,000 (2021)
Troop Beverage Co., a corporation in San Francisco, CA, filed a Form C with the SEC on November 10, 2021 to raise $25,000 to $1,070,000 in Crowd SAFE through OpenDeal Portal LLC. The offering closed on March 4, 2022. In its most recent fiscal year it reported $417,886 in revenue and a net loss of $393,280, with 4 employees.
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- Website
- drinktroop.com
- Funding portal
- OpenDeal Portal LLC
- Address
- 3006 GOUGH STREET 301, San Francisco, CA 94123
- Legal form
- Corporation
- Jurisdiction
- DE
- Incorporated
- April 2, 2018
- SEC CIK
- 0001863157
Offering terms
From the amendment filed November 10, 2021.
- Security
- Crowd SAFE
- Price
- $1.00
- Target
- $25,000
- Maximum
- $1,070,000
- Deadline
- March 4, 2022
- Portal compensation
- At the conclusion of the offering, the issuer shall pay a fee of six percent (6%) of the amount raised in the offering to the Intermediary.
Financials
From the Form C-AR filed April 27, 2022.
| Most recent fiscal year | Prior fiscal year | Source | |
|---|---|---|---|
| Revenue | $417,886 | $76,953 | sec.gov |
| Cost of goods sold | $257,058 | $172,415 | sec.gov |
| Net income | $-393,280 | $-330,127 | sec.gov |
| Taxes paid | $0 | $0 | sec.gov |
| Total assets | $263,463 | $144,709 | sec.gov |
| Cash | $12,282 | $4,213 | sec.gov |
| Accounts receivable | $17,524 | $9,555 | sec.gov |
| Short-term debt | $301,786 | $409,506 | sec.gov |
| Long-term debt | $628,159 | $97,800 | sec.gov |
Filings
| Filed | Filing | Target | Maximum | Deadline | Note | Source |
|---|---|---|---|---|---|---|
| April 27, 2022 | Annual report | Not listed | Not listed | sec.gov | ||
| March 7, 2022 | Progress update | $25,000 | $1,070,000 | March 4, 2022 | The Offering closed successfully on 3/05/2022, having received investment commitments of $339,085.35, although a final accounting has not taken place. | sec.gov |
| November 10, 2021 | Amendment | $25,000 | $1,070,000 | March 4, 2022 | This amendment is being filed to extend the campaign offering deadline, identify the issuance of a convertible note, and update the Issuer's profile page on the Intermediary's website. Please see the Form c/A for further details. | sec.gov |
| July 12, 2021 | Amendment | $25,000 | $1,070,000 | November 12, 2021 | This amendment is being filed to collect a typo in the signature block of the html form. | sec.gov |
| July 1, 2021 | Offering | $25,000 | $1,070,000 | November 12, 2021 | sec.gov |
Updated April 27, 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.