Sunn Musical Equipment Corp

Sunn Musical Equipment Corp

Early Stage

Relaunching an iconic musical instrument brand

Relaunching an iconic musical instrument brand

Overview

Raised to Date: Raised: $92,179

Total Commitments ($USD)

Platform

Wefunder

Start Date

02/25/2024

Close Date

04/28/2024

Min. Goal
$50,000
Max. Goal
$1,250,000
Min. Investment

$100

Security Type

Equity - Preferred

Series

Pre-Seed

SEC Filing Type

RegCF    Open SEC Filing

Price Per Share

$10.00

Early Bird Valuation

$9,540,000

Pre-Money Valuation

$10,600,000

Rolling Commitments ($USD)

Status

Active

Reporting Date

04/15/2024

Days Remaining

13

% of Min. Goal

184%

% of Max. Goal

7%

Likelihood of Max
unlikely
Avg. Daily Raise

$1,844

# of Investors

232

Momentum
cold.svg
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Year Founded

2023

Industry

Consumer Products, Goods & Services

Tech Sector

Hardwaretech

Distribution Model

B2C

Margin

Medium

Capital Intensity

High

Location

Petaluma, California

Business Type

Growth

Sunn Music Equipment Corp, with a valuation of $10.6 million, is raising funds on Wefunder. The company is relaunching an iconic musical instrument brand. Sunn Music Equipment brand led innovation in the ‘60s and ‘70s and was used by artists like Jimi Hendrix, Led Zeppelin, Nirvana, and The Rolling Stones. It is now being relaunched by a group of music and electronics industry executives. The business already has a great response and has presold over $50,000 in the first two weeks of announcing its first product available for sale. James Lebihan, Michael Eldred, Sviatoslav Semenikhin, Darius Mostowfi, and Steven Skillings founded Sunn Music Equipment Corp in May 2023. The current crowdfunding campaign has a minimum target of $50,000 and a maximum target of $1.3 million. The campaign proceeds will be used for purchasing inventory for sale, research and development, marketing, and cost of sales.

Summary Profit and Loss Statement

Most Recent Year Prior Year

Revenue

$0

$0

COGS

$0

$0

Tax

$0

$0

 

 

Net Income

$0

$0

Summary Balance Sheet

Most Recent Year Prior Year

Cash

$0

$0

Accounts Receivable

$0

$0

Total Assets

$0

$0

Short-Term Debt

$0

$0

Long-Term Debt

$0

$0

Total Liabilities

$0

$0

Financials as of: 02/25/2024
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Sunn Music Equipment Corp on Wefunder 2024
Platform: Wefunder
Security Type: Equity - Preferred
Valuation: $10,600,000
Price per Share: $10.00

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