Smoke Cartel, Inc. (OTCPK:SMKC) announced a private placement of minimum of 20,000 and maximum of 666,666 common shares at $1.5 per share for gross proceeds of minimum of $30,000 and maximum of $999,999 on May 14, 2018. The company will raise the funding through crowd funding platform SI Securities. As part of the transaction, SI Securities will charge a 7.5% fee based on company's online funding total, only if company's funding is successful. The company will pay equity compensation equal to 5% of the number of securities sold in the transaction. The company has accepted oversubscription. The transaction is expected to close by May 31, 2018. The company will issue the securities pursuant to exemption provided under Regulation C. The minimum investment is $24 from accredited investors. The company reported total assets of $1,732,304, revenue of $5,895,040 and net income of -$59,522 for the year ended 2017.