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Groundfloor Finance Inc. – ‘1-A/A’ on 7/1/15

On:  Wednesday, 7/1/15, at 5:10pm ET   ·   Accession #:  1144204-15-40446   ·   File #:  24-10440

Previous ‘1-A’:  ‘1-A/A’ on 5/26/15   ·   Next:  ‘1-A/A’ on 7/29/15   ·   Latest:  ‘1-A/A’ on 11/16/22   ·   74 References:   

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  As Of                Filer                Filing    For·On·As Docs:Size              Issuer               Agent

 7/01/15  Groundfloor Finance Inc.          1-A/A                 24:9.1M                                   Vintage/FA

Pre-Qualification Amendment to Offering Statement Pursuant to Reg. A   —   Form 1-A
Filing Table of Contents

Document/Exhibit                   Description                      Pages   Size 

 1: 1-A/A       Pre-Qualification Amendment to Offering Statement   HTML     14K 
                          Pursuant to Reg. A -- primary_doc.xml                  
 2: PART II AND III  Parts II and III -- Form 1-A                   HTML    877K 
 3: EX1A-2A CHARTER  Exhibit 2.1                                    HTML     94K 
 4: EX1A-2B BYLAWS  Exhibit 2.2                                     HTML     85K 
 5: EX1A-3 HLDRS RTS  Exhibit 3.1                                   HTML     75K 
 6: EX1A-3 HLDRS RTS  Exhibit 3.2                                   HTML     70K 
 7: EX1A-3 HLDRS RTS  Exhibit 3.3                                   HTML     96K 
 8: EX1A-6 MAT CTRCT  Exhibit 6.1                                   HTML     38K 
17: EX1A-6 MAT CTRCT  Exhibit 6.10                                  HTML     39K 
18: EX1A-6 MAT CTRCT  Exhibit 6.11                                  HTML     39K 
19: EX1A-6 MAT CTRCT  Exhibit 6.12                                  HTML     39K 
20: EX1A-6 MAT CTRCT  Exhibit 6.13                                  HTML     39K 
21: EX1A-6 MAT CTRCT  Exhibit 6.14                                  HTML    105K 
22: EX1A-6 MAT CTRCT  Exhibit 6.15                                  HTML     37K 
 9: EX1A-6 MAT CTRCT  Exhibit 6.2                                   HTML     39K 
10: EX1A-6 MAT CTRCT  Exhibit 6.3                                   HTML     22K 
11: EX1A-6 MAT CTRCT  Exhibit 6.4                                   HTML     22K 
12: EX1A-6 MAT CTRCT  Exhibit 6.5                                   HTML     22K 
13: EX1A-6 MAT CTRCT  Exhibit 6.6                                   HTML     64K 
14: EX1A-6 MAT CTRCT  Exhibit 6.7                                   HTML     46K 
15: EX1A-6 MAT CTRCT  Exhibit 6.8                                   HTML     44K 
16: EX1A-6 MAT CTRCT  Exhibit 6.9                                   HTML     46K 
23: EX1A-11 CONSENT  Exhibit 11.1                                   HTML     11K 
24: EX1A-12 OPN CNSL  Exhibit 12.1                                  HTML     28K

1-A/A   —   Pre-Qualification Amendment to Offering Statement Pursuant to Reg. A — primary_doc.xml



        

This ‘1-A/A’ Document is an XML Data File that may be rendered in various formats:

  Form 1-A    –   Plain Text   –  SEC Website  –  EDGAR System  –    XML Data    –  <?xml?> File
 
