Data / Crowdfunding / Minnesota / The Coven, Inc.
The Coven, Inc.: crowdfunding raise on Wefunder Portal LLC, $50,000 to $941,984 (2023)
The Coven, Inc., a corporation in St. Paul, MN, filed a Form C with the SEC on July 20, 2023 to raise $50,000 to $941,984 in preferred stock through Wefunder Portal LLC. The offering closed on November 27, 2023. In its most recent fiscal year it reported $809,472 in revenue and a net loss of $821,398, with 10 employees.
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- Website
- www.thecoven.com
- Funding portal
- Wefunder Portal LLC
- Address
- 165 Western Ave N Suite 8, St. Paul, MN 55102
- Legal form
- Corporation
- Jurisdiction
- DE
- Incorporated
- July 11, 2017
- SEC CIK
- 0001969409
Offering terms
From the offering filed July 20, 2023.
- Security
- Preferred Stock
- Price
- $1.27
- Target
- $50,000
- Maximum
- $941,984
- Deadline
- November 27, 2023
- Portal compensation
- 6.5% of the offering amount upon a successful fundraise, and be entitled to reimbursement for out-of-pocket third party expenses it pays or incurs on behalf of the Issuer in connection with the offering.
Financials
From the Form C filed July 20, 2023.
| Most recent fiscal year | Prior fiscal year | Source | |
|---|---|---|---|
| Revenue | $809,472 | $712,585 | sec.gov |
| Cost of goods sold | $10,001 | $56,562 | sec.gov |
| Net income | $-821,398 | $-252,266 | sec.gov |
| Taxes paid | $0 | $0 | sec.gov |
| Total assets | $457,532 | $926,527 | sec.gov |
| Cash | $311,957 | $779,384 | sec.gov |
| Accounts receivable | $8,300 | $2,567 | sec.gov |
| Short-term debt | $28,421 | $17,352 | sec.gov |
| Long-term debt | $2,286,471 | $1,945,137 | sec.gov |
Filings
| Filed | Filing | Target | Maximum | Deadline | Note | Source |
|---|---|---|---|---|---|---|
| July 20, 2023 | Offering | $50,000 | $941,984 | November 27, 2023 | sec.gov |
Also on SpecStream
Updated July 20, 2023. 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.