Data / Crowdfunding / Georgia / DEBELLATION BREWING CO.
DEBELLATION BREWING CO.: crowdfunding raise on MainVest, Inc., $20,000 to $25,000 (2023)
DEBELLATION BREWING CO., a corporation in Richmond Hill, GA, filed a Form C with the SEC on November 13, 2023 to raise $20,000 to $25,000 in debt through MainVest, Inc.. The offering closed on December 15, 2023. In its most recent fiscal year it reported $538,940 in revenue and $20,613 in net income, with 2 employees.
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- Website
- www.debellationbrewing.com
- Funding portal
- MainVest, Inc.
- Address
- 822 LONGWOOD DR, Richmond Hill, GA 31324
- Legal form
- Corporation
- Jurisdiction
- GA
- Incorporated
- April 28, 2019
- SEC CIK
- 0001822697
Offering terms
From the offering filed November 13, 2023.
- Security
- Debt
- Price
- $1.00
- Target
- $20,000
- Maximum
- $25,000
- Deadline
- December 15, 2023
- 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-AR filed May 6, 2024.
| Most recent fiscal year | Prior fiscal year | Source | |
|---|---|---|---|
| Revenue | $538,940 | $267,116 | sec.gov |
| Cost of goods sold | $133,705 | $37,371 | sec.gov |
| Net income | $20,613 | $-34,506 | sec.gov |
| Taxes paid | $0 | $0 | sec.gov |
| Total assets | $335,912 | $367,928 | sec.gov |
| Cash | $2,486 | $6,487 | sec.gov |
| Accounts receivable | $0 | $0 | sec.gov |
| Short-term debt | $0 | $46,493 | sec.gov |
| Long-term debt | $204,413 | $227,227 | sec.gov |
Filings
| Filed | Filing | Target | Maximum | Deadline | Note | Source |
|---|---|---|---|---|---|---|
| May 6, 2024 | Annual report | Not listed | Not listed | sec.gov | ||
| December 21, 2023 | Progress update | $20,000 | $25,000 | December 15, 2023 | At the close of the offering, the issuer closed on $24,500. The funds are currently being processed. The actual amount may be lower. | sec.gov |
| November 13, 2023 | Offering | $20,000 | $25,000 | December 15, 2023 | sec.gov | |
| October 11, 2023 | Progress update | $20,000 | $25,000 | November 10, 2023 | At the close of the offering, the issuer closed on $25,000. The funds are currently being processed. The actual amount may be lower. | sec.gov |
| September 13, 2023 | Offering | $20,000 | $25,000 | November 10, 2023 | sec.gov | |
| May 30, 2023 | Progress update | $25,000 | $35,000 | May 27, 2023 | At the close of the offering, the issuer closed on $35,000. The funds are currently being processed. The actual amount may be lower. | sec.gov |
| March 24, 2023 | Offering | $25,000 | $35,000 | May 27, 2023 | sec.gov | |
| April 12, 2021 | Progress update | $10,000 | $20,000 | April 9, 2021 | At the close of the offering, the issuer closed on $13,700. The funds are currently being processed. The actual amount may be lower. | sec.gov |
| March 11, 2021 | Amendment | $10,000 | $20,000 | April 9, 2021 | Issuer is correcting the end date to April 9th, 2021. | sec.gov |
| March 10, 2021 | Offering | $10,000 | $20,000 | May 12, 2021 | sec.gov | |
| February 26, 2021 | Progress update | $15,000 | $30,000 | February 24, 2021 | 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 |
| February 11, 2021 | Amendment | $15,000 | $30,000 | February 24, 2021 | Issuer is raising the maximum offering amount to $30,000. Issuer is adjusting use of funds and revenue share percentage to correspond with new maximum. | sec.gov |
| January 26, 2021 | Offering | $15,000 | $20,000 | February 24, 2021 | sec.gov | |
| January 21, 2021 | Progress update | $15,000 | $45,000 | January 15, 2021 | At the close of the offering, the issuer closed on $36,600. The funds are currently being processed. The actual amount may be lower. | sec.gov |
| December 11, 2020 | Amendment | $15,000 | $45,000 | January 15, 2021 | Issuer is extending the deadline to make an investment. Issuer is also amending the terms of the note agreement. | sec.gov |
| November 19, 2020 | Offering | $15,000 | $25,000 | December 18, 2020 | sec.gov | |
| November 12, 2020 | Progress update | $50,000 | $120,000 | November 11, 2020 | At the close of the offering, the issuer closed on $67,700. The funds are currently being processed. The actual amount may be lower. | sec.gov |
| November 3, 2020 | Amendment | $50,000 | $120,000 | November 11, 2020 | Issuer is extending the deadline to make an investment. | sec.gov |
| August 31, 2020 | Offering | $50,000 | $120,000 | November 4, 2020 | sec.gov |
Updated May 6, 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.