 
XML Data rendering:  Pre-Qualification Amendment to Offering Statement
 
                                                                                                                                                                                
<?xml version="1.0" encoding="windows-1252"?>
<edgarSubmission xmlns="http://www.sec.gov/edgar/rega/oneafiler" xmlns:com="http://www.sec.gov/edgar/common">
<headerData>
<submissionType> 1-A/A </submissionType>
<filerInfo>
<liveTestFlag> LIVE </liveTestFlag>
<filer>
<issuerCredentials>
<cik> 0001588504 </cik>
<ccc> XXXXXXXX </ccc>
</issuerCredentials>
<offeringFileNumber> 024-10440 </offeringFileNumber>
</filer>
<flags>
<returnCopyFlag> false </returnCopyFlag>
<overrideInternetFlag> false </overrideInternetFlag>
<sinceLastFiling> false </sinceLastFiling>
</flags>
</filerInfo>
</headerData>
<formData>
<employeesInfo>
<issuerName> GROUNDFLOOR FINANCE INC. </issuerName>
<jurisdictionOrganization> GA </jurisdictionOrganization>
<yearIncorporation> 2013 </yearIncorporation>
<cik> 0001588504 </cik>
<sicCode> 6199 </sicCode>
<irsNum> 46-3414189 </irsNum>
<fullTimeEmployees> 7 </fullTimeEmployees>
<partTimeEmployees> 0 </partTimeEmployees>
</employeesInfo>
<issuerInfo>
<street1> 75 Fifth Street, NW </street1>
<street2> Suite 214 </street2>
<city> Atlanta </city>
<stateOrCountry> GA </stateOrCountry>
<zipCode> 30308 </zipCode>
<phoneNumber> 404-850-9225 </phoneNumber>
<connectionName> Nick Bhargava </connectionName>
<industryGroup> Other </industryGroup>
<cashEquivalents> 540190.00 </cashEquivalents>
<investmentSecurities> 0.00 </investmentSecurities>
<accountsReceivable> 375748.00 </accountsReceivable>
<propertyPlantEquipment> 1916.00 </propertyPlantEquipment>
<totalAssets> 993356.00 </totalAssets>
<accountsPayable> 428800.00 </accountsPayable>
<longTermDebt> 0.00 </longTermDebt>
<totalLiabilities> 811890.00 </totalLiabilities>
<totalStockholderEquity> 181466.00 </totalStockholderEquity>
<totalLiabilitiesAndEquity> 993356.00 </totalLiabilitiesAndEquity>
<totalRevenues> 12282.00 </totalRevenues>
<costAndExpensesApplToRevenues> 5686.00 </costAndExpensesApplToRevenues>
<depreciationAndAmortization> 22111.00 </depreciationAndAmortization>
<netIncome> -1620270.00 </netIncome>
<earningsPerShareBasic> -1.44 </earningsPerShareBasic>
<earningsPerShareDiluted> -1.44 </earningsPerShareDiluted>
<nameAuditor> Hughes Pittman and Gupton LLP </nameAuditor>
</issuerInfo>
<commonEquity>
<commonEquityClassName> Common Stock </commonEquityClassName>
<outstandingCommonEquity> 1123750 </outstandingCommonEquity>
<commonCusipEquity> N/A </commonCusipEquity>
<publiclyTradedCommonEquity> N/A </publiclyTradedCommonEquity>
</commonEquity>
<preferredEquity>
<preferredEquityClassName> Series Seed </preferredEquityClassName>
<outstandingPreferredEquity> 522784 </outstandingPreferredEquity>
<preferredCusipEquity> N/A </preferredCusipEquity>
<publiclyTradedPreferredEquity> N/A </publiclyTradedPreferredEquity>
</preferredEquity>
<debtSecurities>
<debtSecuritiesClassName> N/A </debtSecuritiesClassName>
<outstandingDebtSecurities> 0 </outstandingDebtSecurities>
<cusipDebtSecurities> N/A </cusipDebtSecurities>
<publiclyTradedDebtSecurities> N/A </publiclyTradedDebtSecurities>
</debtSecurities>
<issuerEligibility>
<certifyIfTrue> true </certifyIfTrue>
</issuerEligibility>
<applicationRule262>
<certifyIfNotDisqualified> true </certifyIfNotDisqualified>
<certifyIfBadActor> false </certifyIfBadActor>
</applicationRule262>
<summaryInfo>
<indicateTier1Tier2Offering> Tier1 </indicateTier1Tier2Offering>
<financialStatementAuditStatus> Audited </financialStatementAuditStatus>
<securitiesOfferedTypes> Debt </securitiesOfferedTypes>
<offerDelayedContinuousFlag> N </offerDelayedContinuousFlag>
