ADAMS FOURTH HOLDINGS, LLC
$18,900
Raised of $600K - $1.07M Goal
21
Investors
4 Months
To Invest
MIN $ 500
Maximum Investment: $107,000

ADAMS FOURTH HOLDINGS, LLC is insured by the TigerMark™ insurance policy.

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ADAMS FOURTH HOLDINGS, LLC
Public Market is a contemporary urban marketplace in downtown Springfield, IL
SPRINGFIELD, IL
Who We Are

The Public Market will be located in Downtown Springfield, Illinois at the corner of 4th and Adams Street. The property location is in the heart of the historic downtown community. When completed it will be transformed into a contemporary urban marketplace in an area surrounded by the State Capitol, state offices, and other commercial and residential buildings.

Our Goals

After renovations, the Public Market will quickly become a premier destination in downtown Springfield, IL. It will feature a diverse collection of unique vendors and the area’s first rooftop bar with an amazing view of both the old and current State Capitol buildings.

Offer Details
$600,000 Goal
Membership Interest
$100.00 Per Share/Unit
Membership Interest is similar to stock, giving members a percentage or unit of ownership in an LLC company.

Images used are design renderings only and may or may not reflect the final building design.

Meet The Team
DAVID LEE
PRESIDENT, SANGAMO VENTURES GROUP,LLC--CO-MANAGING PARTNER
He has 8 years’ experience in sales and marketing for a major medical equipment supplier. He is active in Downtown Springfield, Inc. BA Business Administration, Augustana College
Tony Caccomo
PRESIDENT, NEW HEARTLAND VENTURES, LTD. C0-MANAGING PARTNER
He has 40 years of real estate development, finance, brokerage and management in more than 30 states. Has a BS in Transportation, Niagara University
Eric Broughton
CEO, INCUBATOR VENTURES & INTERACTIVE MEDIA, PARTNER
Eric has over 12+ years of experience in digital marketing, project management, financial analysis, web design, team leadership, media and business management: plus a BA and an MBA.
TYLER SMITH
BROKER, PARTNER
Tyler is a Broker for Garrison Group Inc., a well-respected commercial real estate firm in Springfield. A Springfield native, he is actively involved in various local groups. He has a BS and MBA.
Francisco Saravia
CTO, Springfield YMCA, Incubator Ventures, Partner
He is an innovative bilingual technologist and entrepreneur, born in Chile. He is currently the CTO at the YMCA of Springfield and co-founder of The Incubator, Interactive Media, and many others.
VICHAY “SHAI” MAUTH
BUSINESS OWNER, PARTNER
SHAI currently operates a successful food hall in Champaign/Urbana area , and is developing a second Hawaiian Take Out concept in nearby in Mahomet, IL He brings more than 20 years of experience.
Tim Wallin
BUSINESS OWNER, PARTNER
He owns Employee Benefits Solutions and has over 10 years of experience in the insurance, investment, and employee benefits field. He also owned a tourism company in Puerto Rico for 5 years.
CHRIS DAVIS
COO, Resource One, Partner
Chris is the COO of one of the largest commercial interior design/furnishing companies in IL. He has a law degree, and worked for many years in the greater Chicagoland area.
KELLY SANNER
ARCHITECT/ENGINEER, PARTNER
A Springfield Architect/Engineer with 40 plus years of experience throughout Central Illinois. He was the architect/engineer for the National Foodworks Services in Decatur, IL, with Tony C.
Disclosures
Specific To ADAMS FOURTH HOLDINGS, LLC
Risk

1--To date, we have not generated revenue, do not foresee generating any revenue in the near future and therefore rely on external financing. We are a startup Company and our business model currently focuses on building and outfitting the facility rather than generating revenue. While we intend to generate revenue in the future, we cannot assure you when or if we will be able to do so. We rely on external financing to fund our operations. We anticipate, based on our current proposed plans and assumptions relating to our operations that, if the Minimum Amount is raised in this Offering, it will be sufficient to satisfy our contemplated cash requirements through approximately December, 2021 assuming that we do not accelerate the development of other opportunities available to us, engage in an extraordinary transaction or otherwise face unexpected events, costs or contingencies, any of which could affect our cash requirements. We expect capital outlays and operating expenditures to increase over the next several years as we expand our infrastructure, business operations, development activities and establish the bars and kitchens. Our future funding requirements will depend on many factors, including but not limited to the following: * The cost of expanding our operations; * The financial terms and timing of any collaborations, licensing or other arrangements into which we may enter; * The rate of progress and cost of development activities; * The need to respond to technological changes and increased competition; * The costs of filing, prosecuting, defending and enforcing any patent claims and other intellectual property rights; * The cost and delays in product development that may result from changes in regulatory requirements applicable to our products; * Sales and marketing efforts to bring these new product candidates to market; * Unforeseen difficulties in establishing and maintaining an effective sales and distribution network; and * Lack of demand for and market acceptance of our products and technologies. We may have difficulty obtaining additional funding and we cannot assure you that additional capital will be available to us when needed, if at all, or if available, will be obtained on terms acceptable to us. If we raise additional funds by issuing additional debt securities, such debt instruments may provide for rights, preferences or privileges senior to the Securities. In addition, the terms of the debt securities issued could impose significant restrictions on our operations. If we raise additional funds through collaborations and licensing arrangements, we might be required to relinquish significant rights to our technologies or product candidates, or grant licenses on terms that are not favorable to us. If adequate funds are not available, we may have to delay, scale back, or eliminate some of our operations or our research development and commercialization activities. Under these circumstances, if the Company is unable to acquire additional capital or is required to raise it on terms that are less satisfactory than desired, it may have a material adverse effect on its financial condition.

