Data / Crowdfunding / Louisiana / Beast Brands, Inc.
Beast Brands, Inc.: crowdfunding raise on DEALMAKER SECURITIES LLC, $100,000 to $1,070,000 (2023)
Beast Brands, Inc., a corporation in Ruston, LA, filed a Form C with the SEC on January 31, 2023 to raise $100,000 to $1,070,000 in common stock through DEALMAKER SECURITIES LLC. The offering closed on April 30, 2023. In its most recent fiscal year it reported $2,523,196 in revenue and a net loss of $1,769,133.
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- Website
- www.getbeast.com
- Funding portal
- DEALMAKER SECURITIES LLC
- Address
- 305 VIENNA ST., Ruston, LA 71720
- Legal form
- Corporation
- Jurisdiction
- DE
- Incorporated
- April 1, 2019
- SEC CIK
- 0001773290
Offering terms
From the amendment filed January 31, 2023.
- Security
- Common Stock
- Price
- $14.33
- Target
- $100,000
- Maximum
- $1,070,000
- Deadline
- April 30, 2023
- Portal compensation
- DealMaker Securities LLC will receive a 3% commission based on the dollar amount of the securities sold. The issuer paid a one-time $15,000 service fee, a $2,000 monthly maintenance fee, and must reimburse certain expenses related to the Offering.
Financials
From the Form C-U filed May 5, 2023.
| Most recent fiscal year | Prior fiscal year | Source | |
|---|---|---|---|
| Revenue | $2,523,196 | $2,525,517 | sec.gov |
| Cost of goods sold | $2,103,514 | $2,228,628 | sec.gov |
| Net income | $-1,769,133 | $-3,005,645 | sec.gov |
| Taxes paid | $0 | $0 | sec.gov |
| Total assets | $1,959,172 | $1,582,226 | sec.gov |
| Cash | $730,369 | $1,050,264 | sec.gov |
| Accounts receivable | $123,261 | $69,216 | sec.gov |
| Short-term debt | $398,265 | $0 | sec.gov |
| Long-term debt | $641,298 | $434,110 | sec.gov |
Filings
| Filed | Filing | Target | Maximum | Deadline | Note | Source |
|---|---|---|---|---|---|---|
| May 5, 2023 | Termination of reporting | Not listed | Not listed | sec.gov | ||
| May 5, 2023 | Progress update | $100,000 | $1,070,000 | April 30, 2023 | The company has ended its offering under Regulation Crowdfunding, raising approximately $211,000 through its co-issuer, Beast CF Investors SPV, LLC. | sec.gov |
| May 2, 2023 | Annual report | Not listed | Not listed | sec.gov | ||
| January 31, 2023 | Amendment | $100,000 | $1,070,000 | April 30, 2023 | To extend the Target Offering Date to April 30 and update the Company's management | sec.gov |
| September 30, 2022 | Offering | $300,000 | $1,070,000 | January 31, 2023 | sec.gov | |
| September 6, 2019 | Offering | $25,000 | $1,000,000 | November 15, 2019 | sec.gov |
Updated May 5, 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.