BNNano

BNNano

Early Stage

BNNano leverages cutting edge materials science innovation to transform, revitalize, revolutionize, and add value to industrial commodities.

BNNano leverages cutting edge materials science innovation to transform, revitalize, revolutionize, and add value to industrial commodities.

Overview

Raised to Date: Raised: $212,374

Total Commitments ($USD)

Platform

Netcapital

Start Date

08/28/2022

Close Date

02/27/2023

Min. Goal
$10,001
Max. Goal
$3,000,002
Min. Investment

$99

Security Type

Equity - Common

Series

Seed

SEC Filing Type

RegCF    Open SEC Filing

Price Per Share

$1.87

Pre-Money Valuation

$23,700,672

Rolling Commitments ($USD)

Status
Funded
Reporting Date

03/04/2023

Days Remaining
Funded
% of Min. Goal
Funded
% of Max. Goal
Funded
Likelihood of Max
Funded
Avg. Daily Raise

$1,161

Momentum
Funded
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Year Founded

2016

Industry

Industrial Services

Tech Sector

Hardwaretech

Distribution Model

B2B

Margin

High

Capital Intensity

High

Location

Burlington, North Carolina

Business Type

Growth

BNNano, with a valuation of $23.7 million, is raising funds on NetCapital. It is an advanced manufacturing company that has developed a patent-pending Boron Nitride Nanotube, NanoBarb. NanoBarb is added to commodities to improve a material’s natural properties and make it extraordinary. BNNano’s product has received several awards and includes customers like NASA, United States Navy, Kairos, and True Velocity. Steve Wilcenski and Jason Taylor founded BNNano in December 2016. The current crowdfunding campaign has a minimum target of $10,000 and a maximum target of $3,000,002. The campaign proceeds will be used for facilities improvements, product development, sales and marketing, research and development, and capital equipment.

Summary Profit and Loss Statement

Most Recent Year Prior Year

Revenue

$112,114

$64,551

COGS

$34,968

$79,279

Tax

$-5,790

$-5,499

 

 

Net Income

$-956,926

$-868,013

Summary Balance Sheet

Most Recent Year Prior Year

Cash

$417,308

$82,794

Accounts Receivable

$0

$0

Total Assets

$536,693

$188,848

Short-Term Debt

$0

$0

Long-Term Debt

$1,465,000

$1,509,868

Total Liabilities

$1,465,000

$1,509,868

Financials as of: 08/28/2022
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Raise History

Offering Name Close Date Platform Valuation/Cap Total Raised Security Type Status Reg Type
BNNano 02/27/2023 Netcapital $23,700,672 $212,374 Equity - Common Funded RegCF
BNNano 07/30/2021 Netcapital $20,102,381 $1,069,997 Equity - Common Funded RegCF
BNNano 03/06/2021 Netcapital $21,077,703 $0 Equity - Common Funded Test the Waters
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BNNano has developed a material that’s lightweight, yet strong as steel. It gives aluminum the strength of steel and polyester the strength of kevlar. It can be used for fire prevention, water purification, biomedical purposes, hypersonic flight, green energy, and new composites that challenge our ideas on what materials can do. And BNNano is the only company that’s been able to commercialize it.

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BNNano on NetCapital 2022
Platform: Netcapital
Security Type: Equity - Common
Valuation: $23,700,672
Price per Share: $1.87

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Warning: according to the close date for this deal, BNNano may no longer be accepting investments.

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