2-We have limited operating history upon which you can evaluate our performance, and accordingly, our prospects must be considered in light of the risks that any new company encounters. We were incorporated under the laws of Illinois on January 13, 2020. Accordingly, we have no history upon which an evaluation of our prospects and future performance can be made. Our proposed operations are subject to all business risks associated with a new enterprise. The likelihood of our creation of a viable business must be considered in light of the problems, expenses, difficulties, complications, and delays frequently encountered in connection with the inception of a business, operation in a competitive industry, and the continued development of advertising, promotions, and a corresponding client base. We anticipate that our operating expenses will increase for the near future. There can be no assurances that we will ever operate profitably. You should consider the Company's business, operations and prospects in light of the risks, expenses and challenges faced as an early-stage company.

3-We may face potential difficulties in obtaining capital. We may have difficulty raising needed capital in the future as a result of, among other factors, our lack of an approved product and revenues from sales, as well as the inherent business risks associated with our company and present and future market conditions. Our business currently does not generate any sales and future sources of revenue may not be sufficient to meet our future capital requirements. We will require additional funds to execute our business strategy and conduct our operations. If adequate funds are unavailable, we may be required to delay, reduce the scope of or eliminate one or more of our development or marketing programs or product launches, any of which may materially harm our business, financial condition and results of operations.

4-In order for the Company to compete and grow, it must attract, recruit, retain and develop the necessary personnel who have the needed experience. Recruiting and retaining highly qualified personnel is critical to our success. These demands may require us to hire additional personnel and will require our existing management personnel to develop additional expertise. We face intense competition for personnel. The failure to attract and retain personnel or to develop such expertise could delay or halt the development and commercialization of our product candidates. If we experience difficulties in hiring and retaining personnel in key positions, we could suffer from delays in product development, loss of customers and sales and diversion of management resources, which could adversely affect operating results. Our consultants and advisors may be employed by third parties and may have commitments under consulting or advisory contracts with third parties that may limit their availability to us.

5-The development and commercialization of our Beer Garden, Wine Bar, Event Space and Food Hall is highly competitive. We face competition with respect to any products that we may seek to develop or commercialize in the future. Our competitors include major companies locally and regionally. Many of our competitors have significantly greater financial, technical and human resources than we have and superior expertise in research and development and marketing approved services and thus may be better equipped than us to develop and commercialize their services. These competitors also compete with us in recruiting and retaining qualified personnel and acquiring technologies. Smaller or early stage companies may also prove to be significant competitors, particularly through collaborative arrangements with large and established companies. Accordingly, our competitors may commercialize products more rapidly or effectively than we are able to, which would adversely affect our competitive position, the likelihood that our products/services will achieve initial market acceptance and our ability to generate meaningful additional revenues from our products.

6-We rely on other companies to provide raw materials, major components, basic ingredients and subsystems for our products. We depend on these suppliers and subcontractors to meet our contractual obligations to our customers and conduct our operations. Our ability to meet our obligations to our customers may be adversely affected if suppliers or subcontractors do not provide the agreed-upon supplies or perform the agreed-upon services in compliance with customer requirements and in a timely and cost-effective manner. Likewise, the quality of our products may be adversely impacted if companies to whom we delegate manufacture of major subsystems for our products, or from whom we acquire such items, do not provide raw materials, major components, basic ingredients or subsystems which meet required specifications and perform to our and our customers' expectations. Our suppliers may be less likely than us to be able to quickly recover from natural disasters and other events beyond their control and may be subject to additional risks such as financial problems that limit their ability to conduct their operations. The risk of these adverse effects may be greater in circumstances where we rely on only one or two subcontractors or suppliers for a particular raw material, component, or basic ingredient.

7-We depend on third-party service providers and outsource providers for a variety of services and we outsource a number of our non-core functions and operations. In certain instances, we rely on single or limited service providers and outsourcing vendors because the relationship is advantageous due to quality, price, or lack of alternative sources. If production or service was interrupted and we were not able to find alternate third-party providers, we could experience disruptions in our operations including product shortages, higher freight costs and re-engineering costs. If outsourcing services are interrupted or not performed or the performance is poor, this could impact our ability to process, record and report transactions with our customers and other constituents. Such interruptions in the provision of supplies and/or services could result in our inability to meet customer demand, damage our reputation and customer relationships and adversely affect our business.