<offeringYearFlag> N </offeringYearFlag>
<offeringAfterQualifFlag> N </offeringAfterQualifFlag>
<offeringBestEffortsFlag> Y </offeringBestEffortsFlag>
<solicitationProposedOfferingFlag> N </solicitationProposedOfferingFlag>
<resaleSecuritiesAffiliatesFlag> N </resaleSecuritiesAffiliatesFlag>
<securitiesOffered> 530000 </securitiesOffered>
<outstandingSecurities> 0 </outstandingSecurities>
<pricePerSecurity> 10.00 </pricePerSecurity>
<issuerAggregateOffering> 530000.00 </issuerAggregateOffering>
<securityHolderAggegate> 0.00 </securityHolderAggegate>
<qualificationOfferingAggregate> 0.00 </qualificationOfferingAggregate>
<concurrentOfferingAggregate> 0.00 </concurrentOfferingAggregate>
<totalAggregateOffering> 530000.00 </totalAggregateOffering>
<auditorServiceProviderName> Hughes Pittman & Gupton, LLP </auditorServiceProviderName>
<auditorFees> 25000.00 </auditorFees>
<legalServiceProviderName> Smith Anderson, et al. Robbins Ross, et al. </legalServiceProviderName>
<legalFees> 458000.00 </legalFees>
<blueSkyServiceProviderName> N/A </blueSkyServiceProviderName>
<blueSkyFees> 6000.00 </blueSkyFees>
<clarificationResponses> The response to "Number of securities offered" above represents the aggregate principal amount of Limited Recourse Obligations being offered by the issuer. The Limited Recourse Obligations are limited debt obligations of the issuer. </clarificationResponses>
</summaryInfo>
<juridictionSecuritiesOffered>
<jurisdictionsOfSecOfferedNone> true </jurisdictionsOfSecOfferedNone>
<jurisdictionsOfSecOfferedSame> false </jurisdictionsOfSecOfferedSame>
<issueJuridicationSecuritiesOffering> CA </issueJuridicationSecuritiesOffering>
<issueJuridicationSecuritiesOffering> DC </issueJuridicationSecuritiesOffering>
<issueJuridicationSecuritiesOffering> GA </issueJuridicationSecuritiesOffering>
<issueJuridicationSecuritiesOffering> IL </issueJuridicationSecuritiesOffering>
<issueJuridicationSecuritiesOffering> MD </issueJuridicationSecuritiesOffering>
<issueJuridicationSecuritiesOffering> MA </issueJuridicationSecuritiesOffering>
<issueJuridicationSecuritiesOffering> TX </issueJuridicationSecuritiesOffering>
<issueJuridicationSecuritiesOffering> VA </issueJuridicationSecuritiesOffering>
<issueJuridicationSecuritiesOffering> WA </issueJuridicationSecuritiesOffering>
</juridictionSecuritiesOffered>
<unregisteredSecurities>
<ifUnregsiteredNone> false </ifUnregsiteredNone>
</unregisteredSecurities>
<securitiesIssued>
<securitiesIssuerName> GROUNDFLOOR Inc. </securitiesIssuerName>
<securitiesIssuerTitle> Convertible Promissory Notes </securitiesIssuerTitle>
<securitiesIssuedTotalAmount> 750000 </securitiesIssuedTotalAmount>
<securitiesPrincipalHolderAmount> 0 </securitiesPrincipalHolderAmount>
<securitiesIssuedAggregateAmount> Convertible promissory notes were issued for aggregate principal amount of $750,000. </securitiesIssuedAggregateAmount>
</securitiesIssued>
<securitiesIssued>
<securitiesIssuerName> Groundfloor Finance Inc. </securitiesIssuerName>
<securitiesIssuerTitle> Series Seed Preferred Stock </securitiesIssuerTitle>
<securitiesIssuedTotalAmount> 522784 </securitiesIssuedTotalAmount>
<securitiesPrincipalHolderAmount> 0 </securitiesPrincipalHolderAmount>
<securitiesIssuedAggregateAmount> $2,197,500. Convertible promissory notes with aggregate principal value of $915,000 converted into 276,391 shares of Series Seed Preferred Stock. 246,393 shares were sold at $5.205 per share for aggregate proceeds of approximately $1,282,500. </securitiesIssuedAggregateAmount>
</securitiesIssued>
<unregisteredSecuritiesAct>
<securitiesActExcemption> Rule 506 of Regulation D </securitiesActExcemption>
</unregisteredSecuritiesAct>
</formData>
</edgarSubmission>


