United States Securities and Exchange Commission · EDGAR Accession 0001920292-25-000005

Form C

Offering Statement — Regulation Crowdfunding
Issuer CIK 1920292
Raising via Wefunder Portal LLC

Swell Watercraft LLC

Limited Liability CompanyIAIncorporated 2016ELLSWORTH, IAswellwatercraft.com
A

The Offering

as disclosed in this filing
Other (Simple Agreement for Future Equity (SAFE))
$1.00
$50,000
$124,000
April 30, 2026
Expired 45 days ago
$0max $124,000

Target is 40% of the maximum. Over-subscriptions accepted.

B

Financial Condition

two fiscal years, as filed
Revenue +324% YoYBurn increasingDebt / assets 188%1 employee
Line itemMost recent FYPrior FYΔ
Revenue406,92095,947▲ 324%
Cost of goods sold395,16035,334
Net income(75,684)(40,337)▼ burn
Total assets261,467185,118▲ 41%
Cash & equivalents60,7810
Accounts receivable69,91469,249▲ 1%
Short-term debt33,94764,926▼ 48%
Long-term debt456,530273,517▲ 67%
Taxes paid188238▼ 21%

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