8-We depend on third party providers, suppliers and licensors to supply some of the hardware, software and operational support necessary to provide some of our services. We obtain these materials from a limited number of vendors, some of which do not have a long operating history, or which may not be able to continue to supply the equipment and services we desire. Some of our hardware, software and operational support vendors represent our sole source of supply or have, either through contract or as a result of intellectual property rights, a position of some exclusivity. If demand exceeds these vendors' capacity or if these vendors experience operating or financial difficulties or are otherwise unable to provide the equipment or services we need in a timely manner, at our specifications and at reasonable prices, our ability to provide some services might be materially adversely affected, or the need to procure or develop alternative sources of the affected materials or services might delay our ability to serve our customers. These events could materially and adversely affect our ability to retain and attract customers, and have a material negative impact on our operations, business, financial results and financial condition.

9-Quality management plays an essential role in determining and meeting customer requirements, preventing defects, improving the Company's products and services and maintaining the integrity of the data that supports the safety and efficacy of our products. Our future success depends on our ability to maintain and continuously improve our quality management program. An inability to address a quality or safety issue in an effective and timely manner may also cause negative publicity, a loss of customer confidence in us or our current or future products, which may result in the loss of sales and difficulty in successfully launching new products. In addition, a successful claim brought against us in excess of available insurance or not covered by indemnification agreements, or any claim that results in significant adverse publicity against us, could have an adverse effect on our business and our reputation.

10-Manufacturing or design defects, unanticipated use of our products, or inadequate disclosure of risks relating to the use of the products can lead to injury or other adverse events. These events could lead to recalls or safety alerts relating to our products (either voluntary or required by governmental authorities) and could result, in certain cases, in the removal of a product from the market. Any recall could result in significant costs as well as negative publicity that could reduce demand for our products. Personal injuries relating to the use of our products can also result in product liability claims being brought against us. In some circumstances, such adverse events could also cause delays in new product approvals. Similarly, negligence in performing our services can lead to injury or other adverse events.

11-We may implement new lines of business or offer new products and services within existing lines of business. There are substantial risks and uncertainties associated with these efforts, particularly in instances where the markets are not fully developed. In developing and marketing new lines of business and/or new products and services, we may invest significant time and resources. Initial timetables for the introduction and development of new lines of business and/or new products or services may not be achieved and price and profitability targets may not prove feasible. We may not be successful in introducing new products and services in response to industry trends or developments in technology, or those new products may not achieve market acceptance. As a result, we could lose business, be forced to price products and services on less advantageous terms to retain or attract clients, or be subject to cost increases. As a result, our business, financial condition or results of operations may be adversely affected.

12-In general, demand for our products and services is highly correlated with general economic conditions. A substantial portion of our revenue is derived from discretionary spending by individuals, which typically falls during times of economic instability. Declines in economic conditions in the U.S. or in other countries in which we operate may adversely impact our consolidated financial results. Because such declines in demand are difficult to predict, we or the industry may have increased excess capacity as a result. An increase in excess capacity may result in declines in prices for our products and services.

13-The use of individually identifiable data by our business, our business associates and third parties is regulated at the state, federal and international levels. Costs associated with information security – such as investment in technology, the costs of compliance with consumer protection laws and costs resulting from consumer fraud – could cause our business and results of operations to suffer materially. Additionally, the success of our online operations depends upon the secure transmission of confidential information over public networks, including the use of cashless payments. The intentional or negligent actions of employees, business associates or third parties may undermine our security measures. As a result, unauthorized parties may obtain access to our data systems and misappropriate confidential data. There can be no assurance that advances in computer capabilities, new discoveries in the field of cryptography or other developments will prevent the compromise of our customer transaction processing capabilities and personal data. If any such compromise of our security or the security of information residing with our business associates or third parties were to occur, it could have a material adverse effect on our reputation, operating results and financial condition. Any compromise of our data security may materially increase the costs we incur to protect against such breaches and could subject us to additional legal risk.

14-Security breaches and other disruptions could compromise our information and expose us to liability, which would cause our business and reputation to suffer. We collect sensitive data, including intellectual property, our proprietary business information and that of our customers, suppliers and business partners, and personally identifiable information of our customers and employees, in our data centers and on our networks. The secure processing,maintenance and transmission of this information is critical to our operations and business strategy. Despite our security measures, our information technology and infrastructure may be vulnerable to attacks by hackers or breached due to employee error, malfeasance or other disruptions. Any such breach could compromise our networks and the information stored there could be accessed, publicly disclosed, lost or stolen. Any such access, disclosure or other loss of information could result in legal claims or proceedings, liability under laws that protect the privacy of personal information, and regulatory penalties, disrupt our operations and the services we provide to customers, and damage our reputation, and cause a loss of confidence in our products and services, which could adversely affect our business/operating margins, revenues and competitive position. The secure processing, maintenance and transmission of this information is critical to our operations and business strategy, and we devote significant resources to protecting our information. The expenses associated with protecting our information could reduce our operating margins.

15-The total funding for the project relies on both Crowdfunding and Regulation D securities offerings. If one or both fail to accumulate the total funds required, the project may not be finished on time, and delays could increase the costs, or the funding may not b adequate in total to finalize all the aspects of the project.

