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Fan Owned Club, Inc. – ‘C/A’ on 4/11/22

On:  Monday, 4/11/22, at 7:44pm ET   ·   As of:  4/12/22   ·   Accession #:  1670254-22-322   ·   File #:  20-26307

Previous ‘C’:  ‘C/A’ on 12/22/21   ·   Next:  ‘C’ on 9/18/23   ·   Latest:  ‘C/A’ on 12/11/23

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

 4/12/22  Fan Owned Club, Inc.              C/A         4/11/22   13:70M                                    Wefunder Portal LLC

Amendment to Offering Statement   —   Form C   —   Regulation Crowdfunding

Filing Table of Contents

Document/Exhibit                   Description                      Pages   Size 

 1: C/A         Amendment to Offering Statement -- primary_doc.xml  HTML      5K 
13: EX-99       Miscellaneous Exhibit                               HTML      5K 
 2: EX-99       Miscellaneous Exhibit -- document_1                  PDF   7.95M 
11: EX-99       Miscellaneous Exhibit -- document_10                 PDF   2.15M 
12: EX-99       Miscellaneous Exhibit -- document_11                 PDF    235K 
 3: EX-99       Miscellaneous Exhibit -- document_2                  PDF   2.36M 
 4: EX-99       Miscellaneous Exhibit -- document_3                  PDF  19.38M 
 5: EX-99       Miscellaneous Exhibit -- document_4                  PDF  10.91M 
 6: EX-99       Miscellaneous Exhibit -- document_5                  PDF   8.00M 
 7: EX-99       Miscellaneous Exhibit -- document_6                  PDF    660K 
 8: EX-99       Miscellaneous Exhibit -- document_7                  PDF   1.62M 
 9: EX-99       Miscellaneous Exhibit -- document_8                  PDF    207K 
10: EX-99       Miscellaneous Exhibit -- document_9                  PDF    709K

‘C/A’   —   Amendment to Offering Statement — primary_doc.xml



        

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

  Form C    –   Plain Text   –  SEC Website  –  EDGAR System  –    XML Data    –  <?xml?> File
 
