Data / Crowdfunding / Massachusetts / MAINVEST HOLDINGS CORP.
MAINVEST HOLDINGS CORP.: crowdfunding raise on OpenDeal Portal LLC, $25,000 to $1,235,000 (2022)
MAINVEST HOLDINGS CORP., a corporation in Salem, MA, filed a Form C with the SEC on December 23, 2022 to raise $25,000 to $1,235,000 in Crowd SAFE (Simple Agreement for Future Equity) through OpenDeal Portal LLC. The offering closed on January 2, 2023. In its most recent fiscal year it reported $497,978 in revenue and a net loss of $2,081,237, with 10 employees.
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- Website
- mainvest.com
- Funding portal
- OpenDeal Portal LLC
- Address
- 81 WASHINGTON STREET, SUITE 201, Salem, MA 01970
- Legal form
- Corporation
- Jurisdiction
- DE
- Incorporated
- March 19, 2018
- SEC CIK
- 0001785840
Offering terms
From the amendment filed December 23, 2022.
- Security
- Crowd SAFE (Simple Agreement for Future Equity)
- Price
- $1.00
- Target
- $25,000
- Maximum
- $1,235,000
- Deadline
- January 2, 2023
- Portal compensation
- At the conclusion of the offering, the issuer shall pay a fee of two percent (2%) of the amount raised in the offering to the Intermediary.
Financials
From the Form C-AR filed April 27, 2023.
| Most recent fiscal year | Prior fiscal year | Source | |
|---|---|---|---|
| Revenue | $497,978 | $367,805 | sec.gov |
| Cost of goods sold | $381,185 | $350,496 | sec.gov |
| Net income | $-2,081,237 | $-2,541,662 | sec.gov |
| Taxes paid | $0 | $0 | sec.gov |
| Total assets | $419,782 | $1,831,973 | sec.gov |
| Cash | $353,205 | $1,789,235 | sec.gov |
| Accounts receivable | $42,336 | $23,154 | sec.gov |
| Short-term debt | $85,519 | $45,851 | sec.gov |
| Long-term debt | $94,543 | $94,543 | sec.gov |
Filings
| Filed | Filing | Target | Maximum | Deadline | Note | Source |
|---|---|---|---|---|---|---|
| April 27, 2023 | Annual report | Not listed | Not listed | sec.gov | ||
| January 5, 2023 | Progress update | $25,000 | $1,235,000 | January 2, 2023 | The Offering closed successfully on 1/3/2023, having received investment commitments of $386,795, although a final accounting has not taken place. | sec.gov |
| December 23, 2022 | Amendment | $25,000 | $1,235,000 | January 2, 2023 | Issuer is submitting a transcript of a recent State of Mainvest presentation. | sec.gov |
| November 14, 2022 | Amendment | $25,000 | $1,235,000 | January 2, 2023 | Issuer is correcting a typographical error on the offering memorandum. | sec.gov |
| November 3, 2022 | Offering | $25,000 | $1,235,000 | January 2, 2023 | sec.gov |
Also on SpecStream
Updated April 27, 2023. 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.