Data / Crowdfunding / California / New River Solar, LLC
New River Solar, LLC: crowdfunding raise on ANDES CAPITAL GROUP, LLC, $50,000 to $1,681,000 (2023)
New River Solar, LLC, a limited liability company in Pasadena, CA, filed a Form C with the SEC on October 24, 2023 to raise $50,000 to $1,681,000 in Units of membership interests in the Crowdfunding Vehicle (the "Crowdfunding Units") representing Class B Units of membership interest of the Project Company (the "Project Company Units") (together, the "Units"). through ANDES CAPITAL GROUP, LLC. The offering closed on March 31, 2024. In its most recent fiscal year it reported $0 in revenue and $0 in net income, with 2 employees.
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- Website
- solariant.com
- Funding portal
- ANDES CAPITAL GROUP, LLC
- Address
- 301 N. Lake Avenue Suite 950, Pasadena, CA 91101
- Legal form
- Limited Liability Company
- Jurisdiction
- FL
- Incorporated
- May 27, 2021
- SEC CIK
- 0001980120
Offering terms
From the amendment filed October 24, 2023.
- Security
- Units of membership interests in the Crowdfunding Vehicle (the "Crowdfunding Units") representing Class B Units of membership interest of the Project Company (the "Project Company Units") (together, the "Units").
- Price
- $1.00
- Target
- $50,000
- Maximum
- $1,681,000
- Deadline
- March 31, 2024
- Portal compensation
- The Intermediary will receive a commission equal to two and a half percent (2.5%) of the amount raised in the Offering.
Financials
From the Form C-AR filed April 30, 2024.
| 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 | $160,674 | $184,970 | sec.gov |
| Cash | $93 | $0 | sec.gov |
| Accounts receivable | $140 | $0 | sec.gov |
| Short-term debt | $1,264,831 | $747,219 | sec.gov |
| Long-term debt | $0 | $0 | sec.gov |
Filings
| Filed | Filing | Target | Maximum | Deadline | Note | Source |
|---|---|---|---|---|---|---|
| May 1, 2025 | Termination of reporting | Not listed | Not listed | sec.gov | ||
| April 30, 2024 | Annual report | Not listed | Not listed | sec.gov | ||
| April 30, 2024 | Progress update | $50,000 | $1,681,000 | March 31, 2024 | We are filing this Progress Update to update the final investment figures reported in our Form C-U dated April 3, 2024. Correcting for non-transmitted investment funds, we sold 60,535 Units and 12,107 bonus Units for gross proceeds of $60,535. | sec.gov |
| April 3, 2024 | Progress update | $50,000 | $1,681,000 | March 31, 2024 | The offering ended on March 31, 2024. The total amount sold in the offering was 70,535 units plus an additional 14,107 bonus units, for gross proceeds of $70,535. | sec.gov |
| October 24, 2023 | Amendment | $50,000 | $1,681,000 | March 31, 2024 | Form C/A: Amendment to Offering Statement | sec.gov |
| July 27, 2023 | Offering | $50,000 | $1,681,000 | October 31, 2023 | sec.gov |
Updated May 1, 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.