Data / Crowdfunding / New York / AVEC Drinks Co
AVEC Drinks Co: crowdfunding raise on OpenDeal Portal LLC, $25,000 to $1,235,000 (2023)
AVEC Drinks Co, a corporation in Brooklyn, NY, filed a Form C with the SEC on May 18, 2023 to raise $25,000 to $1,235,000 in Crowd SAFE (Simple Agreement for Future Equity) through OpenDeal Portal LLC. The offering closed on August 1, 2023. In its most recent fiscal year it reported $913,390 in revenue and a net loss of $819,852, with 3 employees.
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- Website
- www.avecdrinks.com
- Funding portal
- OpenDeal Portal LLC
- Address
- 184 KENT AVENUE, Brooklyn, NY 11249
- Legal form
- Corporation
- Jurisdiction
- DE
- Incorporated
- April 22, 2023
- SEC CIK
- 0001965000
Offering terms
From the offering filed May 18, 2023.
- Security
- Crowd SAFE (Simple Agreement for Future Equity)
- Price
- $1.00
- Target
- $25,000
- Maximum
- $1,235,000
- Deadline
- August 1, 2023
- Portal compensation
- At the conclusion of the Offering, the Issuer shall pay the Intermediary a fee of six percent (6%) of the dollar amount raised in the Offering.
Financials
From the Form C-U filed August 8, 2023.
| Most recent fiscal year | Prior fiscal year | Source | |
|---|---|---|---|
| Revenue | $913,390 | $595,347 | sec.gov |
| Cost of goods sold | $513,896 | $293,586 | sec.gov |
| Net income | $-819,852 | $-508,965 | sec.gov |
| Taxes paid | $0 | $0 | sec.gov |
| Total assets | $1,048,826 | $1,009,584 | sec.gov |
| Cash | $586,588 | $664,568 | sec.gov |
| Accounts receivable | $95,490 | $69,498 | sec.gov |
| Short-term debt | $172,677 | $56,799 | sec.gov |
| Long-term debt | $2,257,128 | $1,513,912 | sec.gov |
Filings
| Filed | Filing | Target | Maximum | Deadline | Note | Source |
|---|---|---|---|---|---|---|
| August 8, 2023 | Progress update | $25,000 | $1,235,000 | August 1, 2023 | The Offering closed successfully on 8/2/2023, having received investment commitments of $54,580, although a final accounting has not taken place. | sec.gov |
| May 18, 2023 | Offering | $25,000 | $1,235,000 | August 1, 2023 | sec.gov |
Updated August 8, 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.