Data / Crowdfunding / Pennsylvania / Ubuntu Fine Arts LLC
Ubuntu Fine Arts LLC: crowdfunding raise on Honeycomb Portal LLC, $25,000 to $60,000 (2023)
Ubuntu Fine Arts LLC, a limited liability company in Philadelphia, PA, filed a Form C with the SEC on May 8, 2023 to raise $25,000 to $60,000 in debt through Honeycomb Portal LLC. The offering closed on June 23, 2023. In its most recent fiscal year it reported $57,344 in revenue and $512 in net income, with 1 employees.
SpecStream is the live web data engine for teams and agents. It reads every Form C on SEC EDGAR each morning, and this page is that reading. Ask for your own cut (a portal, a state, a size, a revenue range) and new raises arrive in your sheet, CRM, Slack or agent as they land.
- Website
- www.ubuntufa.com
- Funding portal
- Honeycomb Portal LLC
- Address
- 5623 CHEW AVE, Philadelphia, PA 19138
- Legal form
- Limited Liability Company
- Jurisdiction
- PA
- Incorporated
- March 3, 2021
- SEC CIK
- 0001975538
Offering terms
From the offering filed May 8, 2023.
- Security
- Debt
- Price
- $1.00
- Target
- $25,000
- Maximum
- $60,000
- Deadline
- June 23, 2023
- Portal compensation
- Applied at marginal rate based upon amount of total offering: up to$50,000 = 8.0%, $50,001 - $100,000 = 7.0%, $100,001+ = 6.0%. $250 posting fee. 2.85% investment fee capped at $37.25.
Financials
From the Form C-U filed July 18, 2023.
| Most recent fiscal year | Prior fiscal year | Source | |
|---|---|---|---|
| Revenue | $57,344 | $25,877 | sec.gov |
| Cost of goods sold | $7,520 | $1,082 | sec.gov |
| Net income | $512 | $-96,347 | sec.gov |
| Taxes paid | $0 | $0 | sec.gov |
| Total assets | $-15,916 | $4,646 | sec.gov |
| Cash | $-24,213 | $-1,371 | sec.gov |
| Accounts receivable | $761 | $0 | sec.gov |
| Short-term debt | $68,470 | $84,007 | sec.gov |
| Long-term debt | $0 | $0 | sec.gov |
Filings
| Filed | Filing | Target | Maximum | Deadline | Note | Source |
|---|---|---|---|---|---|---|
| July 18, 2023 | Progress update | $25,000 | $60,000 | June 23, 2023 | Total raised $25,550 | sec.gov |
| May 8, 2023 | Offering | $25,000 | $60,000 | June 23, 2023 | sec.gov |
Updated July 18, 2023. 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.