 
XML Data rendering:  Amendment to Offering Statement
 
                                                                                                                                                                                
<?xml version="1.0" encoding="windows-1252"?>
<edgarSubmission xmlns="http://www.sec.gov/edgar/formc" xmlns:com="http://www.sec.gov/edgar/common">
<headerData>
<submissionType> C/A </submissionType>
<filerInfo>
<filer>
<filerCredentials>
<filerCik> 0001790587 </filerCik>
<filerCcc> XXXXXXXX </filerCcc>
</filerCredentials>
<fileNumber> 020-26307 </fileNumber>
</filer>
<liveTestFlag> LIVE </liveTestFlag>
<flags>
<confirmingCopyFlag> false </confirmingCopyFlag>
<returnCopyFlag> false </returnCopyFlag>
<overrideInternetFlag> true </overrideInternetFlag>
</flags>
</filerInfo>
</headerData>
<formData>
<issuerInformation>
<isAmendment> true </isAmendment>
<natureOfAmendment> Adding 2021 financials and extending the offering deadline. </natureOfAmendment>
<issuerInfo>
<nameOfIssuer> Fan Owned Club, Inc. </nameOfIssuer>
<legalStatus>
<legalStatusForm> Corporation </legalStatusForm>
<legalStatusOtherDesc/>
<jurisdictionOrganization> DE </jurisdictionOrganization>
<dateIncorporation> 03-06-2019 </dateIncorporation>
</legalStatus>
<issuerAddress>
<com:street1> 4100B Wyoming Avenue </com:street1>
<com:city> Nashville </com:city>
<com:stateOrCountry> TN </com:stateOrCountry>
<com:zipCode> 37209 </com:zipCode>
</issuerAddress>
<issuerWebsite> https://www.fanownedclub.com/ </issuerWebsite>
</issuerInfo>
<isCoIssuer> Y </isCoIssuer>
<coIssuers>
<coIssuerInfo>
<nameOfCoIssuer> Fan Owned Club I, a series of Wefunder SPV, LLC </nameOfCoIssuer>
<coIssuerLegalStatus>
<legalStatusForm> Limited Liability Company </legalStatusForm>
<legalStatusOtherDesc/>
<jurisdictionOrganization> DE </jurisdictionOrganization>
<dateIncorporation> 12-16-2021 </dateIncorporation>
</coIssuerLegalStatus>
<coIssuerAddress>
<com:street1> 4104 24TH ST </com:street1>
<com:street2> PMB 8113 </com:street2>
<com:city> San Francisco </com:city>
<com:stateOrCountry> CA </com:stateOrCountry>
<com:zipCode> 94114 </com:zipCode>
</coIssuerAddress>
<coIssuerWebsite> https://wefunder.com/ </coIssuerWebsite>
</coIssuerInfo>
</coIssuers>
<companyName> Wefunder Portal LLC </companyName>
<commissionCik> 0001670254 </commissionCik>
<commissionFileNumber> 007-00033 </commissionFileNumber>
<crdNumber> 283503 </crdNumber>
</issuerInformation>
<offeringInformation>
<compensationAmount> 7.5% of the offering amount upon a successful fundraise, and be entitled to reimbursement for out-of-pocket third party expenses it pays or incurs on behalf of the Issuer in connection with the offering. </compensationAmount>
<financialInterest> No </financialInterest>
<securityOfferedType> Common Stock </securityOfferedType>
<securityOfferedOtherDesc/>
<noOfSecurityOffered> 5000 </noOfSecurityOffered>
<price> 10.00000 </price>
<priceDeterminationMethod> Dividing pre-money valuation $28,127,250.00 by number of shares outstanding on a fully diluted basis. </priceDeterminationMethod>
<offeringAmount> 50000.00 </offeringAmount>
<overSubscriptionAccepted> Y </overSubscriptionAccepted>
<overSubscriptionAllocationType> Other </overSubscriptionAllocationType>
<descOverSubscription> As determined by the issuer </descOverSubscription>
<maximumOfferingAmount> 711800.00 </maximumOfferingAmount>
<deadlineDate> 04-30-2023 </deadlineDate>
</offeringInformation>
<annualReportDisclosureRequirements>
<currentEmployees> 7 </currentEmployees>
<totalAssetMostRecentFiscalYear> 2023393.00 </totalAssetMostRecentFiscalYear>
<totalAssetPriorFiscalYear> 1937126.00 </totalAssetPriorFiscalYear>
<cashEquiMostRecentFiscalYear> 30432.00 </cashEquiMostRecentFiscalYear>
<cashEquiPriorFiscalYear> 6681.00 </cashEquiPriorFiscalYear>
<actReceivedMostRecentFiscalYear> 0.00 </actReceivedMostRecentFiscalYear>
<actReceivedPriorFiscalYear> 0.00 </actReceivedPriorFiscalYear>
<shortTermDebtMostRecentFiscalYear> 660350.00 </shortTermDebtMostRecentFiscalYear>
<shortTermDebtPriorFiscalYear> 654848.00 </shortTermDebtPriorFiscalYear>
<longTermDebtMostRecentFiscalYear> 250000.00 </longTermDebtMostRecentFiscalYear>
<longTermDebtPriorFiscalYear> 50000.00 </longTermDebtPriorFiscalYear>
<revenueMostRecentFiscalYear> 0.00 </revenueMostRecentFiscalYear>
<revenuePriorFiscalYear> 11112.00 </revenuePriorFiscalYear>
<costGoodsSoldMostRecentFiscalYear> 14468.00 </costGoodsSoldMostRecentFiscalYear>
<costGoodsSoldPriorFiscalYear> 6685.00 </costGoodsSoldPriorFiscalYear>
<taxPaidMostRecentFiscalYear> 0.00 </taxPaidMostRecentFiscalYear>
<taxPaidPriorFiscalYear> 0.00 </taxPaidPriorFiscalYear>
<netIncomeMostRecentFiscalYear> -260614.00 </netIncomeMostRecentFiscalYear>
<netIncomePriorFiscalYear> -510930.00 </netIncomePriorFiscalYear>
<issueJurisdictionSecuritiesOffering> AL </issueJurisdictionSecuritiesOffering>
<issueJurisdictionSecuritiesOffering> AK </issueJurisdictionSecuritiesOffering>
<issueJurisdictionSecuritiesOffering> AZ </issueJurisdictionSecuritiesOffering>
