Data / Crowdfunding / Michigan / Ferndale Project LLC
Ferndale Project LLC: crowdfunding raise on MainVest, Inc., $50,000 to $250,000 (2020)
Ferndale Project LLC, a limited liability company in Ferndale, MI, filed a Form C with the SEC on November 2, 2020 to raise $50,000 to $250,000 in debt through MainVest, Inc.. The offering closed on December 31, 2020. In its most recent fiscal year it reported $0 in revenue and $0 in net income, with 50 employees.
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- Website
- www.ferndaleproject.com
- Funding portal
- MainVest, Inc.
- Address
- 567 LIVERNOIS ST, Ferndale, MI 48220
- Legal form
- Limited Liability Company
- Jurisdiction
- MI
- Incorporated
- September 5, 2019
- SEC CIK
- 0001830080
Offering terms
From the amendment filed November 2, 2020.
- Security
- Debt
- Price
- $1.00
- Target
- $50,000
- Maximum
- $250,000
- Deadline
- December 31, 2020
- 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 January 4, 2021.
| 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 |
|---|---|---|---|---|---|---|
| January 4, 2021 | Progress update | $50,000 | $250,000 | December 31, 2020 | At the close of the offering, the issuer closed on $250,000. The funds are currently being processed. The actual amount may be lower. | sec.gov |
| November 2, 2020 | Amendment | $50,000 | $250,000 | December 31, 2020 | Issuer is amending the deadline to make an investment. Issuer is also amending Appendix B for accuracy. | sec.gov |
| November 2, 2020 | Offering | $50,000 | $250,000 | October 30, 2020 | sec.gov |
Updated January 4, 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.