The Grilled Cheese Truck, Inc. announced a private placement on best efforts basis of up to 4,000,000 units at $1.25 per share for gross proceeds of up to $5,000,000 on October 8, 2013. Each unit consists of one common share and one warrant. Each warrant entitles the holder to purchase one common share of the company at $2.50 per share until October 31, 2016. The company may increase the transaction size up to an additional of $750,000. There is no minimum amount that must be raised prior to closing. The terms of the transaction, as amended, provide that the transaction will terminate on the earlier of the sale of the maximum offering amount or February 28, 2014, unless extended by the company for an additional three thirty day periods. The company will issue securities pursuant to exemption provided under Regulation D.

On December 20, 2013, the company announced that it has amended the terms of the transaction. The company will now receive $5,750,000 in funding. The company will pay sales commission of $575,000 and finder's fees of $11,500. I-Bankers Securities, Inc. and MARV Capital will act as placement agents to the company in the transaction. Commissions and fees will be paid solely to registered broker-dealers.

On February 28, 2014, the company exercised the first thirty day extension.

As of March 5, 2014, the company has raised $462,500 in funding from 12 investors.

As of March 10, 2014, the company has received $815,000 in tranche closing from 28 accredited investors. The company issued 652,000 units pursuant to the transaction. The company will issue a warrant to I-Bankers Securities, Inc. to purchase a number of common stocks equal to 10% of the number of securities sold in the transaction by I-Bankers Securities, Inc. The warrant will be exercisable for a period of four years at an exercise price of $2.50 per share. The company paid $10,000 to I-Bankers Securities, Inc. The company will pay lagal fees up to $25,000 to I-Bankers Securities, Inc. The parties agreed that up to $1,500,000 of the transaction will be syndicated or sold by the company. I-Bankers will not receive any compensation or fees in connection with any securities sold to any investors introduced by the syndicate and/or sold by the company in this transaction. Further, for a period of 18 months after the engagement of I-Bankers terminates, the company agreed to pay I-Bankers the fees in connection with any securities sold to investors introduced to the company by I-Bankers prior to the termination of engagement and which such investors were identified and approved by the company.

From March 14, 2014 to May 29, 2014, the company received $1,595,625 in tranche closing from 12 accredited investors. The company has issued 1,276,500 units in the tranche.