FranShares, Inc.
Raised
$6M
Investors
—
Min Invest
None stated
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AltStreet Analysis
·Generated from EDGAR primary sources
The FranShares operating company's own equity raise, not an investor-facing franchise fund. This Delaware corporation filed a Form D on April 26, 2023 reporting $3,430,889 sold against a $5,675,889 offering with a first sale of April 12, 2023, and an amendment on May 23, 2024 raising the total to $5,816,701 sold against a $6,675,848 offering. The amendment is the entity's last filing. The distinction matters when reading the platform's scale claims: this is capital raised by the sponsor from its own investors, separate from the money retail investors placed into franchise vehicles, and it is the larger of the two numbers in the FranShares family. The platform ceased operating in March 2026.
Critical Disclosures
What the filings and the regulators have said about this entity that a reader should know first. Each line links to its source. The history, the same event across other issuers, and alerts are in the terminal.
Reporting lapsed · Form D · last filing May 23, 2024
Offering declared to continue beyond a year; annual amendment 13+ months overdue An issuer that stops filing is the case the going-concern flag cannot catch: the report that would have carried it was never filed.
EDGAR Filing Data
Form D — Primary Source
View on SEC.govFilings on Record
Every filing AltStreet's ledger holds for this CIK, newest first. Each opens the SEC archive folder.
In the Terminal
Filing events
3
latest May 23, 2024
Critical / warning
0 / 0
2 watch · 1 info
Statements extracted
0
none on file
NAV prints
0
none on file
Offering chains
1
dark
Latest event Sold increase · May 23, 2024
SEC.govInvestor
- 3 filing events with values and deltas, latest 2024-05-23, and alerts on the next one
- 1 offering timeline: velocity, share raised, first-sale lag, stalled flags
Pro
- This issuer against its cohort: rank by velocity and share raised among offerings filed the same quarter
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Related Persons (Form D)
Executive officers, directors, and promoters listed on the SEC Form D filing. Source: SEC.gov.
Kenneth Rose
Executive Officer, Director · Chicago, IL
Stuart Larkins
Director · Chicago, IL
Hans Pusch
Director · Chicago, IL
Questions About FranShares, Inc.
Each answer is built from the values on the SEC filing and the AltStreet ledger, not from the issuer's marketing.
What is FranShares, Inc.?
FranShares, Inc. is a Delaware corporation that filed a Form D with the SEC on May 23, 2024 in the Other industry group. The filing claims Rule 506(b) for an offering of equity.
Is FranShares, Inc. legit?
AltStreet does not rate legitimacy; it reports the public record. FranShares, Inc. filed a Form D with the SEC on May 23, 2024 claiming Rule 506(b). A Form D is a notice of an exempt offering, not a review or approval of it. The newest notice reports $5,816,701 sold to 23 investors. AltStreet's enforcement record (SEC, FINRA and state actions) shows no action naming the issuer as of today. Before investing, confirm the filing on EDGAR, check the seller's registration on FINRA BrokerCheck, and read the offering documents, which a Form D does not include.
Is FranShares, Inc. registered with or approved by the SEC?
No. A Form D is a notice that an issuer is selling securities under an exemption from registration, and the SEC does not review, approve, or pass on the merits of the offering. The filing shows that FranShares, Inc. claimed Rule 506(b) and disclosed the items the form requires, such as the amount sold, the minimum investment, related persons, and anyone paid to sell the securities. It does not verify the issuer's claims or its business.
How much has FranShares, Inc. raised?
FranShares, Inc. reported $5,816,701 sold from 23 investors of a $6,675,848 total offering as of the Form D filed May 23, 2024.
Who can invest in FranShares, Inc.?
The offering relies on Rule 506(b), which permits sales to accredited investors and to no more than 35 non-accredited investors who meet a sophistication standard, and prohibits general solicitation. The filing reports no non-accredited investors. The filing lists the minimum investment as $0, meaning no minimum was stated.
What is the minimum investment in FranShares, Inc.?
The Form D lists the minimum investment as $0, which means the issuer did not state a minimum on the form. The offering documents, not the Form D, set the actual subscription terms.
Who is selling FranShares, Inc. and how are they paid?
The Form D names no recipient of sales compensation, which usually means the issuer or its affiliates are placing the securities directly. Sales commissions are reported as $0 and finders' fees as $0. Form D allows these to be estimates.
Who is behind FranShares, Inc.?
The Form D lists 3 related persons: Kenneth Rose, executive officer, director; Stuart Larkins, director; Hans Pusch, director. Form D Item 3 requires executive officers, directors, and promoters of the issuer to be listed.
Where is FranShares, Inc. located?
The issuer's address on its SEC filings is 405 W. Superior St., # 93, Chicago, IL 60654. Its phone number of record is (619) 929-4140. It is organized under the laws of Delaware.
How long is the FranShares, Inc. offering open?
The issuer indicated that the offering is intended to last more than one year. An issuer must amend its Form D annually while a continuing offering stays open; 1 amendment is on record for this CIK.
What is FranShares, Inc.'s revenue?
The issuer declined to disclose its revenue range on the Form D, which the form permits.
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Data Methodology
Capital raise figures, investor counts, and filing dates are sourced directly from SEC EDGAR Form D primary documents via the SEC EDGAR submissions API and full-text search index. EDGAR entity profiles and deal-level data are reviewed by AltStreet analysts with backgrounds in corporate finance and securities law — cross-referenced against offering circulars, audited financial statements, and primary regulatory filings before publication. Platform-provided information, where present, is clearly labeled and does not affect EDGAR data or AltStreet editorial coverage. Platforms may request factual corrections for demonstrable inaccuracies by contacting [email protected]. This page does not constitute investment advice.