Data / Crowdfunding / Michigan / 5 Mile Brewing Co LLC
5 Mile Brewing Co LLC: crowdfunding raise on MainVest, Inc., $250,000 to $1,235,000 (2022)
5 Mile Brewing Co LLC, a limited liability company in Ann Arbor, MI, filed a Form C with the SEC on December 19, 2022 to raise $250,000 to $1,235,000 in common stock through MainVest, Inc.. The offering closed on January 15, 2023. In its most recent fiscal year it reported $3,480,774 in revenue and a net loss of $243,217, with 75 employees.
SpecStream is the live web data engine for teams and agents. It reads every Form C on SEC EDGAR each morning, and this page is that reading. Ask for your own cut (a portal, a state, a size, a revenue range) and new raises arrive in your sheet, CRM, Slack or agent as they land.
- Website
- easternmarket.beer
- Funding portal
- MainVest, Inc.
- Address
- 4779 FIVE MILE RD, Ann Arbor, MI 48105
- Legal form
- Limited Liability Company
- Jurisdiction
- MI
- Incorporated
- February 8, 2016
- SEC CIK
- 0001951360
Offering terms
From the amendment filed December 19, 2022.
- Security
- Common Stock
- Price
- $1.00
- Target
- $250,000
- Maximum
- $1,235,000
- Deadline
- January 15, 2023
- Portal compensation
- MainVest will be paid Four and one half (4.5) Percent of the amount of the Offering raised by "In-Network Users" of the Platform plus Nine (9) Percent of the amount of the Offering raised by all other investors.
Financials
From the Form C-U filed January 20, 2023.
| Most recent fiscal year | Prior fiscal year | Source | |
|---|---|---|---|
| Revenue | $3,480,774 | $2,458,610 | sec.gov |
| Cost of goods sold | $1,164,349 | $954,532 | sec.gov |
| Net income | $-243,217 | $-313,680 | sec.gov |
| Taxes paid | $0 | $0 | sec.gov |
| Total assets | $2,196,323 | $1,262,423 | sec.gov |
| Cash | $172,783 | $104,596 | sec.gov |
| Accounts receivable | $0 | $0 | sec.gov |
| Short-term debt | $197,910 | $92,365 | sec.gov |
| Long-term debt | $143,011 | $148,651 | sec.gov |
Filings
| Filed | Filing | Target | Maximum | Deadline | Note | Source |
|---|---|---|---|---|---|---|
| January 20, 2023 | Progress update | $250,000 | $1,235,000 | January 15, 2023 | At the close of the offering, the issuer closed on $1,235,000. The funds are currently being processed. The actual amount may be lower. | sec.gov |
| December 19, 2022 | Amendment | $250,000 | $1,235,000 | January 15, 2023 | Issuer is amending the maximum offering amount. Issuer is also extending the deadline to make an investment | sec.gov |
| December 2, 2022 | Amendment | $250,000 | $1,000,000 | December 31, 2022 | Issuer is adding an Operating Agreement. | sec.gov |
| November 25, 2022 | Amendment | $250,000 | $1,000,000 | December 31, 2022 | Intermediary is correcting a typographical error in the subscription agreement. | sec.gov |
| November 23, 2022 | Offering | $250,000 | $1,000,000 | December 31, 2022 | sec.gov |
Updated January 20, 2023. 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.