Data / Crowdfunding / New Jersey / Nitro Beverage Inc.
Nitro Beverage Inc.: crowdfunding raise on StartEngine Capital, LLC, $9,999 to $1,234,999 (2023)
Nitro Beverage Inc., a corporation in Asbury Park, NJ, filed a Form C with the SEC on March 14, 2023 to raise $9,999 to $1,234,999 in Series Seed-2 Preferred Stock through StartEngine Capital, LLC. The offering closed on April 17, 2023. In its most recent fiscal year it reported $814,900 in revenue and a net loss of $1,073,409, with 5 employees.
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- Website
- drinknitro.com
- Funding portal
- StartEngine Capital, LLC
- Address
- 1311 MEMORIAL DR., Asbury Park, NJ 07712
- Legal form
- Corporation
- Jurisdiction
- DE
- Incorporated
- August 19, 2016
- SEC CIK
- 0001858433
Offering terms
From the amendment filed March 14, 2023.
- Security
- Series Seed-2 Preferred Stock
- Price
- $0.07
- Target
- $9,999
- Maximum
- $1,234,999
- Deadline
- April 17, 2023
- Portal compensation
- up to 9% percent
Financials
From the Form C-U filed April 18, 2023.
| Most recent fiscal year | Prior fiscal year | Source | |
|---|---|---|---|
| Revenue | $814,900 | $656,247 | sec.gov |
| Cost of goods sold | $663,353 | $568,441 | sec.gov |
| Net income | $-1,073,409 | $-216,370 | sec.gov |
| Taxes paid | $0 | $0 | sec.gov |
| Total assets | $196,831 | $240,963 | sec.gov |
| Cash | $39,428 | $138,402 | sec.gov |
| Accounts receivable | $51,526 | $46,050 | sec.gov |
| Short-term debt | $52,838 | $330,214 | sec.gov |
| Long-term debt | $62,417 | $334,558 | sec.gov |
Filings
| Filed | Filing | Target | Maximum | Deadline | Note | Source |
|---|---|---|---|---|---|---|
| November 6, 2024 | Termination of reporting | Not listed | Not listed | sec.gov | ||
| April 18, 2023 | Progress update | $9,999 | $1,234,999 | April 17, 2023 | At the close of the offering, the issuer closed on $154,630.28 and 2,617,049 number of securities. | sec.gov |
| April 18, 2023 | Annual report | Not listed | Not listed | sec.gov | ||
| March 14, 2023 | Amendment | $9,999 | $1,234,999 | April 17, 2023 | Nitro updated the page | sec.gov |
| February 10, 2023 | Amendment | $9,999 | $1,234,999 | April 17, 2023 | Issuer is extending campaign end date | sec.gov |
| January 10, 2023 | Amendment | $9,999 | $1,234,999 | February 15, 2023 | Issuer is extending campaign end date | sec.gov |
| November 17, 2022 | Offering | $9,999 | $1,234,999 | January 16, 2023 | sec.gov |
Updated November 6, 2024. 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.