Data / Crowdfunding / Rhode Island / New Majority Capital Management LLC
New Majority Capital Management LLC: crowdfunding raise on Wefunder Portal LLC, $50,000 to $1,070,000 (2022)
New Majority Capital Management LLC, a limited liability company in Providence, RI, filed a Form C with the SEC on May 23, 2022 to raise $50,000 to $1,070,000 in preferred stock through Wefunder Portal LLC. The offering closed on April 30, 2023. In its most recent fiscal year it reported $507,489 in revenue and a net loss of $475,406, with 6 employees.
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- Website
- newmajoritycapital.com
- Funding portal
- Wefunder Portal LLC
- Address
- 225 Dyer Street, Providence, RI 02903
- Legal form
- Limited Liability Company
- Jurisdiction
- DE
- Incorporated
- January 24, 2022
- SEC CIK
- 0001925886
Offering terms
From the offering filed May 23, 2022.
- Security
- Preferred Stock
- Price
- $1,000.00
- Target
- $50,000
- Maximum
- $1,070,000
- Deadline
- April 30, 2023
- Portal compensation
- 7.5% of the offering amount upon a successful fundraise, and be entitled to reimbursement for out-of-pocket third party expenses it pays or incurs on behalf of the Issuer in connection with the offering.
Financials
From the Form C-AR filed March 11, 2025.
| Most recent fiscal year | Prior fiscal year | Source | |
|---|---|---|---|
| Revenue | $507,489 | $838,324 | sec.gov |
| Cost of goods sold | $0 | $0 | sec.gov |
| Net income | $-475,406 | $141,280 | sec.gov |
| Taxes paid | $0 | $0 | sec.gov |
| Total assets | $886,683 | $1,314,026 | sec.gov |
| Cash | $211,303 | $485,958 | sec.gov |
| Accounts receivable | $51,000 | $430,000 | sec.gov |
| Short-term debt | $0 | $0 | sec.gov |
| Long-term debt | $125,799 | $150,000 | sec.gov |
Filings
| Filed | Filing | Target | Maximum | Deadline | Note | Source |
|---|---|---|---|---|---|---|
| March 11, 2025 | Annual report | Not listed | Not listed | sec.gov | ||
| May 23, 2022 | Offering | $50,000 | $1,070,000 | April 30, 2023 | sec.gov |
Updated March 11, 2025. 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.