74 Subsequent Filings that Reference this Filing

  As Of               Filer                 Filing    For·On·As Docs:Size             Issuer                      Filing Agent

 4/01/24  Groundfloor Finance Inc.          1-K        12/31/23    3:908K                                   Toppan Merrill/FA
 4/01/24  Groundfloor Real Estate 1, LLC    1-K        12/31/23    3:350K                                   Toppan Merrill/FA
 3/05/24  Groundfloor Finance Inc.          1-A POS                3:61M                                    Toppan Merrill/FA
 2/05/24  Groundfloor Finance Inc.          1-A POS                3:59M                                    Toppan Merrill/FA
 1/18/24  Groundfloor Finance Inc.          1-A POS                3:59M                                    Toppan Merrill/FA
 1/09/24  Groundfloor Finance Inc.          1-A POS                3:59M                                    Toppan Merrill/FA
12/12/23  Groundfloor Finance Inc.          1-A POS                3:59M                                    Toppan Merrill/FA
10/16/23  Groundfloor Finance Inc.          1-A POS                4:168M                                   Toppan Merrill/FA
10/10/23  Groundfloor Finance Inc.          1-A POS                4:168M                                   Toppan Merrill/FA
 9/29/23  Groundfloor Finance Inc.          1-A POS                3:168M                                   Toppan Merrill/FA
 9/22/23  Groundfloor Finance Inc.          1-A POS                3:168M                                   Toppan Merrill/FA
 8/30/23  Groundfloor Real Estate 1, LLC    1-SA        6/30/23    1:281K                                   Toppan Merrill/FA
 8/29/23  Groundfloor Finance Inc.          1-SA        6/30/23    1:611K                                   Toppan Merrill/FA
 7/24/23  Groundfloor Real Estate 1, LLC    1-A/A       7/21/23    2:3.3M                                   Toppan Merrill/FA
 5/30/23  Groundfloor Finance Inc.          1-A POS                3:72M                                    Toppan Merrill/FA
 5/26/23  Groundfloor Real Estate 1, LLC    1-A/A                 11:4.1M                                   Toppan Merrill/FA
 3/24/23  Groundfloor Real Estate 1, LLC    1-A                    9:3.8M                                   Toppan Merrill/FA
 3/10/23  Groundfloor Finance Inc.          1-K        12/31/22    3:865K                                   Toppan Merrill/FA
 2/21/23  Groundfloor Finance Inc.          1-A POS                3:114M                                   Toppan Merrill/FA
 2/15/23  Groundfloor Finance Inc.          1-A POS                3:114M                                   Toppan Merrill/FA
11/16/22  Groundfloor Finance Inc.          1-A/A                  4:134M                                   Toppan Merrill/FA
10/04/22  Groundfloor Finance Inc.          1-A                    4:134M                                   Toppan Merrill/FA
 9/28/22  Groundfloor Finance Inc.          1-SA        6/30/22    1:721K                                   Toppan Merrill/FA
 9/28/22  Groundfloor Real Estate 1, LLC    1-SA        6/30/22    1:313K                                   Toppan Merrill/FA
 8/31/22  Groundfloor Finance Inc.          1-A POS                3:127M                                   Toppan Merrill/FA
 6/27/22  Groundfloor Real Estate 1, LLC    1-A POS                3:132M                                   Toppan Merrill/FA
 4/21/22  Groundfloor Finance Inc.          1-A POS                3:148M                                   Toppan Merrill/FA
 3/31/22  Groundfloor Finance Inc.          1-K        12/31/21    3:747K                                   Toppan Merrill/FA
 3/31/22  Groundfloor Real Estate 1, LLC    1-K        12/31/21    3:1M                                     Toppan Merrill/FA
 3/21/22  Groundfloor Real Estate 1, LLC    1-A POS                3:170M                                   Toppan Merrill/FA
 3/21/22  Groundfloor Real Estate 1, LLC    1-A POS                3:233M                                   Toppan Merrill/FA
 3/15/22  Groundfloor Real Estate 1, LLC    1-A POS                3:233M                                   Toppan Merrill/FA
 2/07/22  Groundfloor Real Estate 1, LLC    1-A POS                3:170M                                   Toppan Merrill/FA
10/20/21  Groundfloor Real Estate 1, LLC    1-A POS                3:233M                                   Toppan Merrill/FA
 8/31/21  Groundfloor Finance Inc.          1-SA        6/30/21    1:510K                                   Toppan Merrill/FA
 8/31/21  Groundfloor Real Estate 1, LLC    1-SA        6/30/21    1:287K                                   Toppan Merrill/FA
 6/23/21  Groundfloor Real Estate 1, LLC    1-A POS                4:84M                                    Toppan Merrill/FA
