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THORN SPIRITS LLC

Operating

San Diego, CA

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Valuation cap ⓘ
$9.0M
As of Jul 2026 · from Reg CF Offering (2026) · a SAFE/note conversion ceiling, not a priced valuation
Total raised
$63,500
Across 1 round since 2026

Financials

FY2024–FY2025 · from SEC filings · hover any figure for its source
$211K
−$168K
2024
$336K
−$34K
2025
RevenueNet income — beside revenue when positive, below the line when a loss
Metric
FY2024
FY2025
Income statement
Revenue
$210,835
$335,696
Cost of goods sold
$66,730
$73,213
Gross margin
68%
78%
Net income
-$168,009
-$33,586
Taxes paid
$0
$0
Balance sheet
Cash
$48,545
$20,903
Accounts receivable
$5,761
$3,238
Total assets
$115,707
$85,944
Short-term debt
$5,165
$24,290
Long-term debt
$0
$0
Total liabilities
$5,165
$24,290
Other
Headcount
—
2

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; no pill means the filing didn’t state one. Headcount is the filing’s point-in-time count, not a year-end average. Manually corrected figures are marked “Corrected”.

Valuation over rounds

Post-money = pre-money + amount raised · caps marked
$9.0M
Valuation cap
Reg CF Offering (2026)

A dashed amber step is a SAFE/note valuation cap — a conversion ceiling agreed for that instrument, not a priced valuation of the company. Steps are not comparable across bases.

Fundraising history

Reg CF Offering (2026)OpenReg CF · SAFE · via WeFunder
Raised $63.5K / $124KInvestors 68Valuation cap $9M

Team

7 people
Daniel O'Connor
CEO

Daniel brings with him over 30 years of sales and marketing experience. Has a passion for all things San Diego.

Dennis OConnor
Founder

A San Diego native and founder of Thorn Brewing Co. and ReBru Spirits, has leveraged his craft beverage expertise to launch Longball, delivering premium, ready-to-drink quality with a focus on simplicity, consistency, and strong brand execution.

Caroline Wilhelm
Director of Operations

East Coast raised, San Diego transplant. Hospitality and design background, now hands-on building Longball – creative, operations, and brand experience.

David Kizer
VP Sales

Beverage and CPG growth leader with 30 years of experience scaling brands and distribution. As Co-Partner at Betr Brands Solutions, he drives go-to-market strategy, commercialization, and retail expansion across beverage categories.

Donovan Dresti
VP Marketing

Fractional CMO and growth-focused marketing leader. A former pro action sports athlete blending creativity, data, and partnerships. Ex-Red Bull; led roles at Street League, Nitro Circus, and Betr, scaling top beverage brands.

Jeff Santoro
Tina Mickelson

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

Reg CF annual-report compliance

Not obligated

never closed a Reg CF raise

68 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 CJul 1, 20260002133096-26-000001
    EDGAR
Source: SEC EDGARCIK 0002133096CALast synced Aug 17, 2026

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.