United States Securities and Exchange Commission · EDGAR Accession 0002045378-25-000006

Form C-U

Offering Progress Update — Regulation Crowdfunding
Campaign file 020-35185
Issuer CIK 2045378
Raising via Three Magnets Brewing Company

Three Magnets Brewing Company

CorporationWAIncorporated 2013Olympia, WA3magbrewing.com
Progress updateAt the close of the offering, the issuer closed on $397,660.51 and 423,581 number of securities.
A

The Offering

as disclosed in this filing
Other (Class B Shares)
$1.00
$124,000
$1,235,000
February 20, 2025
Expired 479 days ago
$0max $1,235,000

Target is 10% of the maximum. Over-subscriptions accepted.

B

Financial Condition

two fiscal years, as filed
Revenue −53% YoYBurn decreasingDebt / assets 3467%4 employees
Line itemMost recent FYPrior FYΔ
Revenue543,0961,158,093▼ 53%
Cost of goods sold322,905522,642▼ 38%
Net income(344,681)(481,744)▲ burn
Total assets46,403354,392▼ 87%
Cash & equivalents11,818301,905▼ 96%
Accounts receivable02,468▼ 100%
Short-term debt656,229561,276▲ 17%
Long-term debt952,4611,010,722▼ 6%
Taxes paid00

Figures in USD as reported by the issuer. Securities offered in all 50 states.

C

Campaign Timeline

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