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MISGUIDED SPIRITS

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Misguided Spirits, Inc.

Alcohol · Des Plaines, IL · Founded 2023

House spirits with an edge

Post-money valuation ⓘ
$20.1M
As of Dec 2024 · from Reg CF Offering (2024) · pre-money + amount raised, not a traded price
Total raised
$612,165
Crowd $140K · Private $472K · 2 rounds since 2023
Latest share price
$10.00
Reg CF · Common Stock · Dec 2024 offering price

Financials

FY2022–FY2025 · from SEC filings · hover any figure for its source
$1.4M
−$959K
2022
$2.0M
−$1.4M
2023
$1.8M
−$1.4M
2024
$2.3M
−$501K
2025
RevenueNet income — beside revenue when positive, below the line when a loss
Metric
FY2022 reviewed
FY2023 reviewed
FY2024 unaudited
FY2025
Income statement
Revenue
$1,382,168
$2,024,819
$1,819,617
$2,325,936
Cost of goods sold
$1,238,896
$1,273,233
$1,168,102
$1,253,408
Gross margin
10%
37%
36%
46%
Net income
-$959,437
-$1,398,731
-$1,361,492
-$501,380
Taxes paid
$0
$0
$0
$0
Balance sheet
Cash
$50,340
$1,080,660
$624
$239,594
Accounts receivable
$51,556
$258,622
$0
$155,424
Total assets
$623,426
$1,883,333
$904,442
$1,141,356
Short-term debt
$896,117
$1,837,643
$1,956,235
$964,256
Long-term debt
$753,680
$1,470,867
$0
$1,465,804
Total liabilities
$1,649,797
$3,308,510
$1,956,235
$2,430,060
Other
Headcount
—
12
12
10

Figures 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 in
$20.0M
pre-money
Reg CF · Common · Dec 2024

Blue bars are the pre-money valuation the company stated for a priced round.

Cap table

Share counts as of Jun 25, 2026
Common Stock · 67.0%Class B Common Stock · 33.0%
ClassOutstandingVotes / shareShare of totalLast price
Common Stock975,000167.0%—
Class B Common Stock480,000—33.0%—
Total1,455,000100%

Principal holders% as the filing states it, Jun 25, 2026

  • Chad Wodskow730,800 Common Stock31.9%of company
  • James Zinkland700,000 Common Stock30.6%of company
  • Everyone else (not named in filings)37.5%

Sold to the crowd

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

Raised $140.2K / $1.2MInvestors 109Post-money $20.1M
Raised $472KInvestors 8

Team

2 people
James ZinkandFounder
Co Founder, Secretary, Board Member

New York Hospitality Veteran with experience in running and operating various New York City hotspots including Eataly, Lafayette, and Zerospace. Created Misguided Spirits out of the need to see a more equitable approach to how spirits were sold and marketed in accounts. One should not have to compromise quality to get a house pour affordable for both the consumer and the bar.

Chad Wodskow
CEO, President, Principal Accounting Officer, Board Member

A Brand Marketing Professional with +20 years leading Global Brands, Chad has worked on iconic brands throughout his career across many countries. Misguided Spirits began as a passion project to validate a more sustainable approach to building Global Brands.

Names and titles as disclosed on SEC Form C, StartEngine. Bios and photos come from the platform campaign page and may be out of date.

Reg CF annual-report compliance

Not requiredFewer than 300 holders of record

Filed 2 of 2 annual reports (FY2024–FY2025)

109 investors
holder-count proxy

Reg CF issuers must file a Form C-AR each year until a Rule 202(b) termination trigger is met.

SEC filings

  • Form C-ARJun 25, 20260001986390-26-000006
    EDGAR
  • Form C-UMay 12, 20250001665160-25-001064
    EDGAR
  • Form C-ARMay 2, 20250001665160-25-000985
    EDGAR
  • Form C/AFeb 24, 20250001665160-25-000311
    EDGAR
  • Form C-UJan 17, 20250001665160-25-000084
    EDGAR
  • Form CNov 25, 20240001665160-24-001705
    EDGAR
  • Form DAug 21, 20230001986390-23-000001
    EDGAR
Source: ManualCIK 0001986390DEShare price $10.00

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.