Data / Crowdfunding / Virginia / Seven Sisters Brewery LLC
Seven Sisters Brewery LLC: crowdfunding raise on MainVest, Inc., $10,000 to $100,000 (2020)
Seven Sisters Brewery LLC, a limited liability company in Wytheville, VA, filed a Form C with the SEC on October 20, 2020 to raise $10,000 to $100,000 in debt through MainVest, Inc.. The offering closed on December 2, 2020. In its most recent fiscal year it reported $41,749 in revenue and a net loss of $174,874, with 5 employees.
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- Website
- www.sevensistersbreweryva.com
- Funding portal
- MainVest, Inc.
- Address
- 192 SALLY RUN, Wytheville, VA 24382
- Legal form
- Limited Liability Company
- Jurisdiction
- VA
- Incorporated
- March 20, 2017
- SEC CIK
- 0001818791
Offering terms
From the amendment filed October 20, 2020.
- Security
- Debt
- Price
- $1.00
- Target
- $10,000
- Maximum
- $100,000
- Deadline
- December 2, 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 December 3, 2020.
| Most recent fiscal year | Prior fiscal year | Source | |
|---|---|---|---|
| Revenue | $41,749 | $0 | sec.gov |
| Cost of goods sold | $9,825 | $0 | sec.gov |
| Net income | $-174,874 | $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 |
|---|---|---|---|---|---|---|
| December 3, 2020 | Progress update | $10,000 | $100,000 | December 2, 2020 | At the close of the offering, the issuer closed on $27,000. The funds are currently being processed. The actual amount may be lower. | sec.gov |
| October 20, 2020 | Amendment | $10,000 | $100,000 | December 2, 2020 | Issuer is amending the target offering amount. Issuer is also amending the note agreement as well as use of funds accordingly. Lastly, Issuer is extending the deadline to make an investment. | sec.gov |
| August 17, 2020 | Offering | $50,000 | $100,000 | October 28, 2020 | sec.gov |
Updated December 3, 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.