Data / Crowdfunding / New York / Project M Group LLC
Project M Group LLC: crowdfunding raise on Wefunder Portal LLC, $49,978 to $1,069,993 (2021)
Project M Group LLC, a limited liability company in New York, NY, filed a Form C with the SEC on January 22, 2021 to raise $49,978 to $1,069,993 in common stock through Wefunder Portal LLC. The offering closed on March 18, 2021. In its most recent fiscal year it reported $922,745 in revenue and a net loss of $1,186,497, with 26 employees.
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- Website
- www.revolvermag.com
- Funding portal
- Wefunder Portal LLC
- Address
- 150 W 22nd St, Ground Fl, New York, NY 10011
- Legal form
- Limited Liability Company
- Jurisdiction
- DE
- Incorporated
- November 17, 2016
- SEC CIK
- 0001811146
Offering terms
From the amendment filed January 22, 2021.
- Security
- Common Stock
- Price
- $24.19
- Target
- $49,978
- Maximum
- $1,069,993
- Deadline
- March 18, 2021
- Portal compensation
- 7.5% 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.
Financials
From the Form C/A filed January 22, 2021.
| Most recent fiscal year | Prior fiscal year | Source | |
|---|---|---|---|
| Revenue | $922,745 | $742,220 | sec.gov |
| Cost of goods sold | $654,329 | $671,143 | sec.gov |
| Net income | $-1,186,497 | $-2,021,563 | sec.gov |
| Taxes paid | $50,762 | $62,693 | sec.gov |
| Total assets | $684,572 | $715,727 | sec.gov |
| Cash | $60,313 | $47,239 | sec.gov |
| Accounts receivable | $78,721 | $119,592 | sec.gov |
| Short-term debt | $609,967 | $194,625 | sec.gov |
| Long-term debt | $5,337,073 | $4,597,073 | sec.gov |
Filings
| Filed | Filing | Target | Maximum | Deadline | Note | Source |
|---|---|---|---|---|---|---|
| January 22, 2021 | Amendment | $49,978 | $1,069,993 | March 18, 2021 | Updating price per share, cap table, and principal owners. | sec.gov |
| December 3, 2020 | Offering | $49,978 | $1,069,993 | March 18, 2021 | sec.gov |
Updated January 22, 2021. 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.