Data / Crowdfunding / Minnesota / Paul Koenig
Paul Koenig: crowdfunding raise on Wefunder Portal LLC, $50,000 to $600,000 (2020)
Paul Koenig, a limited liability company in Minneapolis, MN, filed a Form C with the SEC on December 16, 2020 to raise $50,000 to $600,000 in preferred stock through Wefunder Portal LLC. The offering closed on April 8, 2021. In its most recent fiscal year it reported $0 in revenue and $0 in net income.
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- Website
- www.viroment.com
- Funding portal
- Wefunder Portal LLC
- Address
- 200 South Sixth Street Suite 4000, Minneapolis, MN 55402
- Legal form
- Limited Liability Company
- Jurisdiction
- DE
- Incorporated
- October 30, 2020
- SEC CIK
- 0001804281
Offering terms
From the offering filed December 16, 2020.
- Security
- Preferred Stock
- Price
- $1.00
- Target
- $50,000
- Maximum
- $600,000
- Deadline
- April 8, 2021
- Portal compensation
- <p>6.75% 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.</p>
Financials
From the Form C-AR filed July 10, 2023.
| 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 | $467,645 | $469,035 | sec.gov |
| Cash | $229,248 | $10,638 | sec.gov |
| Accounts receivable | $177,591 | $387,591 | sec.gov |
| Short-term debt | $487,765 | $469,035 | sec.gov |
| Long-term debt | $0 | $0 | sec.gov |
Filings
| Filed | Filing | Target | Maximum | Deadline | Note | Source |
|---|---|---|---|---|---|---|
| July 10, 2023 | Annual report | Not listed | Not listed | sec.gov | ||
| August 23, 2021 | Progress update | $50,000 | $1,000,000 | October 30, 2020 | Viroment Capital, LLC sold $441,450 in promissory notes. | sec.gov |
| December 16, 2020 | Offering | $50,000 | $600,000 | April 8, 2021 | sec.gov | |
| December 15, 2020 | Progress update | $50,000 | $1,000,000 | October 30, 2020 | The final number is $440,950.00 in investments. | sec.gov |
| July 14, 2020 | Amendment | $50,000 | $1,000,000 | August 17, 2020 | Increasing interest rate from 10% to 17%. | sec.gov |
| April 13, 2020 | Offering | $50,000 | $1,000,000 | August 17, 2020 | sec.gov | |
| February 28, 2020 | Amendment | $250,000 | $750,000 | July 1, 2020 | Correction to coversheet. "Silicon Prairie Online may reinvest a portion of its fee in the securities being offered in this offering" corrected to "Silicon Prairie Online may receive a portion of its fee in the securities being offered in this offering". | sec.gov |
| February 26, 2020 | Offering | $250,000 | $750,000 | July 1, 2020 | sec.gov |
Updated July 10, 2023. 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.