Phoenix Capital Group

Phoenix Capital Group

Take Flight with Phoenix

Take Flight with Phoenix

Overview

Raised to Date: Raised: $33,799,000

Total Commitments ($USD)

Platform

Dalmore Group

Start Date

01/04/2023

Close Date

Not Provided

Min. Goal
$5,000
Max. Goal
$75,000,000
Min. Investment

$5,000

Security Type

Debt

SEC Filing Type

RegA+    Open SEC Filing

Interest Rate

9.00%

Rolling Commitments ($USD)

Status
Funded
Reporting Date

01/30/2024

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

$92,600

# of Investors

946

Momentum
Funded
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Year Founded

2019

Industry

Energy, Power, & Natural Resources

Tech Sector

Cleantech

Distribution Model

B2B/B2C

Margin

Medium

Capital Intensity

Low

Location

Denver, Colorado

Business Type

Growth

Company Website

Phoenix Capital Group is raising funds through Reg A+ crowdfunding with Dalmore Group as the Broker-Dealer. The company has decades of experience in identifying lucrative oil and gas investment opportunities and investing in them to generate value for investors. The business is focused on purchasing mineral rights and non-operated working interests in the regions, including the Williston Basin, the Permian Basin, the Powder River, and the DJ Basin. Lindsey Wilson founded Phoenix Capital Group in 2019. The current crowdfunding campaign has a maximum target of $75 million. The campaign proceeds will be used for purchasing mineral rights and non-operated working interests, and additional asset acquisitions.

Balance Sheet

Cash and Cash Equivalents

$1,976,582

Accounts and Notes Receivable

$6,681,207

Property, Plant and Equipment (PP&E)

$89,942,752
Total Assets

$83,171,898

Accounts Payable & Accrued Liabilities

$9,548,535

Total Liabilities

$77,476,595

Total Stockholders' Equity

$5,695,303
Total Liabilities and Equity

$83,171,898

Statement of Comprehensive Income Information

Total Revenues

$25,291,144

Depreciation and Amortization

$7,645,050
Net Income

$2,709,408

Earnings Per Share - Basic

$0.00

Earnings Per Share - Diluted

$0.00
Auditor: Cherry Bekaert LLP
Financials as of: 01/04/2023
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Phoenix Capital Group on Dalmore Group 2023
Platform: Dalmore Group
Security Type: Debt

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Deal Analytics
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