Data / Crowdfunding / Massachusetts / Vantem Composite Technologies LLC
Vantem Composite Technologies LLC: crowdfunding raise on NetCapital Funding Portal Inc., $10,000 to $500,000 (2019)
Vantem Composite Technologies LLC, a corporation in Arlington, MA, filed a Form C with the SEC on October 3, 2019 to raise $10,000 to $500,000 in Units through NetCapital Funding Portal Inc.. The offering closed on November 4, 2019. In its most recent fiscal year it reported $802,039 in revenue and a net loss of $434,834, with 30 employees.
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- Website
- www.vantemglobal.com
- Funding portal
- NetCapital Funding Portal Inc.
- Address
- 7 CENTRAL ST, #180 SUITE 1100, Arlington, MA 02476
- Legal form
- Corporation
- Jurisdiction
- DE
- Incorporated
- November 22, 2010
- SEC CIK
- 0001765772
Offering terms
From the amendment filed October 3, 2019.
- Security
- Units
- Price
- $1.00
- Target
- $10,000
- Maximum
- $500,000
- Deadline
- November 4, 2019
- Portal compensation
- Up to 4.9% of amount raised for a successful offering and a listing fee of up to $5,000
Financials
From the Form C-AR filed July 1, 2021.
| Most recent fiscal year | Prior fiscal year | Source | |
|---|---|---|---|
| Revenue | $802,039 | $731,165 | sec.gov |
| Cost of goods sold | $-717,162 | $-691,364 | sec.gov |
| Net income | $-434,834 | $-288,428 | sec.gov |
| Taxes paid | $-12,360 | $0 | sec.gov |
| Total assets | $1,900,137 | $1,195,630 | sec.gov |
| Cash | $25,573 | $142,604 | sec.gov |
| Accounts receivable | $245,393 | $50,246 | sec.gov |
| Short-term debt | $991,332 | $389,690 | sec.gov |
| Long-term debt | $0 | $600,000 | sec.gov |
Filings
| Filed | Filing | Target | Maximum | Deadline | Note | Source |
|---|---|---|---|---|---|---|
| July 1, 2021 | Annual report | Not listed | Not listed | sec.gov | ||
| October 3, 2019 | Amendment | $10,000 | $500,000 | November 4, 2019 | issuer extended offering deadline. | sec.gov |
| September 16, 2019 | Amendment | $10,000 | $500,000 | October 3, 2019 | issuer extended offering deadline. | sec.gov |
| August 29, 2019 | Amendment | $10,000 | $500,000 | September 16, 2019 | issuer extended offering deadline. | sec.gov |
| July 23, 2019 | Amendment | $10,000 | $500,000 | August 30, 2019 | issuer added a 506(c) offering. | sec.gov |
| July 23, 2019 | Amendment | $10,000 | $500,000 | August 30, 2019 | issuer added a 506(c) offering. | sec.gov |
| June 18, 2019 | Amendment | $10,000 | $500,000 | August 30, 2019 | amended to include greater clarification of the issuer's intended use of proceeds. | sec.gov |
| June 6, 2019 | Amendment | $10,000 | $500,000 | August 30, 2019 | issuer extended offering deadline. | sec.gov |
| May 1, 2019 | Amendment | $10,000 | $500,000 | June 11, 2019 | issuer updated financial statements. | sec.gov |
| March 11, 2019 | Offering | $10,000 | $500,000 | June 11, 2019 | sec.gov |
Updated July 1, 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.