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

Reg CF · Common Stock · Nov 2020

ClosedReached targetReg CFCommon Equity
via WeFunderView campaign
Raised
$308.3K / $400K max
77% of ceiling · target hit day 83
Investors
538
$573.1 avg
Post-money valuation
$25.6M
pre-money + amount raised

Raised over time

Cumulative raisedInvestors
$292K$146K$0
5122560
Nov 17, 2020 · openedAug 31, 2021 · last reading
Target ($50K) hit — Feb 8, 2021, day 83Deadline Apr 30, 2022 — 242 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

FY2018–FY2019 · hover for source
$357K
−$517K
FY2018
$1.5M
−$146K
FY2019
RevenueNet income
Metric
FY2018 reviewed
FY2019 reviewed
Income statement
Revenue
$357,013
$1,472,710
Cost of goods sold
$559,791
$949,348
Gross margin
-57%
36%
Net income
-$517,197
-$145,864
Taxes paid
$0
$0
Balance sheet
Cash
$59,382
$113,581
Accounts receivable
$0
$0
Total assets
$141,109
$193,116
Short-term debt
$101,863
$73,380
Long-term debt
$238,939
$200,887
Total liabilities
$340,802
$274,267
Other
Headcount
5
5

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

Amendments to this offering

3 amendments
  1. Apr 23, 2021
    Terms not yet extracted from this filing
    Form C/A on EDGAR ↗
  2. Jan 15, 2021
    Terms not yet extracted from this filing
    Form C/A on EDGAR ↗
  3. Jan 15, 2021
    Terms not yet extracted from this filing
    Form C/A on EDGAR ↗

Each line compares the amendment with the previous filing of this offering. The quoted reason is the issuer’s own statement from the Form C/A.

Deal terms

Pre-money$25.3M ($20.7M early bird)
Post-money$25.6M
Price / share$9.00
Price / share today$0.1059
Shares offered5,556

$9.00 as sold; $0.1059 after the Sep 2023 split (85:1) (Form 1-K, p. 1).

Perks

First $150K investors will invest at $9 per share and a $20.7M pre-money valuationfirst $150K

Offering details

Target$50,004
Max$400,000
Min investment$100
OpenedNov 17, 2020
DeadlineApr 30, 2022
ClosedSep 1, 2021
Days active288

Links & provenance

Campaign pageSEC filing
Source: Manual
0001670254-20-001044

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.