Data / Crowdfunding / Maryland / Manta Biofuel, Inc.
Manta Biofuel, Inc.: crowdfunding raise on StartEngine Capital, LLC, $14,998 to $750,000 (2023)
Manta Biofuel, Inc., a corporation in Owings Mills, MD, filed a Form C with the SEC on August 22, 2023 to raise $14,998 to $750,000 in Series Seed-1 Preferred Stock through StartEngine Capital, LLC. The offering closed on September 20, 2023. In its most recent fiscal year it reported $14,160 in revenue and a net loss of $894,923, with 5 employees.
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- Website
- www.mantabiofuel.com
- Funding portal
- StartEngine Capital, LLC
- Address
- 11438 CRONRIDGE DR SUITE E SUITE E, Owings Mills, MD 21117
- Legal form
- Corporation
- Jurisdiction
- DE
- Incorporated
- June 25, 2018
- SEC CIK
- 0001826436
Offering terms
From the amendment filed August 22, 2023.
- Security
- Series Seed-1 Preferred Stock
- Price
- $2.10
- Target
- $14,998
- Maximum
- $750,000
- Deadline
- September 20, 2023
- Portal compensation
- up to 9% percent
Financials
From the Form C-U filed October 2, 2023.
| Most recent fiscal year | Prior fiscal year | Source | |
|---|---|---|---|
| Revenue | $14,160 | $0 | sec.gov |
| Cost of goods sold | $0 | $0 | sec.gov |
| Net income | $-894,923 | $-1,096,114 | sec.gov |
| Taxes paid | $0 | $0 | sec.gov |
| Total assets | $474,988 | $1,197,817 | sec.gov |
| Cash | $251,259 | $1,077,424 | sec.gov |
| Accounts receivable | $0 | $0 | sec.gov |
| Short-term debt | $844,334 | $446,995 | sec.gov |
| Long-term debt | $124,754 | $350,000 | sec.gov |
Filings
| Filed | Filing | Target | Maximum | Deadline | Note | Source |
|---|---|---|---|---|---|---|
| March 11, 2024 | Termination of reporting | Not listed | Not listed | sec.gov | ||
| October 2, 2023 | Progress update | $14,998 | $750,000 | September 20, 2023 | At the close of the offering, the issuer closed on $411,644.44 and 241,691 number of securities. | sec.gov |
| August 22, 2023 | Amendment | $14,998 | $750,000 | September 20, 2023 | Issuer is extending their end date, increasing minimum investment amount, and lowering the offering maximum | sec.gov |
| June 30, 2023 | Amendment | $14,998 | $1,299,998 | September 4, 2023 | Issuer is extending their end date | sec.gov |
| April 27, 2023 | Amendment | $14,998 | $1,299,998 | July 6, 2023 | Issuer is extending their end date and updating their financials | sec.gov |
| April 26, 2023 | Annual report | Not listed | Not listed | sec.gov | ||
| March 10, 2023 | Offering | $14,998 | $1,299,998 | April 30, 2023 | sec.gov | |
| April 27, 2022 | Annual report | Not listed | Not listed | sec.gov | ||
| July 21, 2021 | Progress update | $25,000 | $1,070,000 | July 15, 2021 | The Offering closed successfully on 7/16/2021, having received investment commitments of 1,880,938.05, although a final accounting has not taken place. | sec.gov |
| April 28, 2021 | Amendment | $25,000 | $1,070,000 | July 15, 2021 | Company is extending its campaign from April 30, 2021 up to and including July 15, 2021, increasing the amount of its offering, disclosing an increase in employee head count, providing audited financials, and disclosing three new investments. | sec.gov |
| February 8, 2021 | Amendment | $25,000 | $1,070,000 | April 30, 2021 | The issuer has extended the offering deadline to April 30, 2021. | sec.gov |
| February 5, 2021 | Amendment | $25,000 | $1,070,000 | February 5, 2021 | The issuer has extended the offering deadline to March 14, 2021. | sec.gov |
| November 3, 2020 | Offering | $25,000 | $1,070,000 | February 5, 2021 | sec.gov |
Updated March 11, 2024. 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.