Data / Crowdfunding / Massachusetts / SAIL TO TRAIL LLC
SAIL TO TRAIL LLC: crowdfunding raise on MainVest, Inc., $25,000 to $107,000 (2020)
SAIL TO TRAIL LLC, a limited liability company in Worcester, MA, filed a Form C with the SEC on April 23, 2020 to raise $25,000 to $107,000 in debt through MainVest, Inc.. The offering closed on July 22, 2020. In its most recent fiscal year it reported $0 in revenue and $0 in net income, with 3 employees.
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- Website
- www.sailtotrail.com
- Funding portal
- MainVest, Inc.
- Address
- 6 BIRMINGHAM RD, Worcester, MA 01606
- Legal form
- Limited Liability Company
- Jurisdiction
- MA
- Incorporated
- December 7, 2018
- SEC CIK
- 0001804109
Offering terms
From the amendment filed April 23, 2020.
- Security
- Debt
- Price
- $1.00
- Target
- $25,000
- Maximum
- $107,000
- Deadline
- July 22, 2020
- Portal compensation
- MainVest will be paid 6.0% of the final offering amount, upon the successful completion of the offering. MainVest does not receive compensation if the offering does not succeed.
Financials
From the Form C-U filed July 28, 2020.
| Most recent fiscal year | Prior fiscal year | Source | |
|---|---|---|---|
| Revenue | $0 | $0 | sec.gov |
| Cost of goods sold | $0 | $0 | sec.gov |
| Net income | $0 | $0 | sec.gov |
| Taxes paid | $0 | $0 | sec.gov |
| Total assets | $0 | $0 | sec.gov |
| Cash | $0 | $0 | sec.gov |
| Accounts receivable | $0 | $0 | sec.gov |
| Short-term debt | $0 | $0 | sec.gov |
| Long-term debt | $0 | $0 | sec.gov |
Filings
| Filed | Filing | Target | Maximum | Deadline | Note | Source |
|---|---|---|---|---|---|---|
| July 28, 2020 | Progress update | $25,000 | $107,000 | July 22, 2020 | At the close of the offering, the issuer closed on $41,700. The funds are currently being processed. The actual amount may be lower. | sec.gov |
| April 23, 2020 | Amendment | $25,000 | $107,000 | July 22, 2020 | Issuer is extending the deadline to make an investment. The Issuer is also amending their minimum amount. Lastly, the Issuer is adjusting use of funds to reflect amended minimum amount. | sec.gov |
| February 24, 2020 | Offering | $75,000 | $107,000 | April 22, 2020 | sec.gov |
Updated July 28, 2020. 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.