16-An intentional or unintentional disruption, failure, misappropriation or corruption of our network and information systems could severely affect our business. Such an event might be caused by computer hacking, computer viruses, worms and other destructive or disruptive software, "cyber attacks" and other malicious activity, as well as natural disasters, power outages, terrorist attacks and similar events. Such events could have an adverse impact on us and our customers, including degradation of service, service disruption, excessive call volume to call centers and damage to our plant, equipment and data. In addition, our future results could be adversely affected due to the theft, destruction, loss, misappropriation or release of confidential customer data or intellectual property. Operational or business delays may result from the disruption of network or information systems and the subsequent remediation activities. Moreover, these events may create negative publicity resulting in reputation or brand damage with customers.

17-We are subject to the risk of substantial environmental liability and limitations on our operations due to environmental laws and regulations. We are subject to extensive federal, state, local and foreign environmental, health and safety laws and regulations concerning matters such as air emissions, wastewater discharges, solid and hazardous waste handling and disposal and the investigation and remediation of contamination. The risks of substantial costs and liabilities related to compliance with these laws and regulations are an inherent part of our business, and future conditions may develop, arise or be discovered that create substantial environmental compliance or remediation liabilities and costs. Compliance with environmental, health and safety legislation and regulatory requirements may prove to be more limiting and costly than we anticipate. We may be subject to legal proceedings brought by private parties or governmental authorities with respect to environmental matters, including matters involving alleged property damage or personal injury. New laws and regulations, including those which may relate to emissions of greenhouse gases, stricter enforcement of existing laws and regulations, the discovery of previously unknown contamination or the imposition of new clean-up requirements could require us to incur costs or become the basis for new or increased liabilities that could have a material adverse effect on our business, financial condition or results of operations.

18-If we are unable to continue to maintain good relationships with our employees, our operating costs could significantly increase and our operational flexibility could be significantly reduced.

19-Terrorist attacks and threatened attacks have from time to time materially adversely affected the demand for travel and have also resulted in increased safety and security costs for us and the hospitality industry generally. Safety measures create delays and inconveniences and can, in particular, reduce our competitiveness against surface transportation for certain routes. Additional terrorist attacks, even if not made directly on the hospitality industry, or the fear of such attacks or other hostilities, would likely have a further significant negative impact on the Company and our industry. Terrorist-sponsored attacks, both foreign and domestic, could have adverse effects on our business and results of operations. These attacks could accelerate or exacerbate other industry risks and also have the potential to interfere with our business by disrupting supply chains and the delivery of products to customers.

20-Climate Change, Climate Change Regulations and Greenhouse Gas Effects May Adversely Impact our Operations. There is growing concern from members of the scientific community and the general public that an increase in global average temperatures due to emissions of greenhouse gases (GHG) and other human activities have or will cause significant changes in weather patterns and increase the frequency and severity of natural disasters. Climate change, including the impact of global warming, creates physical and financial risk. Physical risks from climate change include an increase in sea level and changes in weather conditions, such as an increase in changes in precipitation and extreme weather events. Climate change could have a material adverse effect on our results of operations, financial condition, and liquidity. We may become subject to legislation and regulation regarding climate change, and compliance with any new rules could be difficult and costly. Concerned parties, such as legislators and regulators, shareholders and non-governmental organizations, as well as companies in many business sectors, are considering ways to reduce GHG emissions. Foreign, federal, state and local regulatory and legislative bodies have proposed various legislative and regulatory measures relating to climate change, regulating GHG emissions and energy policies. If such legislation is enacted, we could incur increased energy, environmental and other costs and capital expenditures to comply with the limitations. Due to the uncertainty in the regulatory and legislative processes, as well as the scope of such requirements and initiatives, we cannot currently determine the effect such legislation and regulation may have on our operations. We could face increased costs related to defending and resolving legal claims and other litigation related to climate change and the alleged impact of our operations on climate change.

21-The Company's success depends on the experience and skill of the board of directors, its executive officers and key employees. In particular, the Company is dependent on Anthony V Caccomo and David G Lee who are Senior Officers of the Managing Members, of the Company. The Company may enter into employment agreements with Anthony V Caccomo and David G Lee although there can be no assurance that it will do so or that they will continue to be employed by the Company for a particular period of time. The loss of Anthony V Caccomo and David G Lee or any member of the board of directors or executive officer could harm the Company's business, financial condition, cash flow and results of operations.

22-We rely on third-party suppliers for the materials used in the manufacturing of our products. The following suppliers will provided the following listed services, inputs or raw materials. Supplier or Description: Beer, Wine, Liquor, Food Service: Many Suppliers % of such service: 100.0% If any of these suppliers changed its sales strategy to reduce its reliance on distribution channels, or decided to terminate its business relationship with us, sales and earnings could be adversely affected until we are able to establish relationships with suppliers of comparable products. Any delay or interruption in manufacturing operations (or failure to locate a suitable replacement for such suppliers) could materially adversely affect our business, prospects, or results of operations. Most of our agreements with suppliers are terminable by either party on short notice for any reason. Although we believe our relationships with these key suppliers are good, they could change their strategies as a result of a change in control, expansion of their direct sales force, changes in the marketplace or other factors beyond our control, including a key supplier becoming financially distressed.

