Data / Crowdfunding / Utah / Foreland Refining Corp
Foreland Refining Corp: crowdfunding raise on PicMii Crowdfunding LLC, $10,000 to $1,235,000 (2025)
Foreland Refining Corp, a corporation in Woods Cross, UT, filed a Form C with the SEC on September 11, 2025 to raise $10,000 to $1,235,000 in Series A 10% Redeemable Preferred Stock through PicMii Crowdfunding LLC. The offering closed on November 30, 2025. In its most recent fiscal year it reported $23,364,188 in revenue and a net loss of $6,908,688, with 20 employees.
SpecStream is the live web data engine for teams and agents. It reads every Form C on SEC EDGAR each morning, and this page is that reading. Ask for your own cut (a portal, a state, a size, a revenue range) and new raises arrive in your sheet, CRM, Slack or agent as they land.
- Website
- forelandrefinery.skyquarry.com
- Funding portal
- PicMii Crowdfunding LLC
- Address
- 707 W. 700 S. SUITE 101, Woods Cross, UT 84087
- Legal form
- Corporation
- Jurisdiction
- TX
- Incorporated
- May 29, 1998
- SEC CIK
- 0002068524
Offering terms
From the amendment filed September 11, 2025.
- Security
- Series A 10% Redeemable Preferred Stock
- Price
- $100.00
- Target
- $10,000
- Maximum
- $1,235,000
- Deadline
- November 30, 2025
- Portal compensation
- Intermediary will receive 4.9% of the funding amount raised from $0-$500k, 4.0% of the funds raised from $500k-$1M, and 3.5% of the funds raised from $1M+. Intermediary will also receive a $1,500 listing payment.
Financials
From the Form C/A filed September 11, 2025.
| Most recent fiscal year | Prior fiscal year | Source | |
|---|---|---|---|
| Revenue | $23,364,188 | $50,731,283 | sec.gov |
| Cost of goods sold | $24,900,957 | $48,551,025 | sec.gov |
| Net income | $-6,908,688 | $-515,811 | sec.gov |
| Taxes paid | $0 | $0 | sec.gov |
| Total assets | $14,750,555 | $18,389,502 | sec.gov |
| Cash | $8,377 | $2,808 | sec.gov |
| Accounts receivable | $1,123,897 | $3,517,469 | sec.gov |
| Short-term debt | $9,388,693 | $11,383,474 | sec.gov |
| Long-term debt | $8,258,345 | $2,993,823 | sec.gov |
Filings
| Filed | Filing | Target | Maximum | Deadline | Note | Source |
|---|---|---|---|---|---|---|
| September 11, 2025 | Amendment | $10,000 | $1,235,000 | November 30, 2025 | The issuer is extending their offering until November 30th, 2025. | sec.gov |
| August 29, 2025 | Amendment | $10,000 | $1,235,000 | September 30, 2025 | David Sealock has resigned from the position as CEO and Darryl Delwo has resigned from his position as CFO. | sec.gov |
| August 29, 2025 | Amendment | $10,000 | $1,235,000 | September 30, 2025 | David Sealock has resigned from the position as CEO and Darryl Delwo has resigned from his position as CFO. | sec.gov |
| June 24, 2025 | Offering | $10,000 | $1,235,000 | September 30, 2025 | sec.gov |
Updated September 11, 2025. 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.