This isn’t ModVans’s most recent raise. Reg A+ · Equity · Sep 2023 (Closed) is more current.View latest round

Reg CF · Common Stock · Jun 2022

ClosedReached targetReg CFCommon Equity

via WeFunderView campaign

Raised

$89.9K / $4.8M max

2% of ceiling · target hit day 22

Investors

111

$809.6 avg

Post-money valuation

$74.3M

pre-money + amount raised

Raised over time

Cumulative raisedInvestors

$90K$45K$0

111560

Jun 30, 2022 · openedDec 30, 2022 · last reading

Target ($50K) hit — Jul 22, 2022, day 22Deadline Apr 30, 2023 — 121 days out

Left axis: cumulative dollars raised. Right axis: cumulative investors. Live figures via WeFunder; investor counts may lag the platform by up to a day.

Financials disclosed in this offering

FY2020–FY2021 · hover for source

$2.9M

−$973K

FY2020

$3.5M

−$1.7M

FY2021

RevenueNet income

Metric

FY2020 unaudited

FY2021 unaudited

Income statement

Revenue

$2,941,465

$3,504,390

Cost of goods sold

$3,081,075

$4,023,830

Gross margin

-5%

-15%

Net income

-$973,054

-$1,746,672

Taxes paid

Balance sheet

Cash

$110,507

$15,993

Accounts receivable

Total assets

$928,131

$1,023,484

Short-term debt

$412,034

$740,147

Long-term debt

$389,138

$196,551

Total liabilities

$801,172

$936,698

Other

Headcount

—

The fiscal years the issuer disclosed in this offering’s filing, as filed. Full history on the company page.

Deal terms

Pre-money$74.2M ($69.4M early bird)

Post-money$74.3M

Price / share$29.00

Price / share today$0.3412

Shares offered1,725

$29.00 as sold; $0.3412 after the Sep 2023 split (85:1) (Form 1-K, p. 1).

Perks

First $300K investors will invest at $29 per share and a $69.4M pre-money valuationfirst $300K

Offering details

Target$50,025

Max$4,799,996

Min investment$250

OpenedJun 30, 2022

DeadlineApr 30, 2023

ClosedDec 30, 2022

Days active183

Links & provenance

Campaign page SEC filing

Source: Manual
0001670254-22-000704

About this data. Raised amounts and investor counts come from the platform listing and may lag or be restated; SEC-reported totals can differ until the next Form 1-Z/C-U. Post-money valuation is computed as pre-money plus amount raised and is shown once the round closes — it is not a traded price. Financial statements are as reported by the issuer. Crowdonomics is not a broker-dealer, funding portal, or investment adviser; nothing here is investment advice or an offer to sell securities. Verify all figures against the linked EDGAR filings.