23-We rely on various intellectual property rights, including trademarks and licenses in order to operate our business. Such intellectual property rights, however, may not be sufficiently broad or otherwise may not provide us a significant competitive advantage. In addition, the steps that we have taken to maintain and protect our intellectual property may not prevent it from being challenged, invalidated, circumvented or designed-around, particularly in countries where intellectual property rights are not highly developed or protected. In some circumstances, enforcement may not be available to us because an infringer has a dominant intellectual property position or for other business reasons, or countries may require compulsory licensing of our intellectual property. Our failure to obtain or maintain intellectual property rights that convey competitive advantage, adequately protect our intellectual property or detect or prevent circumvention or unauthorized use of such property, could adversely impact our competitive position and results of operations. We also rely on nondisclosure and noncompetition agreements with employees, consultants and other parties to protect, in part, trade secrets and other proprietary rights. There can be no assurance that these agreements will adequately protect our trade secrets and other proprietary rights and will not be breached, that we will have adequate remedies for any breach, that others will not independently develop substantially equivalent proprietary information or that third parties will not otherwise gain access to our trade secrets or other proprietary rights. As we expand our business, protecting our intellectual property will become increasingly important. The protective steps we have taken may be inadequate to deter our competitors from using our proprietary information. In order to protect or enforce our patent rights, we may be required to initiate litigation against third parties, such as infringement lawsuits. Also, these third parties may assert claims against us with or without provocation. These lawsuits could be expensive, take significant time and could divert management's attention from other business concerns. The law relating to the scope and validity of claims in the technology field in which we operate is still evolving and, consequently, intellectual property positions in our industry are generally uncertain. We cannot assure you that we will prevail in any of these potential suits or that the damages or other remedies awarded, if any, would be commercially valuable.

24-From time to time, third parties may claim that one or more of our products or services infringe their intellectual property rights. Any dispute or litigation regarding patents or other intellectual property could be costly and time-consuming due to the complexity of our technology and the uncertainty of intellectual property litigation and could divert our management and key personnel from our business operations. A claim of intellectual property infringement could force us to enter into a costly or restrictive license agreement, which might not be available under acceptable terms or at all, could require us to redesign our products, which would be costly and time-consuming, and/or could subject us to an injunction against development and sale of certain of our products or services. We may have to pay substantial damages, including damages for past infringement if it is ultimately determined that our products infringe on a third party's proprietary rights. Even if these claims are without merit, defending a lawsuit takes significant time, may be expensive and may divert management's attention from other business concerns. Any public announcements related to litigation or interference proceedings initiated or threatened against us could cause our business to be harmed. Our intellectual property portfolio may not be useful in asserting a counterclaim, or negotiating a license, in response to a claim of intellectual property infringement. In certain of our businesses we rely on third party intellectual property licenses and we cannot ensure that these licenses will be available to us in the future on favorable terms or at all.

25-We have not prepared any audited financial statements. We have not had any operations to this point. Therefore, you have no audited financial information regarding the Company's capitalization or assets or liabilities on which to make your investment decision. If you feel the information provided is insufficient, you should not invest in the Company.  Our first  year end will be December 31, 2020.  

26-We are subject to income taxes as well as non-income based taxes, such as payroll, sales, use, value-added, net worth, property and goods and services taxes in the U.S. and the State of Illinois Significant judgment is required in determining our provision for income taxes and other tax liabilities. In the ordinary course of our business, there are many transactions and calculations where the ultimate tax determination is uncertain. Although we believe that our tax estimates are reasonable: (i) there is no assurance that the final determination of tax audits or tax disputes will not be different from what is reflected in our income tax provisions, expense amounts for non-income based taxes and accruals and (ii) any material differences could have an adverse effect on our financial position and results of operations in the period or periods for which determination is made.

27-We are not subject to Sarbanes-Oxley regulations and lack the financial controls and safeguards required of public companies. We do not have the internal infrastructure necessary, and are not required, to complete an attestation about our financial controls that would be required under Section 404 of the Sarbanes-Oxley Act of 2002. There can be no assurance that there are no significant deficiencies or material weaknesses in the quality of our financial controls. We expect to incur additional expenses and diversion of management's time if and when it becomes necessary to perform the system and process evaluation, testing and remediation required in order to comply with the management certification and auditor attestation requirements.

28- Changes in employment laws or regulation could harm our performance. Various federal and state labor laws govern our relationship with our employees and affect operating costs. These laws include minimum wage requirements, overtime pay, healthcare reform and the implementation of the Patient Protection and Affordable Care Act, unemployment tax rates, workers' compensation rates, citizenship requirements, union membership and sales taxes. A number of factors could adversely affect our operating results, including additional government-imposed increases in minimum wages, overtime pay, paid leaves of absence and mandated health benefits, mandated training for employees, increased tax reporting and tax payment requirements for employees who receive tips, a reduction in the number of states that allow tips to be credited toward minimum wage requirements, changing regulations from the National Labor Relations Board and increased employee litigation including claims relating to the Fair Labor Standards Act.

29- Growth rates higher than planned or the introduction of new products requiring special ingredients could create higher demand for ingredients greater than we can source. Although we believe that there are alternative sources available for our key ingredients, there can be no assurance that we would be able to acquire such ingredients from substitute sources on a timely or cost effective basis in the event that current suppliers could not adequately fulfill orders, which would adversely affect our business and results of operations.

