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THREE OF STRONG SPIRITS

Operating

Three of Strong Inc.

Alcohol · Portland, ME · Founded 2018

Crafting award-winning spirits with a focus on quality, sustainability, and fun

Post-money valuation ⓘ
$5.2M
As of Oct 2024 · from Reg CF Offering (2024) · pre-money + amount raised, not a traded price
Total raised
$2,922,146
Crowd $172K · Private $2.8M · 2 rounds since 2024
Latest share price
$0.37
Reg CF · Common Stock · Oct 2024 offering price

Financials

FY2022–FY2025 · from SEC filings · hover any figure for its source
$414K
−$788K
2022
$565K
−$698K
2023
$0
2024
$0
2025
RevenueNet income — beside revenue when positive, below the line when a loss
Metric
FY2022 reviewed
FY2023 reviewed
FY2024 unaudited
FY2025 unaudited
Income statement
Revenue
$413,635
$565,076
$0
$0
Cost of goods sold
-$182,544
$256,382
$0
$0
Gross margin
56%
55%
—
—
Net income
-$787,773
-$698,169
$0
$0
Taxes paid
$0
$0
$0
$0
Balance sheet
Cash
$86,971
$218,263
$0
$0
Accounts receivable
$9,899
$8,853
$0
$0
Total assets
$1,643,432
$1,357,299
$0
$0
Short-term debt
$819
$733,359
$0
$0
Long-term debt
$48,718
$146,424
$0
$0
Total liabilities
$49,537
$879,783
$0
$0
Other
Headcount
—
14
14
7

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
$5.0M
pre-money
Reg CF · Common · Oct 2024

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

Share price over rounds

$0.37$0.185$0.1708
Oct 2024Oct 2024
Round offering price or verified disclosed saleDisclosed sale, unverified or year-only

Disclosed sales come from the issuer's own filings (prior-offering lines, audited-statement notes) and are amount ÷ securities sold. A down round is a firm point more than 25 % below the previous firm point of the same share class on a comparable basis; the comparison ignores unverified and year-only lines.

Cap table

Share counts as of Apr 3, 2026
Preferred Stock · 49.4%Common Stock · 50.6%
ClassOutstandingVotes / shareShare of totalLast price
Preferred Stockpreferred8,395,832149.4%$0.37Oct 2024
Common Stock8,616,138150.6%—
Total17,011,970100%

Principal holders% as the filing states it, Apr 3, 2026

  • Samuel Pierce4,133,333 Preferred Stock49.2%of Preferred
  • May H. Pierce Trust - 20003,333,333 Preferred Stock39.7%of Preferred
  • Samuel Pierce3,040,904 Common Stock38.0%of

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 $172.1K / $1.2MInvestors 77Post-money $5.2M

Team

4 people
David Bruce McConnellFounder
Co-CEO, Director of Sales and Marketing, Secretary

My primary roles at the Company are Director of Sales & Marketing and General Counsel. After being compensated through guaranteed minimums while operating the business as an LLC, the founders commenced as salaried employees in October 2024.

Samuel PierceFounder
Co-CEO, COO, Director

Co-Founder with Dave McConnell. Primarily functions as the Chief Operating Officer of the Company with oversight of Finance, Tasting Room Operations and Distillery Production

David McConnell
Co-CEO
Sam Pierce
Co-CEO, COO, Director, Principal Financial Officer

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

Not requiredFewer than 300 holders of record

Filed 2 of 2 annual reports (FY2024–FY2025)

77 investors
holder-count proxy

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

  • Form C-ARApr 3, 20260002041067-26-000003
    EDGAR
  • Form D/AOct 8, 20250002041067-25-000004
    EDGAR
  • Form C-ARApr 15, 20250001665160-25-000669
    EDGAR
  • Form C-UMar 4, 20250001665160-25-000370
    EDGAR
  • Form C-UDec 5, 20240001665160-24-001763
    EDGAR
  • Form C/ANov 29, 20240001665160-24-001730
    EDGAR
  • Form C-UNov 25, 20240001665160-24-001712
    EDGAR
  • Form COct 24, 20240001665160-24-001466
    EDGAR
Source: ManualCIK 0002041067DEShare price $0.37

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.