Data / Crowdfunding / Illinois / Recovering Bro Inc.
Recovering Bro Inc.: crowdfunding raise on NetCapital Funding Portal Inc., $10,000 to $999,999 (2023)
Recovering Bro Inc., a corporation in Chicago, IL, filed a Form C with the SEC on October 2, 2023 to raise $10,000 to $999,999 in common stock through NetCapital Funding Portal Inc.. The offering closed on December 4, 2023. In its most recent fiscal year it reported $41,233 in revenue and a net loss of $138,880, with 8 employees.
SpecStream is the live web data engine for teams and agents. It reads every Form C on SEC EDGAR each morning, and this page is that reading. Ask for your own cut (a portal, a state, a size, a revenue range) and new raises arrive in your sheet, CRM, Slack or agent as they land.
- Website
- recoveringbro.com
- Funding portal
- NetCapital Funding Portal Inc.
- Address
- 1440 N. Dayton St. LL04, Chicago, IL 60642
- Legal form
- Corporation
- Jurisdiction
- DE
- Incorporated
- February 18, 2021
- SEC CIK
- 0001962843
Offering terms
From the amendment filed October 2, 2023.
- Security
- Common Stock
- Price
- $0.99
- Target
- $10,000
- Maximum
- $999,999
- Deadline
- December 4, 2023
- Portal compensation
- Up to 4.9% of amount raised for a successful offering and a listing fee of up to $10,000
Financials
From the Form C/A filed October 2, 2023.
| Most recent fiscal year | Prior fiscal year | Source | |
|---|---|---|---|
| Revenue | $41,233 | $9,787 | sec.gov |
| Cost of goods sold | $81,238 | $35,768 | sec.gov |
| Net income | $-138,880 | $-59,120 | sec.gov |
| Taxes paid | $0 | $0 | sec.gov |
| Total assets | $27,000 | $40,922 | sec.gov |
| Cash | $21,271 | $37,520 | sec.gov |
| Accounts receivable | $0 | $0 | sec.gov |
| Short-term debt | $0 | $0 | sec.gov |
| Long-term debt | $225,000 | $100,000 | sec.gov |
Filings
| Filed | Filing | Target | Maximum | Deadline | Note | Source |
|---|---|---|---|---|---|---|
| October 2, 2023 | Amendment | $10,000 | $999,999 | December 4, 2023 | the issuer extended the offering deadline. | sec.gov |
| July 28, 2023 | Amendment | $10,000 | $999,999 | October 2, 2023 | the issuer extended the offering deadline. | sec.gov |
| May 25, 2023 | Amendment | $10,000 | $999,999 | July 31, 2023 | the issuer extended the offering deadline and updated the offering to include 2022 financial statements. | sec.gov |
| May 2, 2023 | Amendment | $10,000 | $999,999 | May 26, 2023 | the issuer extended the offering deadline. | sec.gov |
| April 21, 2023 | Amendment | $10,000 | $999,999 | May 1, 2023 | the issuer extended the offering deadline. | sec.gov |
| March 29, 2023 | Amendment | $10,000 | $999,999 | April 21, 2023 | the issuer extended the offering deadline. | sec.gov |
| February 1, 2023 | Offering | $10,000 | $999,999 | April 3, 2023 | sec.gov |
Updated October 2, 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.