30- We are subject to governmental regulations affecting our bars, kitchens and tasting rooms. Federal, state and local laws and regulations govern the production and distribution of beer and spirits, including permitting, licensing, trade practices, labeling, advertising and marketing, distributor relationships and various other matters. To operate our bars, we must obtain and maintain numerous permits, licenses and approvals from various governmental agencies, including the Alcohol and Tobacco Tax and Trade Bureau, the Food and Drug Administration, state alcohol regulatory agencies and state and federal environmental agencies. A variety of federal, state and local governmental authorities also levy various taxes, license fees and other similar charges and may require bonds to ensure compliance with applicable laws and regulations. Our tasting rooms and kitchens are subject to alcohol beverage control regulations that generally require us to apply to a state authority for a license that must be renewed annually and may be revoked or suspended for cause at any time. These alcohol beverage control regulations relate to numerous aspects of daily operations of our tasting rooms and kitchens, including minimum age of patrons and employees, hours of operation, advertising, trade practices, inventory control and handling, storage and dispensing of alcohol beverages. Noncompliance with such laws and regulations may cause the Alcohol and Tobacco Tax and Trade Bureau or any particular state or jurisdiction to revoke its license or permit, restricting our ability to conduct business, assess additional taxes, interest and penalties or result in the imposition of significant fines.

31- The wine/craft beer/spirits business is seasonal in nature, and we are likely to experience fluctuations in results of operations and financial condition. Sales of wine/craft beer/spirits products are somewhat seasonal, with the first and fourth quarters historically having lower sales than the rest of the year.

32- Our business is substantially dependent upon awareness and market acceptance of our products and brands. Our business depends on acceptance by both our end consumers as well as our independent distributors of our brands as beverage brands that have the potential to provide incremental sales growth rather than reduce distributors' existing beverage sales. We believe that the success of our product name brands will also be substantially dependent upon acceptance of our product name brands. Accordingly, any failure of our brands to maintain or increase acceptance or market penetration would likely have a material adverse affect on our revenues and financial results.

33-Reductions in sales of our products will have an adverse effect on our profitability and ability to generate cash to fund our business plan. The following factors, among others, could affect continued market acceptance and profitability of our products: • the introduction of competitive products; • changes in consumer preferences among [type of food] food products; • changes in consumer eating and snacking habits, including trends away from certain categories, including major allergen-free, gluten-free and non-GMO products; • changes in awareness of the social effects of farming and food production; • changes in consumer perception about trendy snack products; • changes in consumer perception regarding the healthfulness of our products; • the level and effectiveness of our sales and marketing efforts; • any unfavorable publicity regarding [food type] products or similar products; • any unfavorable publicity regarding our brand; • litigation or threats of litigation with respect to our products; • the price of our products relative to other competing products; • price increases resulting from rising commodity costs; • any changes in government policies and practices related to our products, labeling and markets; • regulatory developments affecting the manufacturing, labeling, marketing or use of our products; • new science or research that disputes the healthfulness of our products; and • adverse decisions or rulings limiting our ability to promote the benefits of popcorn products. Adverse developments with respect to the sale of our products would significantly reduce our net sales and profitability and have a material adverse effect on our ability to maintain profitability and achieve our business plan.

34-Our products rely on independent certification that they are non-GMO, gluten-free or Kosher. We rely on independent certification of our non-GMO, gluten-free and Kosher products and must comply with the requirements of independent organizations or certification authorities in order to label our products as such. Currently, the FDA does not directly regulate the labeling of Kosher or non-GMO products as such. The FDA has defined the term "gluten-free" and we must comply with the FDA's definition if we include this label on our products. Our products could lose their non-GMO and gluten-free certifications if our raw material suppliers lose their product certifications for those specified claims. We could also lose our Kosher product certification if a contract manufacturing plant is found to be in violation of required manufacturing or cleaning processes. The loss of any of these independent certifications, including for reasons outside of our control, could harm our business.

35- Ingredient and packaging costs are volatile and may rise significantly, which may negatively impact the profitability of our business. We purchase large quantities of raw materials, including ingredients.Costs of ingredients and packaging are volatile and can fluctuate due to conditions that are difficult to predict, including global competition for resources, weather conditions, natural or man-made disasters, consumer demand and changes in governmental trade and agricultural programs. As such, any material upward movement in raw materials pricing could negatively impact our margins, if we are not able to pass these costs on to our customers, or sales if we are forced to increase our prices, which would adversely affect our business, results of operations and financial condition.

36- Certain of our raw material contracts have minimum purchase commitments that could require us to continue to purchase raw materials even if our sales have declined. We may be contractually obligated to purchase a certain amount of raw materials from our suppliers even if we do not have the customer demand to sustain such purchases. The purchase of raw materials, which we are not able to convert into finished products and sell to our customers would have a negative effect on our business and results of operations.

