United States Securities and Exchange Commission · EDGAR Accession 0001720264-25-000004

Form C-U

Offering Progress Update — Regulation Crowdfunding
Campaign file 020-35414
Issuer CIK 1720264
Raising via StartEngine Primary, LLC

Kuleana Spirits, Inc.

CorporationDEIncorporated 2017KAMUELA, HIkuleanarum.com
Progress updateAt the close of the offering, the issuer closed on $700,957.90 and 1,245,194 number of securities.
A

The Offering

as disclosed in this filing
Other (Series C Preferred Stock)
$0.59
$15,000
$3,142,816
November 20, 2025
Expired 206 days ago
$0max $3,142,816

Target is 0% of the maximum. Over-subscriptions accepted.

B

Financial Condition

two fiscal years, as filed
Revenue +13% YoYBurn increasingDebt / assets 50%50 employees
Line itemMost recent FYPrior FYΔ
Revenue3,714,4513,277,516▲ 13%
Cost of goods sold1,745,9841,445,124▲ 21%
Net income(2,570,437)(2,288,038)▼ burn
Total assets7,696,1837,807,281▼ 1%
Cash & equivalents222,279244,737▼ 9%
Accounts receivable285,399161,777▲ 76%
Short-term debt897,698646,712▲ 39%
Long-term debt2,927,6134,573,234▼ 36%
Taxes paid00

Figures in USD as reported by the issuer. Securities offered in all 50 states.

C

Campaign Timeline

file 020-35414 · all filings under this campaign
Loading campaign history…