Data / Crowdfunding / Oregon / Arable Brewing Co LLC
Arable Brewing Co LLC: crowdfunding raise on OpenDeal Portal LLC, $45,000 to $190,000 (2022)
Arable Brewing Co LLC, a limited liability company in Eugene, OR, filed a Form C with the SEC on September 19, 2022 to raise $45,000 to $190,000 in Crowd Revenue Note through OpenDeal Portal LLC. The offering closed on September 30, 2022. In its most recent fiscal year it reported $24 in revenue and a net loss of $36,166, with 3 employees.
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- Website
- www.arablebeercompany.com
- Funding portal
- OpenDeal Portal LLC
- Address
- 1338 ANDERSEN LN, Eugene, OR 97404
- Legal form
- Limited Liability Company
- Jurisdiction
- OR
- Incorporated
- May 5, 2020
- SEC CIK
- 0001928129
Offering terms
From the amendment filed September 19, 2022.
- Security
- Crowd Revenue Note
- Price
- $1.00
- Target
- $45,000
- Maximum
- $190,000
- Deadline
- September 30, 2022
- 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 24, 2023.
| Most recent fiscal year | Prior fiscal year | Source | |
|---|---|---|---|
| Revenue | $24 | $1,044 | sec.gov |
| Cost of goods sold | $36,190 | $834 | sec.gov |
| Net income | $-36,166 | $210 | sec.gov |
| Taxes paid | $0 | $0 | sec.gov |
| Total assets | $71,798 | $210 | sec.gov |
| Cash | $65,142 | $210 | sec.gov |
| Accounts receivable | $0 | $0 | sec.gov |
| Short-term debt | $0 | $0 | sec.gov |
| Long-term debt | $-32,747 | $0 | sec.gov |
Filings
| Filed | Filing | Target | Maximum | Deadline | Note | Source |
|---|---|---|---|---|---|---|
| April 24, 2023 | Annual report | Not listed | Not listed | sec.gov | ||
| October 3, 2022 | Progress update | $45,000 | $190,000 | September 30, 2022 | The Offering closed successfully on 10/1/2022, having received investment commitments of $69,680, although a final accounting has not taken place. | sec.gov |
| September 19, 2022 | Amendment | $45,000 | $190,000 | September 30, 2022 | This material amendment is filed to; lower the Target Offering Amount $45,000, amend the Crowd Revenue Note Purchase Agreement to lower the Minimum Offering Amount to $45,000 and extend the Offering Deadline to September 30, 2022. | sec.gov |
| July 28, 2022 | Amendment | $90,000 | $190,000 | September 30, 2022 | This material amendment is filed to 1) extend the Offering Deadline from July 31, 2022 to September 30, 2022 and 2) lower the Target Offering Amount from $150,000 to $90,000. | sec.gov |
| May 18, 2022 | Offering | $150,000 | $190,000 | July 31, 2022 | sec.gov |
Updated April 24, 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.