37- Our future business, results of operations and financial condition may be adversely affected by reduced availability of our core ingredients. Our ability to ensure a continuing supply of our core ingredients at competitive prices depends on many factors beyond our control, such as the number and size of farms that grow crops, poor harvests, changes in national and world economic conditions and our ability to forecast our ingredient requirements. The ingredients used in our products are vulnerable to adverse weather conditions and natural disasters, such as floods, droughts, frosts, earthquakes, hurricanes and pestilences. Adverse weather conditions and natural disasters can lower crop yields and reduce crop size and quality, which in turn could reduce the available supply of our core ingredients. If supplies of our core ingredients are reduced or there is greater demand for such ingredients, from us and others, we may not be able to obtain sufficient supply on favorable terms, or at all, which could impact our ability to supply products to distributors and retailers.

38-Failure by our transportation providers to deliver our products on time or at all could result in lost sales. We currently rely upon third-party transportation providers for a significant portion of our product shipments. Our utilization of delivery services for shipments is subject to risks, including increases in fuel prices, which would increase our shipping costs, and employee strikes and inclement weather, which may impact the ability of providers to provide delivery services that adequately meet our shipping needs. We may, from time to time, change third-party transportation providers, and we could therefore face logistical difficulties that could adversely affect deliveries. We may not be able to obtain terms as favorable as those we receive from the third-party transportation providers that we currently use or may incur additional costs, which in turn would increase our costs and thereby adversely affect our operating results.

39- If our brand or reputation is damaged, the attractive characteristics that we offer may diminish, which could diminish the value of our business. We hope to become an attractive brand for our customers because our products are high quality and generate a high level of retail sales at a premium margin relative to their shelf space. This is due to both our premium price point and our sales velocity. If our brand or reputation is damaged for any reason, consumers may no longer be willing to pay a premium price for our products and we may no longer be able to generate a high sales velocity at our then-current prices. If we no longer offer these characteristics, retailers may decrease their orders of our products and downgrade the in-store placement of our products, which could have an adverse effect on our business and results of operations.

40- Pandemics or similar national, state or regional disasters can adversely affect the ability of the food and beverage industry to stay open, serve clients indoors or permit social interaction without rules and regulations that may be set outside of our control. this could adversely affect our ability to conduct business.

...

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TigerMark™

ADAMS FOURTH HOLDINGS, LLC has purchased the TigerMark™ insurance policy in connection with this offering. The policy is provided by Assurely in partnership with AXA XL insurance company.

In some circumstances, the policy can provide coverage for claims brought by a crowdfunding investor against an Insured alleging THEFT OF FUNDS or MISUSE OF FUNDS by an Insured, or material intentional MISREPRESENTATION by an Insured in the offering documents. Like all insurance policies, the policy contains conditions and some exclusions and is not a guarantee of a return.

For more information about the policy including investor rights, limitations and how to process to file a claim, (click here.)

Other

Review the Form C on file with the SEC for other important disclosures including GAAP financial statements, key members of the company with a significant stake or more than 20% voting rights and legal information about the company, entity type and date and place of incorporation.

The final Form C PDF comes from iDisclose and is one of the documents submitted to the SEC. It will be dynamically added to the statement above per company.

The statement below will not appear on the step but will appear on the company page. The company’s name will dynamically appear in the highlight spot. The rest of the statement will be the same per company page.

Funding with Nvsted

ADAMS FOURTH HOLDINGS, LLC is conducting a Regulation Crowdfunding offering via Nvstedwithus.com a website owned and operated by STL Critical Technologies JV I LLC. CRD Number: #288930.

Membership Interest
$100.00 Per Share

Membership Interest is similar to stock, giving members a percentage or unit of ownership in an LLC company.

ADAMS FOURTH HOLDINGS, LLC
MIN $ 500
Maximum Investment: $107,000
FAQs
Common Questions We're Asked
HOW MUCH IS THE MINIMUM I CAN INVEST
$500 is the minimum for 5 units at $100 per unit
HOW MUCH IS THE MAXIMUM I CAN INVEST?
The maximum you can invest will be limited by your annual income, net worth, and other Regulation Crowdfunding investments you may have made within the past year. This amount will be determined during the investment process, but you can also view this limit in your investor dashboard. In general, assuming no other Regulation Crowdfunding investments in the past year, you will be able to invest a maximum of $2,200 to $107,000 in our campaign.
WILL WE OWN THE BUILDING TOO?
Yes, Adams Fourth Holdings, LLC will own the building, as well as all of the equipment, furniture, and fixtures – including all the kitchens and vendor spaces.
ARE THE VENDOR SPACES ON LEASES?
Yes--each of the food and vendors spaces will have a lease that allows for a Base Rent, a pro-rata share of the taxes, insurance and operating expenses. Plus a share of the increased sales over a threshold volume.
WILL THE PUBLIC MARKET BE ON A LEASE?
Yes--the lease with our wholly-owned Public Market operations will include a base rent, and pro-rata share of expenses. All of the profits from the liquor and retail merchandise sales flow up to Adams Fourth as the lease payment.
WHAT IS THE RETAIL SPACE IDENTIFIED IN THE RENDERINGS?
Public Market will be offering limited sales of merchandise, food, drink, and non-food-drink items to customers in various areas inside the facility.
Questions
We'd Love To Hear From You

