Data / Crowdfunding / Texas / Big Thicket Distilling Co LLC
Big Thicket Distilling Co LLC: crowdfunding raise on MainVest, Inc., $31,800 to $250,000 (2021)
Big Thicket Distilling Co LLC, a limited liability company in Atascocita, TX, filed a Form C with the SEC on March 29, 2021 to raise $31,800 to $250,000 in debt through MainVest, Inc.. The offering closed on April 21, 2021. In its most recent fiscal year it reported $50,043 in revenue and a net loss of $24,984, with 1 employees.
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- Website
- www.oldhumbledistilling.com
- Funding portal
- MainVest, Inc.
- Address
- 19103 CONTINENTAL PKWY STE C, Atascocita, TX 77346
- Legal form
- Limited Liability Company
- Jurisdiction
- TX
- Incorporated
- January 28, 2013
- SEC CIK
- 0001832043
Offering terms
From the amendment filed March 29, 2021.
- Security
- Debt
- Price
- $1.00
- Target
- $31,800
- Maximum
- $250,000
- Deadline
- April 21, 2021
- Portal compensation
- MainVest will be paid 6.0% of the final offering amount, upon the successful completion of the offering. MainVest does not receive compensation if the offering does not succeed.
Financials
From the Form C-U filed April 22, 2021.
| Most recent fiscal year | Prior fiscal year | Source | |
|---|---|---|---|
| Revenue | $50,043 | $57,869 | sec.gov |
| Cost of goods sold | $13,970 | $18,279 | sec.gov |
| Net income | $-24,984 | $-19,403 | sec.gov |
| Taxes paid | $375 | $4,026 | sec.gov |
| Total assets | $81,984 | $18,407 | sec.gov |
| Cash | $25,540 | $5,050 | sec.gov |
| Accounts receivable | $34,638 | $5,518 | sec.gov |
| Short-term debt | $26,000 | $26,000 | sec.gov |
| Long-term debt | $0 | $0 | sec.gov |
Filings
| Filed | Filing | Target | Maximum | Deadline | Note | Source |
|---|---|---|---|---|---|---|
| April 22, 2021 | Progress update | $31,800 | $250,000 | April 21, 2021 | At the close of the offering, the issuer closed on $57,300. The funds are currently being processed. The actual amount may be lower. | sec.gov |
| March 29, 2021 | Amendment | $31,800 | $250,000 | April 21, 2021 | Issuer is lowering target offering amount. Issuer is extending deadline. Issuer is amending revenue share percentage and use of funds. | sec.gov |
| January 26, 2021 | Amendment | $50,000 | $250,000 | April 7, 2021 | Intermediary is amending the previous C/A filing to include COVID Relief language. | sec.gov |
| January 26, 2021 | Amendment | $50,000 | $250,000 | April 7, 2021 | Issuer is extending the deadline to invest. Issuer is lowering the target offering amount. Issuer is amending use of funds and revenue share percentage to correspond with new target offering amount. | sec.gov |
| December 4, 2020 | Offering | $100,000 | $250,000 | February 17, 2021 | sec.gov |
Updated April 22, 2021. 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.