CORAL SPIRITS
OperatingBreakwater Beverage Inc.
Alcohol · Conroe, TX · Founded 2023
Seas the day; treasure the night
Financials
FY2021–FY2022 · from SEC filings · hover any figure for its sourceFigures as reported by the issuer in the filing shown on hover. Each year’s pill shows the assurance level of its filed statements — audited, reviewed (CPA review, less than an audit), or unaudited, as the filing’s own report or certification states it. A dashed pill marked * is inferred instead: the SEC minimum for an offering that size, which the issuer may have exceeded. No pill means we couldn’t tell. Headcount is the filing’s point-in-time count, not a year-end average. Manually corrected figures are marked “Corrected”.
Valuation over rounds
Pre-money — the valuation set before each round’s money came inBlue bars are the pre-money valuation the company stated for a priced round.
Cap table
Principal holders% as the filing states it, Sep 5, 2023
- Owned Cavallo Group LLC54.1%of company
- and Mike Biviano at11.0%of company
- Investments9%of company
Sold to the crowd
- Reg CF · Sep 202352,783 shares at $1.78$94K· 148 investors
From the company's SEC filings: share counts per class, each class's voting and conversion terms, and the holders of 20% or more that Form C requires (officers and 10%+ holders on Form 1-A). Filings name only large holders, so most owners — including crowd investors — are not listed, and a holder's percentage may be of its own class rather than of the whole company. Prices and crowd share counts are in today's share terms — adjusted for splits and conversions since they were sold. Hover a figure for its filing.
Fundraising history
Team
10 people
With more than 12 years of expertise in supply chain management, he spent learning in the oil and gas sector in Nigeria. Marko primary focus is generating profits from collaborating with suppliers nationwide, while managing our multi-state manufacturing co-packers.
Raised in Texas and graduated from Texas A&M B.S. in Geology, she has spent many years in the oil sector. Her passion for creating and executing her vision has been paramount for Coral growth. Her foresight to change and innovation has created the first in its class pouch.
Mike has been actively in alcohol sales since graduating University of Texas San Antonio. He has over 15 years of experience in the alcohol sector. Starting with Republic, then working as regional manager for Patron. Originally from a small town in Ohio, he came to Texas for his love of golf. From there the idea was born; his friend came to him wanting to start their shared passion. Over a drink on the beach, Coral was formed.
Ed Mann has a proven executive management track record and over 40 years of entrepreneurial experience. With over three dozen franchise locations, his strong leadership and keen attention detail play a detrimental role in shaping the foundation of our organization.
Bob Mann has spent his entire career building and leading executive teams, taking on big challenges and delivering successful results. His experience as a Franchisee, consultant and Board of SONIC co-op has provided him with the unique ability to identify business opportunities across disciplines, evaluate improvement options, and recommend systemic solutions. Bob balances a sense of urgency with a pragmatic approach to enhancing operational performance. Bob is a key consultant in providing valuable knowledge into growing the brand.
Russell was a standout swimmer. Graduating from Florida Atlantic he has spent the last 17 years in Texas. He has spent that cultivating relationships in the beverage industry and now manages the sales team in executing Coral growing accounts.
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Names and titles as disclosed on StartEngine, SEC Form C. Bios and photos come from the platform campaign page and may be out of date.
Reg CF annual-report compliance
Filed 0 of 3 annual reports (FY2023–FY2025)
Missing: 2023, 2024, 2025
Reg CF issuers must file a Form C-AR each year until a Rule 202(b) termination trigger is met.
SEC filings
About this data. Figures are compiled from public sources — SEC EDGAR filings (Form C, C-AR, 1-A, 1-K) and funding-platform pages — and may be delayed, incomplete, or restated by the issuer. Financial statements are as reported by the issuer; each year is labeled with its assurance level (audited / reviewed / unaudited). A valuation cap is the conversion ceiling of a SAFE or convertible note, not an agreed company valuation; post-money figures are computed as pre-money plus amount raised and are not a traded price. Crowdonomics is not a broker-dealer, funding portal, or investment adviser; nothing here is investment advice or an offer to sell securities. Verify all figures against the linked EDGAR filings.