Offerings / Regulation CF / Reckless Spirits LLC

Reckless Spirits LLC

Regulation Crowdfunding offering on Wefunder · Form C filed March 17, 2026 · Seattle, Washington

Film Financing AgreementEarly revenueLimited Liability Company, WashingtonMedia and entertainmentIndependent feature film production

Reckless Spirits LLC, a Washington limited liability company organized in January 2024, is developing a feature film titled Reckless Spirits, a metaphysical comedy, and has one employee and reported revenue of $130,533.27 for 2025, mainly from Kickstarter and donations. The company is offering up to $124,000 (target $50,000) under a Film Financing Agreement whose payments are tied to film receipts.

Registry notesThe Form C is internally inconsistent on ownership: Item 6 gives Vivian Hua 50% of voting power, while the operating agreement Exhibit A shows 10,000 units (100%) and Item 17 shows 100 units outstanding. The Wefunder deck and outreach materials describe a remaining raise of $106,715 while the Form C states a $50,000 target, and the Form C states the company is currently in production while other materials describe production as slated for February or March 2026.

Profile details below were extracted automatically from the issuer's filing documents. Figures in the financial table come directly from the SEC's structured Form C data.

Offering terms

Security: Film Financing Agreement
Maximum: $124,000.00
Price: $1.00 per unit
Pricing method: Pro-rated portion of the total principal value of $50,000; interests will be sold in increments of $1.
Deadline: April 30, 2027
Oversubscriptions: Accepted
Intermediary: Wefunder Portal LLC
Funding portal, SEC file 007-00033
Intermediary fee: 7.9% 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.
Intermediary equity: No

Financials as filed

Item	Most recent FY	Prior FY
Revenue	$130,533	$0
Cost of goods sold	$0	$0
Net income (loss)	$120,423	$0
Total assets	$121,777	$0
Cash and equivalents	$121,777	$0
Accounts receivable	$0	$0
Short-term debt	$1,353	$0
Long-term debt	$0	$0
Taxes paid	$0	$0

Two fiscal years as reported on the Form C cover sheet. 1 employees. Offered in 56 states.

Use of proceeds

At the $50,000 target: cast and talent fees, crew compensation, production equipment and facilities, travel and lodging, general production costs, and working capital reserves, listed in approximate priority order. At the $124,000 maximum: expanded cast and crew compensation, extended shooting schedule, larger location and equipment costs, post-production (editing, color, sound, music licensing), festival and early marketing or distribution expenses, and additional working capital. The 7.9% Wefunder fee is paid from proceeds at both levels.

Valuation

Not stated as a valuation. Form C states the offering price was determined arbitrarily by the Company, with no outside appraisal. Price is listed as $1.00 per interest, with interests sold in $1 increments as a pro-rated portion of the $50,000 total principal. Financier recoupment is the Financing Amount plus a 10% premium, paid solely from Gross Receipts, and financiers share in 38% of Net Receipts.

Prior raises

Not stated

Financial statements

Not audited or reviewed by an independent CPA. The financial statements are management reports for FY2024 and FY2025, prepared by Catherine Nueva Espana and dated February 23, 2026, and are labeled for management use only.