Bennu Properties LLC
View this filing on EDGAR (filing index, accession 0002156325-26-000001) | All Form C filings by this company on EDGAR
Filing details
| Company | Bennu Properties LLC | (Form C, issuer information) |
|---|---|---|
| State | TX | (Form C, issuer information) |
| Platform | ANDES CAPITAL GROUP, LLC | (Form C, issuer information) |
| Filing date | 2026-10-01 | (EDGAR filing index) |
| Date of incorporation | 2016-11-11 | (Form C, issuer information) |
| Employees | 0 | (Form C, issuer information) |
| Security offered | Debt | (Form C, offering information) |
| Price per security | not reported | (Form C, offering information) |
| Target amount | $50,000 | (Form C, offering information) |
| Maximum ask | $5,000,000 | (Form C, offering information) |
| Offering deadline | 2027-09-30 | (Form C, offering information) |
| Platform compensation | The Intermediary received an Expense Fee of $3,000 to cover due diligence and other expenses anticipated to be incurred by the Intermediary. At the conclusion of the Offering, the Issuer shall pay a fee of 3% of the amount raised to the Intermediary. | (Form C, offering information) |
Financial summary
Figures are as entered by the company in the financial summary on the cover of its Form C. They are self-reported and unaudited, and they are not taken from the financial statements filed as exhibits to the Form C, which we do not read mechanically.
| Item | Most recent fiscal year | Prior fiscal year | Source |
|---|---|---|---|
| Revenue | $0 | $0 | (Form C, financial summary) |
| Cost of goods sold | $0 | $0 | (Form C, financial summary) |
| Net income | -$42,969 | -$23,335 | (Form C, financial summary) |
| Taxes paid | $0 | $0 | (Form C, financial summary) |
| Cash and equivalents | $1,119 | $2,371 | (Form C, financial summary) |
| Accounts receivable | $0 | $0 | (Form C, financial summary) |
| Total assets | $322,123 | $319,375 | (Form C, financial summary) |
| Short-term debt | $0 | $0 | (Form C, financial summary) |
| Long-term debt | $577,242 | $531,525 | (Form C, financial summary) |
Mechanical checks that fired
- Going-concern language. Going-concern language appears in this offering's own Form C filing or in an amendment to it, in a sentence that states it rather than ruling it out. The quoted sentence is below. Read the auditor or accountant notes in the filing for the full context. Found in: 0002156325-26-000001.
"Substantial Doubt About the Company’s Ability to Continue as a Going Concern The accompanying financial statements have been prepared assuming that the Company will continue as a going concern."
"Substantial Doubt About the Company’s Ability to Continue as a Going Concern The accompanying financial statements have been prepared assuming that the Company will continue as a going concern."
- Related-party language. Related-party language appears in this offering's own Form C filing or in an amendment to it, in a sentence that states it rather than ruling it out. The phrase can describe routine or unusual arrangements, so read the quoted sentence and the filing. Found in: 0002156325-26-000001.
"BENNU PROPERTIES, LLC PAGE | 31 Our ability to service the new debt Notes may be impaired by the financial obligations of our pre-existing related-party debt."
"BENNU PROPERTIES, LLC PAGE | 38 The Company may engage in transactions with affiliates, subsidiaries or other related parties, which may be on terms which are not arm’s-length but will be in all cases consistent with the duties of the management of the Company to its unitholders or its noteholders (if any, with respect to the noteholders)."
- Net loss in both years. Net income is negative in both fiscal years reported in the Form C financial summary.
- Cash below one year of losses. Net loss for the most recent fiscal year is larger than year-end cash, both as reported in the Form C financial summary.
- No revenue. Revenue for the most recent fiscal year is $0 in the Form C financial summary.
- Debt above assets. Short-term plus long-term debt is larger than total assets in the Form C financial summary.
- Maximum ask above 10x revenue. The maximum offering amount is more than 10 times the most recent fiscal year revenue (or revenue is $0), per the Form C.
A check means "read this part of the filing closely." It is not a judgment about how the company will do.
Want the weekly briefing? Subscribe free.