Data / Crowdfunding / Illinois / Urban Juncture, Inc.
Urban Juncture, Inc.: crowdfunding raise on Wefunder Portal LLC, $25,000 to $350,000 (2017)
Urban Juncture, Inc., a corporation in Chicago, IL, filed a Form C with the SEC on October 31, 2017 to raise $25,000 to $350,000 in debt through Wefunder Portal LLC. The offering closed on October 31, 2017. In its most recent fiscal year it reported $6,268 in revenue and a net loss of $306,943, 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.urbanjuncture.com
- Funding portal
- Wefunder Portal LLC
- Address
- 4245 S. King Dr., Chicago, IL 60653
- Legal form
- Corporation
- Jurisdiction
- IL
- Incorporated
- November 12, 2003
- SEC CIK
- 0001674249
Offering terms
From the amendment filed October 31, 2017.
- Security
- Debt
- Price
- $1.00
- Target
- $25,000
- Maximum
- $350,000
- Deadline
- October 31, 2017
- Portal compensation
- 3.0% of the offering amount upon a successful fundraise.
Financials
From the Form C-AR filed May 1, 2018.
| Most recent fiscal year | Prior fiscal year | Source | |
|---|---|---|---|
| Revenue | $6,268 | $213,428 | sec.gov |
| Cost of goods sold | $0 | $0 | sec.gov |
| Net income | $-306,943 | $-76,732 | sec.gov |
| Taxes paid | $0 | $25,585 | sec.gov |
| Total assets | $4,578,850 | $4,431,580 | sec.gov |
| Cash | $153,448 | $6,809 | sec.gov |
| Accounts receivable | $0 | $0 | sec.gov |
| Short-term debt | $131,158 | $1,130 | sec.gov |
| Long-term debt | $3,944,800 | $3,634,704 | sec.gov |
Filings
| Filed | Filing | Target | Maximum | Deadline | Note | Source |
|---|---|---|---|---|---|---|
| May 1, 2018 | Annual report | Not listed | Not listed | sec.gov | ||
| December 20, 2017 | Progress update | $25,000 | $350,000 | October 31, 2017 | $189,229.00 in investments. Payments are still being processed; final number is yet to be determined. | sec.gov |
| October 31, 2017 | Amendment | $25,000 | $350,000 | October 31, 2017 | Updated business plan. | sec.gov |
| April 27, 2017 | Amendment | $25,000 | $350,000 | October 31, 2017 | Include CPA reviewed financials for 2015 and 2016. Raised the maximum goal to $350,000. Extended deadline date. Included information about related party transaction. | sec.gov |
| March 31, 2017 | Amendment | $25,000 | $100,000 | April 30, 2017 | Extend deadline date to April 30, 2017 | sec.gov |
| November 14, 2016 | Amendment | $25,000 | $100,000 | March 31, 2017 | Push deadline back to Mar 31st 2017 from Nov 12th 2016. | sec.gov |
| May 16, 2016 | Offering | $25,000 | $100,000 | November 12, 2016 | sec.gov |
Updated May 1, 2018. 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.