Data / Crowdfunding / Michigan / American Brewers Inc.
American Brewers Inc.: crowdfunding raise on MainVest, Inc., $50,000 to $250,000 (2021)
American Brewers Inc., a corporation in Kalamazoo, MI, filed a Form C with the SEC on March 15, 2021 to raise $50,000 to $250,000 in debt through MainVest, Inc.. The offering closed on July 21, 2021. In its most recent fiscal year it reported $30,219 in revenue and a net loss of $47,009, with 4 employees.
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- Website
- norsenectar.com
- Funding portal
- MainVest, Inc.
- Address
- 3408 MILLER RD, Kalamazoo, MI 49001
- Legal form
- Corporation
- Jurisdiction
- MI
- Incorporated
- November 19, 2012
- SEC CIK
- 0001840137
Offering terms
From the amendment filed March 15, 2021.
- Security
- Debt
- Price
- $1.00
- Target
- $50,000
- Maximum
- $250,000
- Deadline
- July 21, 2021
- Portal compensation
- MainVest will be paid 6.0% of the final offering amount, upon the successful completion of the offering. MainVest does not receive compensation if the offering does not succeed.
Financials
From the Form C-U filed July 22, 2021.
| Most recent fiscal year | Prior fiscal year | Source | |
|---|---|---|---|
| Revenue | $30,219 | $43,372 | sec.gov |
| Cost of goods sold | $23,396 | $54,297 | sec.gov |
| Net income | $-47,009 | $594 | sec.gov |
| Taxes paid | $0 | $0 | sec.gov |
| Total assets | $134,939 | $149,953 | sec.gov |
| Cash | $9,086 | $18,389 | 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 22, 2021 | Progress update | $50,000 | $250,000 | July 21, 2021 | At the close of the offering, the issuer closed on $54,400. The funds are currently being processed. The actual amount may be lower. | sec.gov |
| March 15, 2021 | Amendment | $50,000 | $250,000 | July 21, 2021 | Issuer is extending the deadline to invest. Issuer is lowering the target offering amount. Issuer is amending the revenue share percentage and use of funds to correspond with new target offering amount. | sec.gov |
| January 29, 2021 | Offering | $175,000 | $250,000 | April 21, 2021 | sec.gov |
Updated July 22, 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.