Data / Crowdfunding / Virginia / Ironclad Distillery, Inc.
Ironclad Distillery, Inc.: crowdfunding raise on MICROVENTURE MARKETPLACE INC., $50,008 to $534,992 (2019)
Ironclad Distillery, Inc., a corporation in Newport News, VA, filed a Form C with the SEC on April 9, 2019 to raise $50,008 to $534,992 in preferred stock through MICROVENTURE MARKETPLACE INC.. The offering closed on April 22, 2019. In its most recent fiscal year it reported $462,191 in revenue and $1,679 in net income, with 3 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
- ironcladdistillery.com
- Funding portal
- MICROVENTURE MARKETPLACE INC.
- Address
- 124 23rd St., Newport News, VA 23607
- Legal form
- Corporation
- Jurisdiction
- VA
- Incorporated
- May 22, 2014
- SEC CIK
- 0001708142
Offering terms
From the amendment filed April 9, 2019.
- Security
- Preferred Stock
- Price
- $9.29
- Target
- $50,008
- Maximum
- $534,992
- Deadline
- April 22, 2019
- Portal compensation
- The issuer will not owe a cash commission, or any other direct or indirect interest in the issuer or other form of compensation, to the intermediary at the conclusion of the Offering.
Financials
From the Form C-AR filed May 1, 2020.
| Most recent fiscal year | Prior fiscal year | Source | |
|---|---|---|---|
| Revenue | $462,191 | $264,591 | sec.gov |
| Cost of goods sold | $97,184 | $95,074 | sec.gov |
| Net income | $1,679 | $-49,108 | sec.gov |
| Taxes paid | $0 | $0 | sec.gov |
| Total assets | $838,952 | $624,444 | sec.gov |
| Cash | $16,537 | $21,863 | sec.gov |
| Accounts receivable | $15,485 | $17,833 | sec.gov |
| Short-term debt | $34,004 | $70,036 | sec.gov |
| Long-term debt | $32,881 | $44,745 | sec.gov |
Filings
| Filed | Filing | Target | Maximum | Deadline | Note | Source |
|---|---|---|---|---|---|---|
| May 1, 2020 | Annual report | Not listed | Not listed | sec.gov | ||
| April 29, 2019 | Progress update | $50,008 | $534,992 | April 22, 2019 | Offering is closed and has raised $235,046. Investments still being received; final figure not yet determined. | sec.gov |
| April 9, 2019 | Amendment | $50,008 | $534,992 | April 22, 2019 | Add webinar transcript (Exhibit G to Form C) | sec.gov |
| March 4, 2019 | Amendment | $50,008 | $534,992 | April 22, 2019 | Add additional perks (listed in Exhibit B of Form C) | sec.gov |
| February 13, 2019 | Amendment | $50,008 | $534,992 | April 22, 2019 | Correct the name of the Escrow Agent. | sec.gov |
| February 12, 2019 | Amendment | $50,008 | $534,992 | April 22, 2019 | To correct the perk related to the Offering as detailed in the Company Summary (attached as Exhibit B) and Subscription Agreement (attached as Exhibit D). | sec.gov |
| February 12, 2019 | Offering | $50,008 | $534,992 | April 22, 2019 | sec.gov | |
| February 12, 2019 | Annual report | Not listed | Not listed | sec.gov | ||
| April 19, 2018 | Progress update | $50,011 | $450,008 | August 22, 2017 | The issuer has raised $450,008 through their Equity Crowdfunding. All payments were received. As of April 2018, the Tasting Room is completed, the new distillery equipment has been installed and is in the process of commissioning. | sec.gov |
| September 5, 2017 | Progress update | $50,011 | $450,008 | August 28, 2017 | $450.008 in investments. Payments are still being processed; final number is yet to be determined. | sec.gov |
| July 28, 2017 | Amendment | $50,011 | $450,008 | August 28, 2017 | Updated the Offering Statement to reflect Form C data and added webinar transcript. | sec.gov |
| July 10, 2017 | Amendment | $50,011 | $450,008 | August 22, 2017 | The maximum investment amount was corrected to $450,008 on page 4. | sec.gov |
| July 7, 2017 | Amendment | $50,011 | $400,008 | August 22, 2017 | Updated proxy to reflect Virginia as the state of incorporation. | sec.gov |
| June 30, 2017 | Offering | $50,011 | $400,008 | August 22, 2017 | sec.gov |
Updated May 1, 2020. 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.