Data / Crowdfunding / Massachusetts / Merrimack Ales, LLC
Merrimack Ales, LLC: crowdfunding raise on MainVest, Inc., $30,000 to $107,000 (2019)
Merrimack Ales, LLC, a limited liability company in Westford, MA, filed a Form C with the SEC on September 23, 2019 to raise $30,000 to $107,000 in debt through MainVest, Inc.. The offering closed on November 6, 2019. In its most recent fiscal year it reported $168,312 in revenue and a net loss of $71,952, with 3 employees.
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- Website
- merrimackales.com
- Funding portal
- MainVest, Inc.
- Address
- 61 TENNEY RD, Westford, MA 01886
- Legal form
- Limited Liability Company
- Jurisdiction
- MA
- Incorporated
- January 16, 2014
- SEC CIK
- 0001783007
Offering terms
From the amendment filed September 23, 2019.
- Security
- Debt
- Price
- $1.00
- Target
- $30,000
- Maximum
- $107,000
- Deadline
- November 6, 2019
- Portal compensation
- MainVest will be paid 6.0% of the final offering amount, upon the successful completion of the offering. MainVest does not receive compensation if the offering does not succeed.
Financials
From the Form C-U filed November 7, 2019.
| Most recent fiscal year | Prior fiscal year | Source | |
|---|---|---|---|
| Revenue | $168,312 | $94,662 | sec.gov |
| Cost of goods sold | $40,135 | $17,988 | sec.gov |
| Net income | $-71,952 | $-112,888 | sec.gov |
| Taxes paid | $0 | $0 | sec.gov |
| Total assets | $0 | $0 | sec.gov |
| Cash | $0 | $0 | sec.gov |
| Accounts receivable | $0 | $0 | sec.gov |
| Short-term debt | $0 | $0 | sec.gov |
| Long-term debt | $0 | $0 | sec.gov |
Filings
| Filed | Filing | Target | Maximum | Deadline | Note | Source |
|---|---|---|---|---|---|---|
| November 7, 2019 | Progress update | $30,000 | $107,000 | November 6, 2019 | At the close of the offering, the issuer closed on $69,400. The funds are currently being processed. The actual amount may be lower. | sec.gov |
| September 23, 2019 | Amendment | $30,000 | $107,000 | November 6, 2019 | Issuer is making the following changes: (1) extending the deadline to 11/6/2019, (2) lowering the target amount to $30,000, adjusting the (3) use of capital and the (4) revenue percentage share to align with the revised target amount. | sec.gov |
| July 23, 2019 | Offering | $60,000 | $107,000 | September 24, 2019 | sec.gov |
Updated November 7, 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.