Data / Crowdfunding / Washington / Three Magnets Brewing Company
Three Magnets Brewing Company: crowdfunding raise on StartEngine Primary, LLC, $20,000 to $1,235,000 (2025)
Three Magnets Brewing Company, a corporation in Olympia, WA, filed a Form C with the SEC on October 16, 2025 to raise $20,000 to $1,235,000 in Class B Shares through StartEngine Primary, LLC. The offering closed on December 19, 2025. In its most recent fiscal year it reported $543,096 in revenue and a net loss of $344,681, with 4 employees.
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- Website
- www.3magbrewing.com
- Funding portal
- StartEngine Primary, LLC
- Address
- 600 Franklin St SE, STE 105, Olympia, WA 98501
- Legal form
- Corporation
- Jurisdiction
- WA
- Incorporated
- June 26, 2013
- SEC CIK
- 0002045378
Offering terms
From the amendment filed October 16, 2025.
- Security
- Class B Shares
- Price
- $1.00
- Target
- $20,000
- Maximum
- $1,235,000
- Deadline
- December 19, 2025
- Portal compensation
- 7 - 13 percent
Financials
From the Form C-U filed December 22, 2025.
| Most recent fiscal year | Prior fiscal year | Source | |
|---|---|---|---|
| Revenue | $543,096 | $1,158,093 | sec.gov |
| Cost of goods sold | $322,905 | $522,642 | sec.gov |
| Net income | $-344,681 | $-481,744 | sec.gov |
| Taxes paid | $0 | $0 | sec.gov |
| Total assets | $46,403 | $354,392 | sec.gov |
| Cash | $11,818 | $301,905 | sec.gov |
| Accounts receivable | $0 | $2,468 | sec.gov |
| Short-term debt | $656,229 | $561,276 | sec.gov |
| Long-term debt | $952,461 | $1,010,722 | sec.gov |
Filings
| Filed | Filing | Target | Maximum | Deadline | Note | Source |
|---|---|---|---|---|---|---|
| December 22, 2025 | Progress update | $124,000 | $1,235,000 | February 20, 2025 | At the close of the offering, the issuer closed on $397,660.51 and 423,581 number of securities. | sec.gov |
| October 16, 2025 | Amendment | $20,000 | $1,235,000 | December 19, 2025 | Extending Campaign End Date | sec.gov |
| August 21, 2025 | Amendment | $20,000 | $1,235,000 | October 20, 2025 | Issuer is extending their campaign end date to October 20th, 2025. | sec.gov |
| June 23, 2025 | Amendment | $20,000 | $1,235,000 | August 28, 2025 | Issuer is extending their campaign end date to August 28th, 2025. | sec.gov |
| April 29, 2025 | Amendment | $20,000 | $1,235,000 | June 30, 2025 | Issuer is updating their financial statements per the most recent fiscal year and extending their campaign end date to June 30th, 2025. | sec.gov |
| April 29, 2025 | Annual report | Not listed | Not listed | sec.gov | ||
| March 4, 2025 | Amendment | $20,000 | $1,235,000 | April 30, 2025 | Issuer is extending their end date to April 30th, 2025 and including their video transcript. | sec.gov |
| December 13, 2024 | Amendment | $20,000 | $1,235,000 | March 13, 2025 | Reduced minimum to $20,000, updated use of proceeds, extended deadline, added related party loan to indebtedness, updated results of operations, added Articles of Incorporation. | sec.gov |
| December 5, 2024 | Progress update | $124,000 | $1,235,000 | February 20, 2025 | The issuer has raised over 100% (139,968.23) of the offering target amount ($124,000). | sec.gov |
| November 25, 2024 | Progress update | $124,000 | $1,235,000 | February 20, 2025 | The issuer has raised over 50% ($67,378.50) of the offering target amount ($124,000). | sec.gov |
| November 21, 2024 | Offering | $124,000 | $1,235,000 | February 20, 2025 | sec.gov |
Updated December 22, 2025. 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.