Data / Crowdfunding / North Dakota / 701 Ops, Inc.
701 Ops, Inc.: crowdfunding raise on MainVest, Inc., $250,000 to $1,000,000 (2021)
701 Ops, Inc., a corporation in Fargo, ND, filed a Form C with the SEC on May 12, 2021 to raise $250,000 to $1,000,000 in debt through MainVest, Inc.. The offering closed on August 19, 2021. In its most recent fiscal year it reported $0 in revenue and $0 in net income, with 5 employees.
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- Website
- brewrestaurants.com
- Funding portal
- MainVest, Inc.
- Address
- 824 8TH ST S, Fargo, ND 58103
- Legal form
- Corporation
- Jurisdiction
- ND
- Incorporated
- August 28, 2018
- SEC CIK
- 0001845906
Offering terms
From the amendment filed May 12, 2021.
- Security
- Debt
- Price
- $1.00
- Target
- $250,000
- Maximum
- $1,000,000
- Deadline
- August 19, 2021
- Portal compensation
- MainVest will be paid 5% of total amount raised from investors who have invested in at least one previous offering & 3% of the total amount raised from all other investors, upon the successful completion. Mainvest will not be paid for an unsuccessful raise
Financials
From the Form C-U filed August 20, 2021.
| 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 |
|---|---|---|---|---|---|---|
| August 20, 2021 | Progress update | $250,000 | $1,000,000 | August 19, 2021 | At the close of the offering, the issuer closed on $372,700. The funds are currently being processed. The actual amount may be lower. | sec.gov |
| May 12, 2021 | Amendment | $250,000 | $1,000,000 | August 19, 2021 | Issuer is extending deadline to invest. | sec.gov |
| March 1, 2021 | Amendment | $250,000 | $1,000,000 | May 19, 2021 | Intermediary is correcting a typographical error in Section I of the offering memorandum. Editing to match Compensation correctly described in the original filing. | sec.gov |
| February 26, 2021 | Offering | $250,000 | $1,000,000 | May 19, 2021 | sec.gov |
Updated August 20, 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.