Smoke Cartel, Inc. announced a private placement of minimum of 6,666 shares and maximum of 713,330 shares at $1.50 per share for minimum gross proceeds of $9,999 and maximum gross proceeds of $1,069,995 on August 7, 2018. The minimum amount accepted from any investor is $100.50. The company will accept over-subscriptions. The fund is raised at a valuation of $30,525,009. The company expects to close the transaction on November 6, 2018. The company will receive funding through crowd-funding platform StartEngine Capital, LLC. The company will issue securities pursuant to exemption provided under Regulation C. The company will pay intermediary fees equal to 6% of the gross proceeds to the crowd-funding platform. The company will pay minimum expenses of $599.94 and maximum expenses of $64,199.70 in the transaction. The company will receive minimum net proceeds of $9,399.06 and maximum net proceeds of $120,795.30 in the transaction. The company reported total assets of $1,732,304, total liabilities of $582,147, and net loss of $59,522 for the year ended December 31, 2017.