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Data / Crowdfunding / New York / Grove Biomedical LLC

Grove Biomedical LLC: crowdfunding raise on StartEngine Capital, LLC, $9,996 to $617,994 (2022)

Grove Biomedical LLC, a limited liability company in Katonah, NY, filed a Form C with the SEC on December 29, 2022 to raise $9,996 to $617,994 in Class CF Common Units through StartEngine Capital, LLC. The offering closed on March 29, 2023. In its most recent fiscal year it reported $74,052 in revenue and a net loss of $846,793, with 2 employees.

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Website
onecanopy.com
Funding portal
StartEngine Capital, LLC
Address
282 Katonah Avenue #537, Katonah, NY 10536
Legal form
Limited Liability Company
Jurisdiction
NY
Incorporated
April 24, 2020
SEC CIK
0001823771

Offering terms

From the offering filed December 29, 2022.

Security
Class CF Common Units
Price
$5.56
Target
$9,996
Maximum
$617,994
Deadline
March 29, 2023
Portal compensation
up to 9% percent

Financials

From the Form C filed December 29, 2022.

Most recent fiscal yearPrior fiscal yearSource
Revenue$74,052$0sec.gov
Cost of goods sold$36,263$0sec.gov
Net income$-846,793$-522,685sec.gov
Taxes paid$0$0sec.gov
Total assets$630,267$289,694sec.gov
Cash$211,630$126,035sec.gov
Accounts receivable$4,662$0sec.gov
Short-term debt$50,891$190,813sec.gov
Long-term debt$1,101,875$296,566sec.gov

Filings

FiledFilingTargetMaximumDeadlineNoteSource
December 29, 2022Offering$9,996$617,994March 29, 2023sec.gov
May 23, 2022Termination of reportingNot listedNot listedsec.gov
May 23, 2022Annual reportNot listedNot listedsec.gov
July 1, 2021Progress update$25,003$1,069,995June 30, 2021The Offering closed successfully on 07.01.2021, having received investment commitments of $330,114.84, although a final accounting has not taken place.sec.gov
April 30, 2021Amendment$25,003$1,069,995June 30, 2021Issuer is extending the length of its campaign by 60 days and adding 2020 financials.sec.gov
April 29, 2021Amendment$25,003$1,069,995June 30, 2021Issuer is extending the length of its campaign by 60 days and adding 2020 financials.sec.gov
December 23, 2020Amendment$25,003$1,069,995April 30, 2021Company is correcting a typo on the security instrumentsec.gov
December 17, 2020Offering$25,003$1,069,995April 30, 2021sec.gov

All filings on sec.gov

Updated December 29, 2022. 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.