View details of this raise on Seedstage

Oakbrook Terrace, IL

Offering non-voting Profit Sharing Interests in a Thoroughbred racehorse.

• Thoroughbred Asset: The company owns a 20% fractional interest in Barracks, a bay colt with potential for racing success.
• Revenue Generation: Revenue is expected from net race purses, potential breeding income, and sale proceeds.
• Use of Proceeds: Funds will cover acquisition, maintenance, insurance, and training costs of the Thoroughbred Asset.
• Investor Participation: Investors acquire non-voting Profit Sharing Interests with potential for economic returns.
• Management: Managed by Morning Line Inc., with expertise in horse racing and asset management.

Morning Line Racing offers investors the opportunity to acquire non-voting Profit Sharing Interests in a specific Thoroughbred racehorse named Barracks. The company holds a 20% fractional ownership interest in Barracks, a bay colt foaled on March 20, 2023, by Beau Liam out of Bayou Miss. The objective is to generate revenue through net race purses, potential breeding income, and proceeds from the sale or other disposition of the Thoroughbred Asset.

The funds raised will be used for acquisition, maintenance, insurance, training, and other related costs of the Thoroughbred Asset. The company aims to provide horse racing enthusiasts with greater involvement in the sport by enabling them to participate in the economic performance of Barracks. Investors will receive distributions, if any, based on their pro rata ownership of Profit Sharing Interests, which are subject to the discretion of the Series manager.

Company Info

Morning Line Racing offers fractional economic interests in a Thoroughbred racehorse, distributing net proceeds from racing and related activities.

Morning Line Racing offers non-voting Profit Sharing Interests in a specific Thoroughbred racehorse, providing enthusiasts with a fractional economic interest in the net proceeds generated by the horse. The company manages a 20% ownership interest in a bay colt named Barracks, aiming to earn and distribute shares of net race purses, breeding, insurance, or sale proceeds, after covering expenses and reserves.

The business model allows investors to engage in the horse racing industry without direct ownership or management responsibilities. Morning Line Racing operates through a series structure, ensuring that assets and liabilities are segregated by series, and utilizes a tranche-based release schedule for its securities, which are priced based on market conditions and performance.