Data / Crowdfunding / New York / Malcolm X Brothers, Inc.
Malcolm X Brothers, Inc.: crowdfunding raise on MainVest, Inc., $75,000 to $124,000 (2022)
Malcolm X Brothers, Inc., a corporation in Brooklyn, NY, filed a Form C with the SEC on October 5, 2022 to raise $75,000 to $124,000 in debt through MainVest, Inc.. The offering closed on December 9, 2022. In its most recent fiscal year it reported $6,761 in revenue and a net loss of $10,490, with 4 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
- www.instagram.com/dickandjanes
- Funding portal
- MainVest, Inc.
- Address
- 417 MYRTLE AVE # 7, Brooklyn, NY 11205
- Legal form
- Corporation
- Jurisdiction
- NY
- Incorporated
- May 1, 2021
- SEC CIK
- 0001868285
Offering terms
From the offering filed October 5, 2022.
- Security
- Debt
- Price
- $1.00
- Target
- $75,000
- Maximum
- $124,000
- Deadline
- December 9, 2022
- Portal compensation
- MainVest will be paid Four and one half (4.5) Percent of the amount of the Offering raised by "In-Network Users" of the Platform plus Nine (9) Percent of the amount of the Offering raised by all other investors.
Financials
From the Form C-U filed December 12, 2022.
| Most recent fiscal year | Prior fiscal year | Source | |
|---|---|---|---|
| Revenue | $6,761 | $0 | sec.gov |
| Cost of goods sold | $2,443 | $0 | sec.gov |
| Net income | $-10,490 | $0 | sec.gov |
| Taxes paid | $0 | $0 | sec.gov |
| Total assets | $82,212 | $0 | sec.gov |
| Cash | $17,732 | $0 | sec.gov |
| Accounts receivable | $0 | $0 | sec.gov |
| Short-term debt | $0 | $0 | sec.gov |
| Long-term debt | $86,856 | $0 | sec.gov |
Filings
| Filed | Filing | Target | Maximum | Deadline | Note | Source |
|---|---|---|---|---|---|---|
| December 12, 2022 | Progress update | $75,000 | $124,000 | December 9, 2022 | At the close of the offering, the issuer closed on $80,300. The funds are currently being processed. The actual amount may be lower. | sec.gov |
| October 5, 2022 | Offering | $75,000 | $124,000 | December 9, 2022 | sec.gov | |
| August 19, 2021 | Progress update | $40,000 | $107,000 | August 16, 2021 | At the close of the offering, the issuer closed on $92,400. The funds are currently being processed. The actual amount may be lower. | sec.gov |
| June 17, 2021 | Offering | $40,000 | $107,000 | August 16, 2021 | sec.gov |
Updated December 12, 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.