 6/03/21  Groundfloor Finance Inc.          1-A POS                3:42M                                    Toppan Merrill/FA
 5/25/21  Groundfloor Finance Inc.          1-A POS                4:136M                                   Toppan Merrill/FA
 4/29/21  Groundfloor Finance Inc.          1-A POS                3:136M                                   Toppan Merrill/FA
 4/07/21  Groundfloor Finance Inc.          1-A POS                3:68M                                    Toppan Merrill/FA
 3/30/21  Groundfloor Finance Inc.          1-K        12/31/20    3:686K                                   Toppan Merrill/FA
 3/30/21  Groundfloor Real Estate 1, LLC    1-K        12/31/20    3:948K                                   Toppan Merrill/FA
 3/11/21  Groundfloor Finance Inc.          1-A POS                3:36M                                    Toppan Merrill/FA
 3/10/21  Groundfloor Finance Inc.          1-A POS                3:19M                                    Toppan Merrill/FA
 2/17/21  Groundfloor Finance Inc.          1-A POS                3:24M                                    Toppan Merrill/FA
 1/27/21  Groundfloor Finance Inc.          1-A POS                3:29M                                    Toppan Merrill/FA
 1/12/21  Groundfloor Finance Inc.          1-A POS                3:43M                                    Toppan Merrill/FA
 1/08/21  Groundfloor Finance Inc.          1-A POS     1/07/21    3:30M                                    Toppan Merrill/FA
12/29/20  Groundfloor Finance Inc.          1-A POS                3:30M                                    Toppan Merrill/FA
12/21/20  Groundfloor Real Estate 1, LLC    1-A POS                3:86M                                    Toppan Merrill/FA
12/03/20  Groundfloor Real Estate 1, LLC    1-A POS    12/02/20    3:27M                                    Toppan Merrill/FA
11/23/20  Groundfloor Real Estate 1, LLC    1-A POS                3:14M                                    Toppan Merrill/FA
11/12/20  Groundfloor Real Estate 1, LLC    1-A POS                3:33M                                    Toppan Merrill/FA
11/03/20  Groundfloor Real Estate 1, LLC    1-A POS                3:12M                                    Toppan Merrill/FA
10/30/20  Groundfloor Real Estate 1, LLC    1-A POS                3:12M                                    Toppan Merrill/FA
10/27/20  Groundfloor Real Estate 1, LLC    1-A POS                3:8.1M                                   Toppan Merrill/FA
10/27/20  Groundfloor Real Estate 1, LLC    1-A POS                3:7.1M                                   Toppan Merrill/FA
10/14/20  Groundfloor Real Estate 1, LLC    1-A POS                3:14M                                    Toppan Merrill/FA
10/08/20  Groundfloor Real Estate 1, LLC    1-A POS                3:13M                                    Toppan Merrill/FA
10/08/20  Groundfloor Real Estate 1, LLC    1-A POS                3:20M                                    Toppan Merrill/FA
 9/30/20  Groundfloor Real Estate 1, LLC    1-A POS                3:22M                                    Toppan Merrill/FA
 9/25/20  Groundfloor Real Estate 1, LLC    1-A POS                3:25M                                    Toppan Merrill/FA
 9/25/20  Groundfloor Real Estate 1, LLC    1-SA/A      6/30/20    1:225K                                   Toppan Merrill/FA
 9/22/20  Groundfloor Finance Inc.          1-SA        6/30/20    1:588K                                   Toppan Merrill/FA
 9/22/20  Groundfloor Real Estate 1, LLC    1-SA        6/30/20    1:225K                                   Toppan Merrill/FA
 9/22/20  Groundfloor Real Estate 1, LLC    1-A POS     9/21/20    3:12M                                    Toppan Merrill/FA
 9/17/20  Groundfloor Real Estate 1, LLC    1-A POS                3:19M                                    Toppan Merrill/FA
 9/14/20  Groundfloor Real Estate 1, LLC    1-A POS                3:22M                                    Toppan Merrill/FA
 8/31/20  Groundfloor Real Estate 1, LLC    1-A POS                3:20M                                    Toppan Merrill/FA
 8/21/20  Groundfloor Real Estate 1, LLC    1-A POS                3:9.4M                                   Toppan Merrill/FA
 8/14/20  Groundfloor Real Estate 1, LLC    1-A POS                3:12M                                    Toppan Merrill/FA
 8/14/20  Groundfloor Real Estate 1, LLC    1-A POS     8/13/20    4:16M                                    Toppan Merrill/FA
 8/03/20  Groundfloor Real Estate 1, LLC    1-A POS                3:12M                                    Toppan Merrill/FA
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