Brittany Washburn
Potential Investor
12/05/20
Hi, I really dig your idea. Why are there no women on your “team”? I considered investing $500, however, I am looking for a solidly diverse team to back. Will you please consider bringing a woman onto your team?
Tony Caccomo
Issuer
12/05/20
We actually do have females on the Development Team--a prominent female dentist from Springfield. In addition, we have consulted with several female business, civic and financial leaders from Springfield to help guide us in this huge project. Finally, we had great input from 2 female "focus groups" that we organized to give us better perspective, understanding and advice regarding this very unique venture for Downtown Springfield!

lyle notice
Potential Investor
11/24/20
How will I make a return on my investment? What is the potential return multiple on a $500 investment? What is the exit plan?
Tony Caccomo
Issuer
11/24/20
The PREFERRED return on all capital is 6% per year--Half of that--3% will be paid in cash, and the other half will be in Market Rewards--debit cards that are usable in the facility--restaurants, bars or retail. In addition, 40% of all excess cash profits will be further distributed on the capital contribution from the Class A units -- the long term return may not be calculable at this early date--but it is assumed, with certain conditions, that investors may individually sell their shares after one year. WE believe the long term benefit will be the usage and opportunities that being a part owner will enjoy!!

William Rose
Potential Investor
11/09/20
I was wondering what the difference between A/B investments is. I really want to believe in this project and I'm assuming it's money invested that separates those two?
Tony Caccomo
Issuer
11/10/20
The Class A Units --40,000 total--get a Preferred Annual Return each year and get the Preferred Return of Capital prior to the split of profits. The Current Preferred Return for Class A shares is 3% in Cash, and a 3% Rewards Card to spend in the Public Market---then after that Class A units receive additionally 40% of the profits Pro-Rata on your investment.

Doug Franklin
Potential Investor
11/06/20
Is ownership something that can be transferred to my adult-aged children? Can I sell it at a later date?
Tony Caccomo
Issuer
11/10/20
Securities purchased in a crowdfunding transaction generally cannot be resold for a period of one year, unless the securities are transferred: · (1) to the issuer of the securities; · (2) to an “accredited investor”; · (3) as part of an offering registered with the Commission; or · (4) to a member of the family of the purchaser or the equivalent, to a trust controlled by the purchaser, to a trust created for the benefit of a member of the family of the purchaser or the equivalent, or in connection with the death or divorce of the purchaser or other similar circumstance.

Ethan Martin
Potential Investor
11/06/20
This is a very exciting project! Two questions: 1. What is your expected revenue/profit in your first year of opening and over the long term? 2. How did you calculate those projections?
Tony Caccomo
Issuer
11/07/20
New startups--even these in the food and beverage industry--rarely produce significant profits in the first year or two. Public Market, Inc. is a wholly owned corporation owned by Adams Fourth Holdings, LLC and will own the building, all the equipment, and will operate the 3 bars, the retail store and collect rent for special events. We have projected modest income in the early years because a portion of the profit will be generated by all the special events being planned--such as political and business events, special parties such as weddings etc, and special Illinois Wine and Illinois Craft Beer events We projected all the food operations at 10% of their gross per month--and used $1,000 as a base. Our revenue will increase as their sales increase. they also pay a pro-rata share of all operating expenses. We projected only $9,000 in rental income to start for the three bars--Beer Garden, Second Floor and Rooftop--but ALL of the profits from the bars/liquor sales flow up as rent --and we only projected modest increases over the years in the bar rentals. For the event space--priced as $500 for a half day and $1,000 for a full day--we started our projections at $2,000 per month (without food or bar revenue)--and increased that modestly over the early years. The first 6% of profits are paid out cumulatively to investor capital pro-rata with half as cash and half as Market Bucks Rewards cards to spend in the facility. In addition, 40% of the profits in excess of those preferred returns are paid similarly in cash and rewards. We have kept our projections modest because forward projections are never guaranteed.

scott dahl
Potential Investor
11/03/20
If minimum $600k goal is not met and/or the Public Market does not open, what happens to pledged investments? For example, only $100k is raised and the project is abandoned - are refunds issued to investors?
Tony Caccomo
Issuer
11/03/20
yes---if the goal is not met--and less than $600k is raised..all the funds held in escrow by a third party are returned

Rob Wh
Potential Investor
10/27/20
What financial benefits can be received from investing? I saw 10% of the investment amount will be received to spend at the Public Market, but what about dividends? Or will share value increase somehow?
Tony Caccomo
Issuer
10/27/20
The annual preferred return is set at 3% in cash, 3% in Market Bucks reward to spend at the Market, and 40% of the excess cash flow distributed pro-rata to all Class A Unit Owners. The 10% BONUS for early bird investors is one-time only. In addition, all of the capital will be repaid through an ultimate sale or refinance, and there will be an distribution of 40% of the profits to all Class A investors.

William Florent
Potential Investor
10/26/20
Can I invest through my IRA?
Tony Caccomo
Issuer
10/27/20
Yes. Up to the Maximum of $107,000 for an accredited investor, and up to $2,200 for non-accredited investor
Tony Caccomo
Issuer
10/27/20
Sorry--just learned that the structure doesn't allow for IRA to invest, only individuals. Investment is through an individual checking or savings account.
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