Data / Crowdfunding / California / Renewal Mill, PBC
Renewal Mill, PBC: crowdfunding raise on OpenDeal Portal LLC, $25,000 to $1,070,000 (2020)
Renewal Mill, PBC, a corporation in Oakland, CA, filed a Form C with the SEC on September 2, 2020 to raise $25,000 to $1,070,000 in Crowd SAFE (Simple Agreement for Future Equity) through OpenDeal Portal LLC. The offering closed on November 30, 2020. In its most recent fiscal year it reported $181,151 in revenue and a net loss of $505,079, with 3 employees.
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- Website
- www.renewalmill.com
- Funding portal
- OpenDeal Portal LLC
- Address
- 1190 28th Street, Oakland, CA 94608
- Legal form
- Corporation
- Jurisdiction
- DE
- Incorporated
- June 9, 2016
- SEC CIK
- 0001808913
Offering terms
From the amendment filed September 2, 2020.
- Security
- Crowd SAFE (Simple Agreement for Future Equity)
- Price
- $1.00
- Target
- $25,000
- Maximum
- $1,070,000
- Deadline
- November 30, 2020
- Portal compensation
- At the conclusion of the offering, the issuer shall pay a fee of six percent (6%) of the amount raised in the offering to the intermediary.
Financials
From the Form C-AR filed May 3, 2021.
| Most recent fiscal year | Prior fiscal year | Source | |
|---|---|---|---|
| Revenue | $181,151 | $81,152 | sec.gov |
| Cost of goods sold | $222,389 | $107,160 | sec.gov |
| Net income | $-505,079 | $-856,827 | sec.gov |
| Taxes paid | $0 | $0 | sec.gov |
| Total assets | $623,618 | $716,076 | sec.gov |
| Cash | $112,230 | $162,727 | sec.gov |
| Accounts receivable | $45,288 | $23,369 | sec.gov |
| Short-term debt | $108,867 | $46,383 | sec.gov |
| Long-term debt | $0 | $0 | sec.gov |
Filings
| Filed | Filing | Target | Maximum | Deadline | Note | Source |
|---|---|---|---|---|---|---|
| May 3, 2021 | Annual report | Not listed | Not listed | sec.gov | ||
| December 1, 2020 | Progress update | $25,000 | $1,070,000 | November 30, 2020 | The Offering closed successfully on December 1, 2020, having received investment commitments of $116,852, although a final accounting has not taken place. | sec.gov |
| September 2, 2020 | Amendment | $25,000 | $1,070,000 | November 30, 2020 | The Company is filing this form C/A to include a copy of the campaign page as an exhibit. | sec.gov |
| September 1, 2020 | Offering | $25,000 | $1,070,000 | November 30, 2020 | sec.gov |
Updated May 3, 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.