Data / Crowdfunding / South Carolina / Wholesome Spirits Inc.
Wholesome Spirits Inc.: crowdfunding raise on OpenDeal Portal LLC, $25,000 to $1,235,000 (2023)
Wholesome Spirits Inc., a corporation in Charleston, SC, filed a Form C with the SEC on February 27, 2023 to raise $25,000 to $1,235,000 in Crowd SAFE (Simple Agreement for Future Equity) through OpenDeal Portal LLC. The offering closed on April 28, 2023. In its most recent fiscal year it reported $875,235 in revenue and a net loss of $3,327,990, with 5 employees.
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- Website
- www.drinkvolley.com
- Funding portal
- OpenDeal Portal LLC
- Address
- 132 EAST BAY STREET 2ND FLOOR, Charleston, SC 29401
- Legal form
- Corporation
- Jurisdiction
- DE
- Incorporated
- June 21, 2019
- SEC CIK
- 0001943485
Offering terms
From the offering filed February 27, 2023.
- Security
- Crowd SAFE (Simple Agreement for Future Equity)
- Price
- $1.00
- Target
- $25,000
- Maximum
- $1,235,000
- Deadline
- April 28, 2023
- 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-U filed May 1, 2023.
| Most recent fiscal year | Prior fiscal year | Source | |
|---|---|---|---|
| Revenue | $875,235 | $427,012 | sec.gov |
| Cost of goods sold | $567,391 | $318,377 | sec.gov |
| Net income | $-3,327,990 | $-1,213,558 | sec.gov |
| Taxes paid | $0 | $0 | sec.gov |
| Total assets | $4,258,428 | $2,545,407 | sec.gov |
| Cash | $2,307,214 | $1,794,482 | sec.gov |
| Accounts receivable | $37,661 | $62,297 | sec.gov |
| Short-term debt | $348,299 | $247,472 | sec.gov |
| Long-term debt | $0 | $3,120,406 | sec.gov |
Filings
| Filed | Filing | Target | Maximum | Deadline | Note | Source |
|---|---|---|---|---|---|---|
| May 1, 2023 | Progress update | $25,000 | $1,235,000 | April 28, 2023 | The Offering closed successfully on 4/29/2023, having received investment commitments of $135,155, although a final accounting has not taken place. | sec.gov |
| February 27, 2023 | Offering | $25,000 | $1,235,000 | April 28, 2023 | sec.gov |
Also on SpecStream
Updated May 1, 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.