<issueJurisdictionSecuritiesOffering> AR </issueJurisdictionSecuritiesOffering>
<issueJurisdictionSecuritiesOffering> CA </issueJurisdictionSecuritiesOffering>
<issueJurisdictionSecuritiesOffering> CO </issueJurisdictionSecuritiesOffering>
<issueJurisdictionSecuritiesOffering> CT </issueJurisdictionSecuritiesOffering>
<issueJurisdictionSecuritiesOffering> DE </issueJurisdictionSecuritiesOffering>
<issueJurisdictionSecuritiesOffering> DC </issueJurisdictionSecuritiesOffering>
<issueJurisdictionSecuritiesOffering> FL </issueJurisdictionSecuritiesOffering>
<issueJurisdictionSecuritiesOffering> GA </issueJurisdictionSecuritiesOffering>
<issueJurisdictionSecuritiesOffering> HI </issueJurisdictionSecuritiesOffering>
<issueJurisdictionSecuritiesOffering> ID </issueJurisdictionSecuritiesOffering>
<issueJurisdictionSecuritiesOffering> IL </issueJurisdictionSecuritiesOffering>
<issueJurisdictionSecuritiesOffering> IN </issueJurisdictionSecuritiesOffering>
<issueJurisdictionSecuritiesOffering> IA </issueJurisdictionSecuritiesOffering>
<issueJurisdictionSecuritiesOffering> KS </issueJurisdictionSecuritiesOffering>
<issueJurisdictionSecuritiesOffering> KY </issueJurisdictionSecuritiesOffering>
<issueJurisdictionSecuritiesOffering> LA </issueJurisdictionSecuritiesOffering>
<issueJurisdictionSecuritiesOffering> ME </issueJurisdictionSecuritiesOffering>
<issueJurisdictionSecuritiesOffering> MD </issueJurisdictionSecuritiesOffering>
<issueJurisdictionSecuritiesOffering> MA </issueJurisdictionSecuritiesOffering>
<issueJurisdictionSecuritiesOffering> MI </issueJurisdictionSecuritiesOffering>
<issueJurisdictionSecuritiesOffering> MN </issueJurisdictionSecuritiesOffering>
<issueJurisdictionSecuritiesOffering> MS </issueJurisdictionSecuritiesOffering>
<issueJurisdictionSecuritiesOffering> MO </issueJurisdictionSecuritiesOffering>
<issueJurisdictionSecuritiesOffering> MT </issueJurisdictionSecuritiesOffering>
<issueJurisdictionSecuritiesOffering> NE </issueJurisdictionSecuritiesOffering>
<issueJurisdictionSecuritiesOffering> NV </issueJurisdictionSecuritiesOffering>
<issueJurisdictionSecuritiesOffering> NH </issueJurisdictionSecuritiesOffering>
<issueJurisdictionSecuritiesOffering> NJ </issueJurisdictionSecuritiesOffering>
<issueJurisdictionSecuritiesOffering> NM </issueJurisdictionSecuritiesOffering>
<issueJurisdictionSecuritiesOffering> NY </issueJurisdictionSecuritiesOffering>
<issueJurisdictionSecuritiesOffering> NC </issueJurisdictionSecuritiesOffering>
<issueJurisdictionSecuritiesOffering> ND </issueJurisdictionSecuritiesOffering>
<issueJurisdictionSecuritiesOffering> OH </issueJurisdictionSecuritiesOffering>
<issueJurisdictionSecuritiesOffering> OK </issueJurisdictionSecuritiesOffering>
<issueJurisdictionSecuritiesOffering> OR </issueJurisdictionSecuritiesOffering>
<issueJurisdictionSecuritiesOffering> PA </issueJurisdictionSecuritiesOffering>
<issueJurisdictionSecuritiesOffering> RI </issueJurisdictionSecuritiesOffering>
<issueJurisdictionSecuritiesOffering> SC </issueJurisdictionSecuritiesOffering>
<issueJurisdictionSecuritiesOffering> SD </issueJurisdictionSecuritiesOffering>
<issueJurisdictionSecuritiesOffering> TN </issueJurisdictionSecuritiesOffering>
<issueJurisdictionSecuritiesOffering> TX </issueJurisdictionSecuritiesOffering>
<issueJurisdictionSecuritiesOffering> UT </issueJurisdictionSecuritiesOffering>
<issueJurisdictionSecuritiesOffering> VT </issueJurisdictionSecuritiesOffering>
<issueJurisdictionSecuritiesOffering> VA </issueJurisdictionSecuritiesOffering>
<issueJurisdictionSecuritiesOffering> WA </issueJurisdictionSecuritiesOffering>
<issueJurisdictionSecuritiesOffering> WV </issueJurisdictionSecuritiesOffering>
<issueJurisdictionSecuritiesOffering> WI </issueJurisdictionSecuritiesOffering>
<issueJurisdictionSecuritiesOffering> WY </issueJurisdictionSecuritiesOffering>
<issueJurisdictionSecuritiesOffering> B5 </issueJurisdictionSecuritiesOffering>
<issueJurisdictionSecuritiesOffering> GU </issueJurisdictionSecuritiesOffering>
<issueJurisdictionSecuritiesOffering> PR </issueJurisdictionSecuritiesOffering>
<issueJurisdictionSecuritiesOffering> VI </issueJurisdictionSecuritiesOffering>
<issueJurisdictionSecuritiesOffering> 1V </issueJurisdictionSecuritiesOffering>
</annualReportDisclosureRequirements>
<signatureInfo>
<issuerSignature>
<issuer> Fan Owned Club, Inc. </issuer>
<issuerSignature> Steve Paris </issuerSignature>
<issuerTitle> Founder </issuerTitle>
</issuerSignature>
<signaturePersons>
<signaturePerson>
<personSignature> Kenneth E Neal </personSignature>
<personTitle> Co-Managing Director </personTitle>
<signatureDate> 03-16-2022 </signatureDate>
</signaturePerson>
<signaturePerson>
<personSignature> David Crouch </personSignature>
<personTitle> Advisor </personTitle>
<signatureDate> 03-16-2022 </signatureDate>
</signaturePerson>
<signaturePerson>
<personSignature> Steve Paris </personSignature>
<personTitle> Founder </personTitle>
<signatureDate> 03-16-2022 </signatureDate>
</signaturePerson>
</signaturePersons>
</signatureInfo>
</formData>
</edgarSubmission>


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