Data / Crowdfunding / Texas / 5th Element Brewing, LLC
5th Element Brewing, LLC: crowdfunding raise on MainVest, Inc., $40,000 to $124,000 (2023)
5th Element Brewing, LLC, a limited liability company in Leander, TX, filed a Form C with the SEC on May 3, 2023 to raise $40,000 to $124,000 in debt through MainVest, Inc.. The offering closed on July 7, 2023. In its most recent fiscal year it reported $0 in revenue and $0 in net income, with 6 employees.
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- Website
- www.facebook.com/5thelementbrewing
- Funding portal
- MainVest, Inc.
- Address
- 100 E EVANS ST, Leander, TX 78641
- Legal form
- Limited Liability Company
- Jurisdiction
- TX
- Incorporated
- April 27, 2017
- SEC CIK
- 0001881218
Offering terms
From the offering filed May 3, 2023.
- Security
- Debt
- Price
- $1.00
- Target
- $40,000
- Maximum
- $124,000
- Deadline
- July 7, 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 July 11, 2023.
| Most recent fiscal year | Prior fiscal year | Source | |
|---|---|---|---|
| Revenue | $0 | $0 | sec.gov |
| Cost of goods sold | $0 | $0 | sec.gov |
| Net income | $0 | $0 | sec.gov |
| Taxes paid | $0 | $0 | sec.gov |
| Total assets | $0 | $0 | sec.gov |
| Cash | $0 | $0 | sec.gov |
| Accounts receivable | $0 | $0 | sec.gov |
| Short-term debt | $0 | $0 | sec.gov |
| Long-term debt | $0 | $0 | sec.gov |
Filings
| Filed | Filing | Target | Maximum | Deadline | Note | Source |
|---|---|---|---|---|---|---|
| July 11, 2023 | Progress update | $40,000 | $124,000 | July 7, 2023 | At the close of the offering, the issuer closed on $43,900. The funds are currently being processed. The actual amount may be lower. | sec.gov |
| May 3, 2023 | Offering | $40,000 | $124,000 | July 7, 2023 | sec.gov | |
| January 13, 2022 | Progress update | $20,000 | $120,000 | January 12, 2022 | At the close of the offering, the issuer closed on $76,500. The funds are currently being processed. The actual amount may be lower. | sec.gov |
| November 24, 2021 | Amendment | $20,000 | $120,000 | January 12, 2022 | Issuer is extending the deadline to make an investment. Issuer is increasing the offering maximum. Issuer is increasing the revenue share percentage and use of funds to correspond with new offering maximum. | sec.gov |
| September 17, 2021 | Offering | $20,000 | $60,000 | November 26, 2021 | sec.gov |
Updated July 11, 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.