Form C: Issuer Information

Issuer Information

Name of Issuer:

Impact Eleven LLC

Describe Progress Update:

End of offering. Issuer closed its offering with estimated gross proceeds of $988,196. The foregoing is in regard only to the amount raised under the Section 4(a)(6) exemption.

Legal Status of Issuer:

Form:

Limited Liability Company

Jurisdiction of Incorporation/Organization:

MICHIGAN

Date of Incorporation/Organization:

07-16-2021

Physical Address of Issuer:

Address 1:

30300 Telegraph Road

Address 2:

Suite 370

City:

Bingham Farms

State/Country:

MICHIGAN

Mailing Zip/Postal Code:

48025

Website of Issuer:

ImpactEleven.com

Intermediary through which the Offering will be Conducted:

CIK:

0001669191

Company Name:

NetCapital Funding Portal Inc.

Commission File Number:

007-00035

CRD Number:

283596

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:

Up to 4.9% of amount raised for a successful offering

Any other financial interest in the issuer held by the intermediary, or any arrangement for the intermediary to acquire such an interest:

None.

Type of Security Offered:

Common Stock

Target Number of Securities to be Offered:

5000

Price:

2.00000

Price (or Method for Determining Price):

The price of the Securities was determined solely by the management and includes a combination of projected revenue multiples and EBITDA multiples.

Target Offering Amount:

10000.00

Maximum Offering Amount (if different from Target Offering Amount):

1235000.00

Oversubscriptions Accepted:

Yes

If yes, disclose how oversubscriptions will be allocated:

First-come, first-served basis

Deadline to reach the Target Offering Amount:

04-29-2024

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:

Total Assets Most Recent Fiscal Year-end:

394622.00

Total Assets Prior Fiscal Year-end:

56985.00

Cash and Cash Equivalents Most Recent Fiscal Year-end:

105839.00

Cash and Cash Equivalents Prior Fiscal Year-end:

41985.00

Accounts Receivable Most Recent Fiscal Year-end:

200991.00

Accounts Receivable Prior Fiscal Year-end:

15000.00

Short-term Debt Most Recent Fiscal Year-end:

0.00

Short-term Debt Prior Fiscal Year-end:

0.00

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:

3434342.00

Revenue/Sales Prior Fiscal Year-end:

1435195.00

Cost of Goods Sold Most Recent Fiscal Year-end:

2671967.00

Cost of Goods Sold Prior Fiscal Year-end:

1260625.00

Taxes Paid Most Recent Fiscal Year-end:

0.00

Taxes Paid Prior Fiscal Year-end:

0.00

Net Income Most Recent Fiscal Year-end:

10162.00

Net Income Prior Fiscal Year-end:

30841.00