Mags Ammo & Co.

Mags Ammo & Co.

Early Stage

Bulletproof the Future

Bulletproof the Future

Overview

Raised this Round: Raised: $24,000

Total Commitments ($USD)

Platform

ChainRaise

Start Date

01/21/2024

Close Date

12/07/2024

Min. Goal
$996,000
Max. Goal
$4,992,000
Min. Investment

$12,000

Security Type

Equity - Common

Series

Pre-Seed

SEC Filing Type

RegCF    Open SEC Filing

Price Per Share

$12,000.00

Pre-Money Valuation

$49,800,000

Year Founded

2022

Industry

Security, Cybersecurity, & Defense

Tech Sector

Hardwaretech

Distribution Model

B2B/B2C

Margin

Medium

Capital Intensity

High

Location

Sterling, Colorado

Business Type

Growth

Mags Ammo & Co., with a valuation of $49.8 million, is raising funds on ChainRaise. The company aims to turn ammunition into a commodity so it can be traded all over the globe. Mags Ammo & Co. is bringing a new investment-grade asset to the marketplace and increasing the participation of people in the ammunition market. The company’s factory will be produced by D&M Holding Company of Tampa, Florida and has current customers including Grind Hard Ammunition, Longhorn Ammunition, Sia Fort of the MOI of Ukraine, and INDUMIL Colombian Army. Ryan Larkin founded Mags Ammo & Co. in December 2022. The current crowdfunding campaign has a minimum target of $996,000 and a maximum target of $4.99 million. The campaign proceeds will be used for the acquisition of startup assets, website development, debt reduction, working capital, and equipment.

Summary Profit and Loss Statement

FY 2023 FY 2022

Revenue

$0

$0

COGS

$0

$0

Tax

$0

$0

 

 

Net Income

$-84,132

$0

Summary Balance Sheet

FY 2023 FY 2022

Cash

$6,868

$0

Accounts Receivable

$0

$0

Total Assets

$42,000

$0

Short-Term Debt

$33,000

$0

Long-Term Debt

$0

$0

Total Liabilities

$33,000

$0

Financials as of: 01/21/2024
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Mags Ammo & Co. on ChainRaise 2024
Platform: ChainRaise
Security Type: Equity - Common
Valuation: $49,800,000
Price per Share: $12.00

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