Data / Crowdfunding / Montana / Pacific Northwest Rural Broadband Alliance, Ltd.
Pacific Northwest Rural Broadband Alliance, Ltd.: crowdfunding raise on MiTec, PBC, $100,000 to $1,070,000 (2021)
Pacific Northwest Rural Broadband Alliance, Ltd., a corporation in Missoula, MT, filed a Form C with the SEC on December 22, 2021 to raise $100,000 to $1,070,000 in debt through MiTec, PBC. The offering closed on April 30, 2022. In its most recent fiscal year it reported $16,292 in revenue and $5,102 in net income, with 3 employees.
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- Website
- nwbroadbandalliance.org
- Funding portal
- MiTec, PBC
- Address
- 1538 DEFOE STREET, Missoula, MT 59802
- Legal form
- Corporation
- Jurisdiction
- DE
- Incorporated
- May 12, 2020
- SEC CIK
- 0001885073
Offering terms
From the amendment filed December 22, 2021.
- Security
- Debt
- Target
- $100,000
- Maximum
- $1,070,000
- Deadline
- April 30, 2022
- Portal compensation
- 6% of proceeds distributed to the issuer plus third-party escrow fees.
Financials
From the Form C-U filed June 16, 2022.
| Most recent fiscal year | Prior fiscal year | Source | |
|---|---|---|---|
| Revenue | $16,292 | $0 | sec.gov |
| Cost of goods sold | $0 | $0 | sec.gov |
| Net income | $5,102 | $0 | sec.gov |
| Taxes paid | $0 | $0 | sec.gov |
| Total assets | $11,819 | $0 | sec.gov |
| Cash | $4,891 | $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 |
|---|---|---|---|---|---|---|
| June 16, 2022 | Progress update | $100,000 | $1,070,000 | April 30, 2022 | The issuer failed to meet the minimum target amount in the offering. All funds committed by investors have been refunded. | sec.gov |
| December 22, 2021 | Amendment | $100,000 | $1,070,000 | April 30, 2022 | Updated for a new offering deadline on 4/30/22. | sec.gov |
| September 28, 2021 | Offering | $100,000 | $1,070,000 | December 31, 2021 | sec.gov |
Updated June 16, 2022. 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.