FORM C |
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 | OMB APPROVAL |
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Form C: Filer Information
Filer CIK: | 0001974512 |
Filer CCC: | XXXXXXXX |
Is this a LIVE or TEST Filing? | LIVE TEST |
Is this an electronic copy of an official filing submitted in paper format in connection with a hardship exemption? | |
Would you like a Return Copy? |
Submission Contact Information
Name: | |
Phone Number: | |
Contact E-Mail Address: | |
Notify via Filing Website only? |
Form C: Issuer Information
Issuer Information
Name of Issuer: | Penny Shoppe LLC |
Legal Status of Issuer:
Form: | Limited Liability Company |
Jurisdiction of Incorporation/Organization: |
CALIFORNIA
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Date of Incorporation/Organization: | 03-21-2019 |
Physical Address of Issuer:
Address 1: | 4055 IRVING ST |
City: | SAN FRANCISCO |
State/Country: |
CALIFORNIA
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Mailing Zip/Postal Code: | 94122 |
Website of Issuer: | https://www.palmcitysf.com |
CIK: | 0001707214 |
Company Name: | SMBX, Inc. |
Commission File Number: | 007-00129 |
CRD Number: | 290186 |
Form C: Offering Information
Offering Information
Amount of compensation to be paid to the intermediary, whether as a dollar amount or a percentage of the offering amount, or a good faith estimate if the exact amount is not available at the time of the filing, for conducting the offering, including the amount of referral and any other fees associated with the offering: | SMBX will be charging a capital raise fee of 6.00% (up to $15,000 based on the total amount raised) |
Any other financial interest in the issuer held by the intermediary, or any arrangement for the intermediary to acquire such an interest: | N/A |
Type of Security Offered: | Debt |
Price: | 10.00000 |
Price (or Method for Determining Price): | This is a debt security and the yield at which the bonds pay interest is determined by the market rate yield range for similar SBA loans in the market as of April 2023. The yield is fixed and determined upfront at 9.50%. |
Target Offering Amount: | 20000.00 |
Maximum Offering Amount (if different from Target Offering Amount): | 250000.00 |
Oversubscriptions Accepted: | Yes No |
If yes, disclose how oversubscriptions will be allocated: | First-come, first-served basis |
Deadline to reach the Target Offering Amount: | 06-26-2023 |
NOTE: If the sum of the investment commitments does not equal or exceed the target offering amount at the offering deadline, no securities will be sold in the offering, investment commitments will be cancelled and committed funds will be returned.
Form C: Annual Report Disclosure Requirements
Annual Report Disclosure Requirements
Current Number of Employees: | 12.00 |
Total Assets Most Recent Fiscal Year-end: | 229060.00 |
Total Assets Prior Fiscal Year-end: | 438280.00 |
Cash and Cash Equivalents Most Recent Fiscal Year-end: | 14893.00 |
Cash and Cash Equivalents Prior Fiscal Year-end: | 5735.00 |
Accounts Receivable Most Recent Fiscal Year-end: | 0.00 |
Accounts Receivable Prior Fiscal Year-end: | 0.00 |
Short-term Debt Most Recent Fiscal Year-end: | 267088.00 |
Short-term Debt Prior Fiscal Year-end: | 311293.00 |
Long-term Debt Most Recent Fiscal Year-end: | 0.00 |
Long-term Debt Prior Fiscal Year-end: | 0.00 |
Revenue/Sales Most Recent Fiscal Year-end: | 1762115.00 |
Revenue/Sales Prior Fiscal Year-end: | 1368662.00 |
Cost of Goods Sold Most Recent Fiscal Year-end: | 1429819.00 |
Cost of Goods Sold Prior Fiscal Year-end: | 784740.00 |
Taxes Paid Most Recent Fiscal Year-end: | 0.00 |
Taxes Paid Prior Fiscal Year-end: | 0.00 |
Net Income Most Recent Fiscal Year-end: | -11034.00 |
Net Income Prior Fiscal Year-end: | -88272.00 |
Using the list below, select the jurisdictions in which the issuer intends to offer the securities: |
ALASKA
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ARIZONA
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ARKANSAS
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CALIFORNIA
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COLORADO
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CONNECTICUT
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DELAWARE
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DISTRICT OF COLUMBIA
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FLORIDA
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GEORGIA
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HAWAII
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IDAHO
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ILLINOIS
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INDIANA
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IOWA
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KANSAS
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KENTUCKY
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LOUISIANA
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MAINE
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MARYLAND
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MASSACHUSETTS
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MICHIGAN
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MINNESOTA
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MISSISSIPPI
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MISSOURI
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MONTANA
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NEBRASKA
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NEVADA
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NEW HAMPSHIRE
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NEW JERSEY
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NEW MEXICO
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NEW YORK
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NORTH CAROLINA
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NORTH DAKOTA
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OHIO
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OKLAHOMA
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OREGON
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PENNSYLVANIA
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PUERTO RICO
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RHODE ISLAND
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SOUTH CAROLINA
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SOUTH DAKOTA
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TENNESSEE
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TEXAS
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UTAH
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VERMONT
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VIRGINIA
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WASHINGTON
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WEST VIRGINIA
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WISCONSIN
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WYOMING
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Form C: Signature
Signature
Issuer: | Penny Shoppe LLC |
Signature: | Dennis Cantwell |
Title: | Managing Partner |
Pursuant to the requirements of Sections 4(a)(6) and 4A of the Securities Act of 1933 and Regulation Crowdfunding (§ 227.100-503), this Form C has been signed by the following persons in the capacities and on the dates indicated.
Signature: | Dennis Cantwell |
Title: | Managing Partner |
Date: | 04-26-2023 |