Data / Crowdfunding / Tennessee / WanderLinger Brewing Company, LLC
WanderLinger Brewing Company, LLC: crowdfunding raise on MainVest, Inc., $25,000 to $150,000 (2021)
WanderLinger Brewing Company, LLC, a limited liability company in Chattanooga, TN, filed a Form C with the SEC on March 1, 2021 to raise $25,000 to $150,000 in debt through MainVest, Inc.. The offering closed on April 30, 2021. In its most recent fiscal year it reported $416,350 in revenue and a net loss of $163,686, with 8 employees.
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- Website
- www.wanderlinger.com
- Funding portal
- MainVest, Inc.
- Address
- 1008 SUMMER STREET, Chattanooga, TN 37405
- Legal form
- Limited Liability Company
- Jurisdiction
- TN
- Incorporated
- February 9, 2016
- SEC CIK
- 0001807927
Offering terms
From the amendment filed March 1, 2021.
- Security
- Debt
- Price
- $1.00
- Target
- $25,000
- Maximum
- $150,000
- Deadline
- April 30, 2021
- 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 May 4, 2021.
| Most recent fiscal year | Prior fiscal year | Source | |
|---|---|---|---|
| Revenue | $416,350 | $95,113 | sec.gov |
| Cost of goods sold | $129,937 | $32,210 | sec.gov |
| Net income | $-163,686 | $-199,627 | sec.gov |
| Taxes paid | $0 | $0 | sec.gov |
| Total assets | $306,547 | $322,524 | sec.gov |
| Cash | $36,957 | $12,599 | sec.gov |
| Accounts receivable | $0 | $0 | sec.gov |
| Short-term debt | $18,026 | $8,302 | sec.gov |
| Long-term debt | $267,940 | $261,783 | sec.gov |
Filings
| Filed | Filing | Target | Maximum | Deadline | Note | Source |
|---|---|---|---|---|---|---|
| May 4, 2021 | Progress update | $25,000 | $150,000 | April 30, 2021 | At the close of the offering, the issuer closed on $55,100 The funds are currently being processed. The actual amount may be lower. | sec.gov |
| April 30, 2021 | Annual report | Not listed | Not listed | sec.gov | ||
| March 1, 2021 | Amendment | $25,000 | $150,000 | April 30, 2021 | Issuer is extending deadline to invest. Issuer is decreasing target offering amount. Issuer is amending the investment multiple. Issuer is adjusting use of funds and revenue share percentage to correspond with new target offering amount. | sec.gov |
| January 14, 2021 | Offering | $50,000 | $150,000 | March 31, 2021 | sec.gov | |
| July 7, 2020 | Progress update | $10,000 | $50,000 | July 1, 2020 | At the close of the offering, the issuer closed on $17,700.00. The funds are currently being processed. The actual amount may be lower. | sec.gov |
| April 22, 2020 | Amendment | $10,000 | $50,000 | July 1, 2020 | Issuer is amending the potential returns available to investors. Issues is also updating use of funds. | sec.gov |
| March 31, 2020 | Offering | $10,000 | $50,000 | July 1, 2020 | sec.gov |
Updated May 4, 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.