Data / Crowdfunding / Wisconsin / American Provenance II, Inc.
American Provenance II, Inc.: crowdfunding raise on OpenDeal Portal LLC, $25,000 to $1,070,000 (2021)
American Provenance II, Inc., a corporation in Mount Horeb, WI, filed a Form C with the SEC on June 9, 2021 to raise $25,000 to $1,070,000 in Crowd SAFE (Simple Agreement for Future Equity) through OpenDeal Portal LLC. The offering closed on October 5, 2021. In its most recent fiscal year it reported $544,042 in revenue and a net loss of $628,098, with 9 employees.
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- Website
- www.americanprovenance.com
- Funding portal
- OpenDeal Portal LLC
- Address
- 2585 State Road 92 Suite 2, Mount Horeb, WI 53572
- Legal form
- Corporation
- Jurisdiction
- WI
- Incorporated
- May 22, 2018
- SEC CIK
- 0001797422
Offering terms
From the offering filed June 9, 2021.
- Security
- Crowd SAFE (Simple Agreement for Future Equity)
- Price
- $1.00
- Target
- $25,000
- Maximum
- $1,070,000
- Deadline
- October 5, 2021
- Portal compensation
- At the conclusion of the offering, the issuer shall pay a fee of six percent (6%) of the amount raised in the offering to the Intermediary.
Financials
From the Form C-AR filed April 29, 2022.
| Most recent fiscal year | Prior fiscal year | Source | |
|---|---|---|---|
| Revenue | $544,042 | $723,356 | sec.gov |
| Cost of goods sold | $423,882 | $417,213 | sec.gov |
| Net income | $-628,098 | $-697,290 | sec.gov |
| Taxes paid | $0 | $0 | sec.gov |
| Total assets | $589,171 | $262,995 | sec.gov |
| Cash | $355,363 | $4,879 | sec.gov |
| Accounts receivable | $58,734 | $43,941 | sec.gov |
| Short-term debt | $218,277 | $377,957 | sec.gov |
| Long-term debt | $1,311,591 | $885,211 | sec.gov |
Filings
| Filed | Filing | Target | Maximum | Deadline | Note | Source |
|---|---|---|---|---|---|---|
| April 29, 2022 | Annual report | Not listed | Not listed | sec.gov | ||
| October 6, 2021 | Progress update | $25,000 | $1,070,000 | October 5, 2021 | The Offering closed successfully on 10/06/2021, having received investment commitments of $112,601.00, although a final accounting has not taken place. | sec.gov |
| June 9, 2021 | Offering | $25,000 | $1,070,000 | October 5, 2021 | sec.gov |
Updated April 29, 2022. 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.