Data / Crowdfunding / California / Red Hen Collective Cooperative, Inc.
Red Hen Collective Cooperative, Inc.: crowdfunding raise on MiTec, PBC, $50,000 to $1,070,000 (2018)
Red Hen Collective Cooperative, Inc., a corporation in Oakland, CA, filed a Form C with the SEC on December 11, 2018 to raise $50,000 to $1,070,000 in debt through MiTec, PBC. The offering closed on December 31, 2018. In its most recent fiscal year it reported $998 in revenue and a net loss of $130,724, with 2 employees.
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- Website
- www.redhencollective.com
- Funding portal
- MiTec, PBC
- Address
- 2323 BROADWAY, Oakland, CA 94612
- Legal form
- Corporation
- Jurisdiction
- CA
- Incorporated
- March 8, 2017
- SEC CIK
- 0001717111
Offering terms
From the amendment filed December 11, 2018.
- Security
- Debt
- Target
- $50,000
- Maximum
- $1,070,000
- Deadline
- December 31, 2018
- Portal compensation
- 6.5% of offering proceeds that are actually distributed to the issuer.
Financials
From the Form C-AR filed October 30, 2019.
| Most recent fiscal year | Prior fiscal year | Source | |
|---|---|---|---|
| Revenue | $998 | $0 | sec.gov |
| Cost of goods sold | $0 | $0 | sec.gov |
| Net income | $-130,724 | $-163,637 | sec.gov |
| Taxes paid | $2,913 | $1,551 | sec.gov |
| Total assets | $13,992 | $12,149 | sec.gov |
| Cash | $12,992 | $0 | sec.gov |
| Accounts receivable | $1,000 | $0 | sec.gov |
| Short-term debt | $0 | $0 | sec.gov |
| Long-term debt | $285,854 | $153,286 | sec.gov |
Filings
| Filed | Filing | Target | Maximum | Deadline | Note | Source |
|---|---|---|---|---|---|---|
| November 6, 2019 | Termination of reporting | Not listed | Not listed | sec.gov | ||
| October 30, 2019 | Annual report | Not listed | Not listed | sec.gov | ||
| February 6, 2019 | Progress update | $50,000 | $1,070,000 | December 31, 2018 | The total amount of securities sold in the offering was $80,621. | sec.gov |
| December 11, 2018 | Amendment | $50,000 | $1,070,000 | December 31, 2018 | Lowering minimum target offering amount to $50,000. Changing use of proceeds. | sec.gov |
| November 21, 2018 | Amendment | $500,000 | $1,070,000 | December 31, 2018 | Extending offering deadline to December 31, 2018. Adding payment start date and investor signature block to promissory note. | sec.gov |
| October 12, 2018 | Amendment | $500,000 | $1,070,000 | November 22, 2018 | Adding more employment information, adding CRD number, adding articles of incorporation, correcting form-generated error in the jurisdictions for offering. | sec.gov |
| October 1, 2018 | Amendment | $500,000 | $1,070,000 | November 22, 2018 | Added legends; clarifying statements re risk factors, indebtedness, and financial condition; additional info on cancellation. Corrected typo in net income on cover sheet. Attached pitch deck, crowdfunding page, investor benefits, and video transcript. | sec.gov |
| August 24, 2018 | Offering | $500,000 | $1,070,000 | November 22, 2018 | sec.gov |
Updated November 6, 2019. 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.