Data / Crowdfunding / Tennessee / Asgard Brewing
Asgard Brewing: crowdfunding raise on Wefunder Portal LLC, $250,000 to $500,000 (2019)
Asgard Brewing, a corporation in Columbia, TN, filed a Form C with the SEC on February 21, 2019 to raise $250,000 to $500,000 in debt through Wefunder Portal LLC. The offering closed on April 15, 2019. In its most recent fiscal year it reported $427,365 in revenue and a net loss of $174,433, with 10 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.asgardbrewery.com
- Funding portal
- Wefunder Portal LLC
- Address
- 104 East 5th Street, Columbia, TN 38401
- Legal form
- Corporation
- Jurisdiction
- DE
- Incorporated
- September 21, 2016
- SEC CIK
- 0001748338
Offering terms
From the amendment filed February 21, 2019.
- Security
- Debt
- Price
- $1.00
- Target
- $250,000
- Maximum
- $500,000
- Deadline
- April 15, 2019
- Portal compensation
- 5.0% 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/A filed February 21, 2019.
| Most recent fiscal year | Prior fiscal year | Source | |
|---|---|---|---|
| Revenue | $427,365 | $77,491 | sec.gov |
| Cost of goods sold | $193,877 | $35,332 | sec.gov |
| Net income | $-174,433 | $-112,398 | sec.gov |
| Taxes paid | $5,481 | $8,223 | sec.gov |
| Total assets | $459,858 | $374,924 | sec.gov |
| Cash | $6,869 | $27,700 | sec.gov |
| Accounts receivable | $0 | $0 | sec.gov |
| Short-term debt | $244,142 | $148,103 | sec.gov |
| Long-term debt | $481,274 | $317,946 | sec.gov |
Filings
| Filed | Filing | Target | Maximum | Deadline | Note | Source |
|---|---|---|---|---|---|---|
| February 21, 2019 | Amendment | $250,000 | $500,000 | April 15, 2019 | Removed CFO officer (retired); Lowered campaign minimum to $250k; Lowered campaign minimum to $500k; Added new related party relationship; Updated close date | sec.gov |
| September 4, 2018 | Offering | $500,000 | $1,000,000 | February 22, 2019 | sec.gov |
Updated February 21, 2019. 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.