Data / Crowdfunding / New Media, Inc.
New Media, Inc.: crowdfunding raise on UFP, LLC, $100,000 to $1,000,000 (2016)
New Media, Inc., a company, filed a Form C with the SEC on November 4, 2016 to raise $100,000 to $1,000,000 in common stock through UFP, LLC. The offering closed on December 23, 2016. In its most recent fiscal year it reported $0 in revenue and $0 in net income, with 3 employees.
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- Website
- www.new-media-inc.com
- Funding portal
- UFP, LLC
- SEC CIK
- 0001685501
Offering terms
From the amendment filed November 4, 2016.
- Security
- Common Stock
- Price
- $0.02
- Target
- $100,000
- Maximum
- $1,000,000
- Deadline
- December 23, 2016
- Portal compensation
- 5% of funds raised
Financials
From the Form C/A filed November 4, 2016.
| Most recent fiscal year | Prior fiscal year | Source | |
|---|---|---|---|
| Revenue | $0 | $0 | sec.gov |
| Cost of goods sold | $0 | $0 | sec.gov |
| Net income | $0 | $0 | 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 8, 2016 | Withdrawal | Not listed | Not listed | sec.gov | ||
| November 4, 2016 | Amendment | $100,000 | $1,000,000 | December 23, 2016 | (1) Adjusted the valuation down from $5M to $2M based on the average revenue over three years. (2) Uploaded: (i) certificate of incorporation and (ii) screenshots on the funding portal. | sec.gov |
| October 19, 2016 | Amendment | $100,000 | $1,000,000 | December 23, 2016 | Adjusted the company's valuation down from $5 million to $2 million. The adjustment is made by using the average revenue over three years. | sec.gov |
| October 19, 2016 | Amendment | $100,000 | $1,000,000 | December 23, 2016 | Adjusted the company's valuation down from $5 million to $2 million. The adjustment is made by using the average revenue over three years if the maximum level of funds is raised. | sec.gov |
| October 19, 2016 | Amendment | $100,000 | $1,000,000 | December 23, 2016 | Adjusted the company's valuation down from $5 million to $2 million. The adjustment is done by using the average value of the average revenue over three years and the profit for the third year if the maximum level of funds is raised. | sec.gov |
| September 26, 2016 | Offering | $100,000 | $1,000,000 | December 23, 2016 | sec.gov |
Updated November 8, 2016. 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.