Data / Crowdfunding / Michigan / Varner Enterprises Inc
Varner Enterprises Inc: crowdfunding raise on truCrowd, Inc, $10,000 to $1,070,000 (2019)
Varner Enterprises Inc, a corporation in Southfield, MI, filed a Form C with the SEC on June 6, 2019 to raise $10,000 to $1,070,000 in SAFE+RevShare (Simple Agreement for Future Equity + Revenue Participation) through truCrowd, Inc. The offering closed on August 10, 2019. In its most recent fiscal year it reported $0 in revenue and $0 in net income.
SpecStream is the live web data engine for teams and agents. It reads every Form C on SEC EDGAR each morning, and this page is that reading. Ask for your own cut (a portal, a state, a size, a revenue range) and new raises arrive in your sheet, CRM, Slack or agent as they land.
- Website
- www.l2records.com
- Funding portal
- truCrowd, Inc
- Address
- 22520 LAHSER RD, Southfield, MI 48033
- Legal form
- Corporation
- Jurisdiction
- DE
- Incorporated
- February 5, 2019
- SEC CIK
- 0001767606
Offering terms
From the amendment filed June 6, 2019.
- Security
- SAFE+RevShare (Simple Agreement for Future Equity + Revenue Participation)
- Price
- $10.00
- Target
- $10,000
- Maximum
- $1,070,000
- Deadline
- August 10, 2019
- Portal compensation
- The intermediary will receive a success fee of 7% of funds raised.
Financials
From the Form C/A filed June 6, 2019.
| 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 |
|---|---|---|---|---|---|---|
| June 6, 2019 | Amendment | $10,000 | $1,070,000 | August 10, 2019 | Extending offering and adjusting the valuation and terms of the security. | sec.gov |
| May 2, 2019 | Amendment | $10,000 | $1,070,000 | May 20, 2019 | Reuploading offering statement. Last copy was cut off on the right. | sec.gov |
| March 4, 2019 | Offering | $10,000 | $1,070,000 | May 20, 2019 | sec.gov |
Updated June 6, 2019. 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.