Data / Crowdfunding / Ohio / Advancing Eco Agriculture, Inc.
Advancing Eco Agriculture, Inc.: crowdfunding raise on Wefunder Portal LLC, $50,044 to $2,499,973 (2024)
Advancing Eco Agriculture, Inc., a corporation in Middlefield, OH, filed a Form C with the SEC on January 23, 2024 to raise $50,044 to $2,499,973 in preferred stock through Wefunder Portal LLC. The offering closed on April 29, 2024. In its most recent fiscal year it reported $18,045,410 in revenue and a net loss of $1,143,679, with 70 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
- www.advancingecoag.com
- Funding portal
- Wefunder Portal LLC
- Address
- 4551 Parks West Road, Middlefield, OH 44062
- Legal form
- Corporation
- Jurisdiction
- DE
- Incorporated
- October 15, 2008
- SEC CIK
- 0001992912
Offering terms
From the amendment filed January 23, 2024.
- Security
- Preferred Stock
- Price
- $181.50
- Target
- $50,044
- Maximum
- $2,499,973
- Deadline
- April 29, 2024
- Portal compensation
- 6.5% 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-AR filed April 30, 2024.
| Most recent fiscal year | Prior fiscal year | Source | |
|---|---|---|---|
| Revenue | $18,045,410 | $18,655,429 | sec.gov |
| Cost of goods sold | $8,948,007 | $8,416,357 | sec.gov |
| Net income | $-1,143,679 | $1,504,081 | sec.gov |
| Taxes paid | $120,261 | $0 | sec.gov |
| Total assets | $18,610,760 | $14,328,659 | sec.gov |
| Cash | $438,251 | $1,908,314 | sec.gov |
| Accounts receivable | $1,843,403 | $1,389,052 | sec.gov |
| Short-term debt | $4,199,510 | $172,084 | sec.gov |
| Long-term debt | $1,114,178 | $1,182,577 | sec.gov |
Filings
| Filed | Filing | Target | Maximum | Deadline | Note | Source |
|---|---|---|---|---|---|---|
| April 30, 2024 | Annual report | Not listed | Not listed | sec.gov | ||
| January 23, 2024 | Amendment | $50,044 | $2,499,973 | April 29, 2024 | Named Eric Girdler as CEO, Jason Hobson as President, Elizabeth Matthews as Chief Sales and Marketing Officer. Made updates to Runway and Short/Mid Term Expenses and updated loan balances. Added two new loans and one additional warrant transaction. | sec.gov |
| December 11, 2023 | Amendment | $50,044 | $2,499,973 | April 29, 2024 | Updating Subscription Agreement to include mention of Regulation D | sec.gov |
| October 13, 2023 | Amendment | $50,044 | $2,499,973 | April 29, 2024 | Adding audited financial statements, increasing the maximum to $2.5M | sec.gov |
| September 22, 2023 | Offering | $50,044 | $1,234,918 | April 29, 2024 | sec.gov |
Also on SpecStream
Updated April 30, 2024. 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.