Data / Crowdfunding / Texas / Bay Area Brewing Co, LLC
Bay Area Brewing Co, LLC: crowdfunding raise on MainVest, Inc., $30,000 to $60,000 (2024)
Bay Area Brewing Co, LLC, a limited liability company in Rockport, TX, filed a Form C with the SEC on January 19, 2024 to raise $30,000 to $60,000 in debt through MainVest, Inc.. The offering closed on February 20, 2024. In its most recent fiscal year it reported $0 in revenue and $0 in net income, with 2 employees.
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- Website
- www.bayareabrewingco.com
- Funding portal
- MainVest, Inc.
- Address
- 101 WINDCREST LN, Rockport, TX 78382
- Legal form
- Limited Liability Company
- Jurisdiction
- TX
- Incorporated
- March 8, 2022
- SEC CIK
- 0002001001
Offering terms
From the amendment filed January 19, 2024.
- Security
- Debt
- Price
- $1.00
- Target
- $30,000
- Maximum
- $60,000
- Deadline
- February 20, 2024
- Portal compensation
- MainVest will be paid Four and one half (4.5) Percent of the amount of the Offering raised by "In-Network Users" of the Platform plus Nine (9) Percent of the amount of the Offering raised by all other investors.
Financials
From the Form C-U filed February 21, 2024.
| Most recent fiscal year | Prior fiscal year | Source | |
|---|---|---|---|
| Revenue | $0 | $0 | sec.gov |
| Cost of goods sold | $0 | $0 | sec.gov |
| Net income | $0 | $0 | sec.gov |
| Taxes paid | $0 | $0 | sec.gov |
| Total assets | $0 | $0 | sec.gov |
| Cash | $0 | $0 | 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 |
|---|---|---|---|---|---|---|
| February 21, 2024 | Progress update | $30,000 | $60,000 | February 20, 2024 | At the close of the offering, the issuer closed on $30,000. The funds are currently being processed. The actual amount may be lower. | sec.gov |
| January 19, 2024 | Amendment | $30,000 | $60,000 | February 20, 2024 | Issuer is amending the target and maximum investment amount. Issuer is also amending the use of funds and terms of the note agreement. Lastly, Issuer is extending the deadline to make an investment. | sec.gov |
| November 16, 2023 | Offering | $150,000 | $350,000 | January 26, 2024 | sec.gov |
Updated February 21, 2024. 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.