Trails End Spirits LLC
Raised
Pre-close
Target
$124K
Deadline
Aug 2024
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AltStreet Analysis
·Generated from EDGAR primary sources
Trails End Spirits LLC (operating as Trail Distilling), an Oregon distillery formed in 2014 with 12 employees, is offering $10 debt notes via SMBX with a $10K target and $124K maximum, deadline 2024-08-20. Unaudited FY financials show $480K revenue but a $84,652 net loss, $1.2M total assets, only $6K cash on hand, and $725K in long-term debt — an established operating company with thin liquidity and meaningful pre-existing leverage rather than a pre-revenue project SPV.
This is a small, retail-facing Regulation CF debt offering typical of the alternative investment crowdfunding market, where operating small businesses raise modest sums ($10K–$124K here) through registered funding portals like SMBX rather than pursuing traditional bank or equity financing.
Data Flags
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 C · last filing July 5, 2024
No progress update or annual report 12+ months after the Form C 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 C — 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
1
latest Jul 5, 2024
Critical / warning
0 / 0
0 watch · 1 info
Statements extracted
0
none on file
NAV prints
0
none on file
Offering chains
1
dark
Latest event Offering launched · Jul 5, 2024
SEC.govInvestor
- 1 filing event with values and deltas, latest 2024-07-05, and alerts on the next one
- 1 offering timeline: velocity, share raised, first-sale lag, stalled flags
Pro
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Related Persons (Form D)
Executive officers, directors, and promoters listed on the SEC Form D filing. Source: SEC.gov.
Jerry Brennan
Managing Member
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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.