1-U 1 tv493584_1u.htm FORM 1-U

 

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

 

FORM 1-U

 

CURRENT REPORT

PURSUANT TO REGULATION A OF THE SECURITIES ACT OF 1933

 

Date of Report: May 8, 2018

 

Denim.LA, Inc.

(Exact name of registrant as specified in its charter)

 

Commission File Number: 24R-00032

 

Delaware   46-1942864
(State or other jurisdiction of incorporation or
organization)
  (I.R.S. Employer Identification No.)
     

8899 Beverly Blvd., Suite 600

West Hollywood, CA

 

 

90048

(Address of principal executive offices)   (Zip Code)

 

  (888) 246-7163  
  Registrant’s telephone number, including area code  

 

Series A Preferred Stock

Series A-2 Preferred Stock

 
(Title of each class of securities issued pursuant to Regulation A)

 

 

 

 

 

 

Item 9. Other Events

The company completed a second Regulation A+ financing round on May 4, 2018, which was qualified by the SEC on September 7, 2017 (File number 024-10718). The company was qualified to sell up to 20,000,000 shares of its Series A-2 Preferred Stock in the offering. As of the final close, the company sold 5,932,732 shares at a price of $0.50 per share, resulting in gross proceeds of $2,966,371.

 

The offering was conducted through the SeedInvest online investment portal, and sales were executed through SI Securities, LLC (CRD#: 170937). As a part of this offering, the company also paid $222,678 in sales commissions to SI Securities, LLC, which represents 7.5% of the total amount raised. The company also issued to SI Securities, LLC 296,637 warrants with an exercise price of $0.50, representing 5% of the total shares raised in this round.

 

Professional fees, including legal and accounting services, amounted to approximately $18,000. The resulting net proceeds to the company from the offering is approximately $2,725,893.

 

SIGNATURE

 

Pursuant to the requirements of Regulation A, the issuer has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.

 

Denim.LA, Inc.  
     
By /s/ Kevin Morris  
     
  Kevin Morris, Chief Financial Officer of  
  Denim.LA, Inc.  
  Date:  May 8, 2018