Data / Crowdfunding / Texas / Rollin' Vets Group Inc.
Rollin' Vets Group Inc.: crowdfunding raise on NEXTSEED SECURITIES, LLC, $100,000 to $600,000 (2020)
Rollin' Vets Group Inc., a corporation in Houston, TX, filed a Form C with the SEC on October 2, 2020 to raise $100,000 to $600,000 in Convertible Note through NEXTSEED SECURITIES, LLC. The offering closed on February 28, 2021. In its most recent fiscal year it reported $1,825,872 in revenue and a net loss of $286,194, with 10 employees.
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- Website
- www.rollinvets.com
- Funding portal
- NEXTSEED SECURITIES, LLC
- Address
- 5353 W. ALABAMA ST. SUITE 301, Houston, TX 77056
- Legal form
- Corporation
- Jurisdiction
- DE
- Incorporated
- July 14, 2020
- SEC CIK
- 0001824566
Offering terms
From the amendment filed October 2, 2020.
- Security
- Convertible Note
- Target
- $100,000
- Maximum
- $600,000
- Deadline
- February 28, 2021
- Portal compensation
- 9% of the total Offering Amount, or 5% of the amount from investors introduced by Issuer, or 2% of the amount (up to $150,000) from investors who invest $10,000 or more and introduced by Issuer.
Financials
From the Form C-AR filed May 3, 2021.
| Most recent fiscal year | Prior fiscal year | Source | |
|---|---|---|---|
| Revenue | $1,825,872 | $0 | sec.gov |
| Cost of goods sold | $524,032 | $0 | sec.gov |
| Net income | $-286,194 | $0 | sec.gov |
| Taxes paid | $4,267 | $0 | sec.gov |
| Total assets | $1,439,933 | $0 | sec.gov |
| Cash | $621,123 | $0 | sec.gov |
| Accounts receivable | $249,037 | $0 | sec.gov |
| Short-term debt | $332,703 | $0 | sec.gov |
| Long-term debt | $1,429,006 | $0 | sec.gov |
Filings
| Filed | Filing | Target | Maximum | Deadline | Note | Source |
|---|---|---|---|---|---|---|
| May 3, 2021 | Termination of reporting | Not listed | Not listed | sec.gov | ||
| May 3, 2021 | Annual report | Not listed | Not listed | sec.gov | ||
| November 10, 2020 | Progress update | $100,000 | $600,000 | February 28, 2021 | Issuer raised $600,000. The actual processing time to confirm the commitments may take longer than the filing deadline, and the total amount is our best estimate at this time. The actual amount may be lower. | sec.gov |
| October 2, 2020 | Amendment | $100,000 | $600,000 | February 28, 2021 | Added footnote of classification that was already reflected in the pro formas and is immaterial to the offering. | sec.gov |
| September 22, 2020 | Offering | $100,000 | $600,000 | February 28, 2021 | 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.