Data / Crowdfunding / Rhode Island / 25 Bough Street Inc.
25 Bough Street Inc.: crowdfunding raise on Wefunder Portal LLC, $50,000 to $249,999 (2021)
25 Bough Street Inc., a company in Providence, RI, filed a Form C with the SEC on April 30, 2021 to raise $50,000 to $249,999 in preferred stock through Wefunder Portal LLC. The offering closed on April 30, 2022. In its most recent fiscal year it reported $0 in revenue and $3,546 in net income, with 1 employees.
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- Website
- 25bough.com
- Funding portal
- Wefunder Portal LLC
- Address
- 25 Bough Street, Providence, RI 02909
- Legal form
- Other
- Jurisdiction
- DE
- Incorporated
- June 29, 2020
- SEC CIK
- 0001819966
Offering terms
From the amendment filed April 30, 2021.
- Security
- Preferred Stock
- Price
- $0.55
- Target
- $50,000
- Maximum
- $249,999
- Deadline
- April 30, 2022
- Portal compensation
- 7.5% of the offering amount upon a successful fundraise, and be entitled to reimbursement for out-of-pocket third party expenses it pays or incurs on behalf of the Issuer in connection with the offering.
Financials
From the Form C/A filed April 30, 2021.
| Most recent fiscal year | Prior fiscal year | Source | |
|---|---|---|---|
| Revenue | $0 | $0 | sec.gov |
| Cost of goods sold | $0 | $0 | sec.gov |
| Net income | $3,546 | $0 | sec.gov |
| Taxes paid | $0 | $0 | sec.gov |
| Total assets | $47,285 | $0 | sec.gov |
| Cash | $46,114 | $0 | sec.gov |
| Accounts receivable | $0 | $0 | sec.gov |
| Short-term debt | $3,546 | $0 | sec.gov |
| Long-term debt | $0 | $0 | sec.gov |
Filings
| Filed | Filing | Target | Maximum | Deadline | Note | Source |
|---|---|---|---|---|---|---|
| April 30, 2021 | Amendment | $50,000 | $249,999 | April 30, 2022 | Adding 2020 financials, lowering maximum target, and adding lead investor. | sec.gov |
| January 28, 2021 | Offering | $50,000 | $1,069,999 | April 30, 2021 | sec.gov |
Updated April 30, 2021. Read from SEC EDGAR. Public domain (U.S. government work). Financials are as each company reported them in its Form C, unaudited unless the filing says otherwise. Websites are the ones the companies declared to the SEC. Free to reuse with credit to SpecStream under CC BY 4.0. Spot a wrong value? Write to [email protected] with the link to this page.