Data / Crowdfunding / Colorado / MedChain, Inc.
MedChain, Inc.: crowdfunding raise on StartEngine Capital, LLC, $10,000 to $1,070,000 (2018)
MedChain, Inc., a corporation in Castle Rock, CO, filed a Form C with the SEC on April 11, 2018 to raise $10,000 to $1,070,000 in Common Stock with SAFT through StartEngine Capital, LLC. The offering closed on April 30, 2018. In its most recent fiscal year it reported $0 in revenue and $507,902 in net income, with 2 employees.
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- Website
- med-chain.co
- Funding portal
- StartEngine Capital, LLC
- Address
- 1175 Castle Pointe Drive, Castle Rock, CO 80104
- Legal form
- Corporation
- Jurisdiction
- DE
- Incorporated
- October 16, 2017
- SEC CIK
- 0001726640
Offering terms
From the amendment filed April 11, 2018.
- Security
- Common Stock with SAFT
- Price
- $2.00
- Target
- $10,000
- Maximum
- $1,070,000
- Deadline
- April 30, 2018
- Portal compensation
- 6 percent
Financials
From the Form C-AR filed April 30, 2019.
| Most recent fiscal year | Prior fiscal year | Source | |
|---|---|---|---|
| Revenue | $0 | $0 | sec.gov |
| Cost of goods sold | $507,902 | $0 | sec.gov |
| Net income | $507,902 | $0 | sec.gov |
| Taxes paid | $0 | $0 | sec.gov |
| Total assets | $44,934 | $0 | sec.gov |
| Cash | $44,934 | $0 | sec.gov |
| Accounts receivable | $0 | $0 | sec.gov |
| Short-term debt | $166,247 | $11,491 | sec.gov |
| Long-term debt | $47,527 | $14,718 | sec.gov |
Filings
| Filed | Filing | Target | Maximum | Deadline | Note | Source |
|---|---|---|---|---|---|---|
| April 30, 2019 | Annual report | Not listed | Not listed | sec.gov | ||
| May 1, 2018 | Progress update | $10,000 | $1,070,000 | April 30, 2018 | At the close of the offering, the amount closed on is $467,396.00 and 235,078 securities sold, final amount subject to change pending final receipt of committed investments. | sec.gov |
| April 11, 2018 | Amendment | $10,000 | $1,070,000 | April 30, 2018 | The issuer is extending their offering. | sec.gov |
| February 28, 2018 | Amendment | $10,000 | $1,070,000 | April 13, 2018 | The issuer is extending their offering and updating their irregular use of proceeds. | sec.gov |
| December 29, 2017 | Offering | $10,000 | $1,070,000 | February 28, 2018 | sec.gov |
Updated April 30, 2019. 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.