Project Buffalo

Project Buffalo

Early Stage

Keeping American Steel operations in business

Keeping American Steel operations in business

Overview

Raised this Round: Raised: $684,082

Total Commitments ($USD)

Platform

Wefunder

Start Date

05/30/2024

Close Date

07/15/2024

Min. Goal
$528,681
Max. Goal
$3,480,480
Min. Investment

$100

Security Type

Equity - Common

SEC Filing Type

RegCF    Open SEC Filing

Price Per Share

$44,056.71

Pre-Money Valuation

$616,793

Year Founded

2022

Industry

Industrial Services

Tech Sector

Non-Tech

Location

Fort Collins, Colorado

Project Buffalo, with a valuation of $616,793, is raising funds on Wefunder. The project is to acquire a Midwest-based manufacturing partner for America’s largest mining, iron, and steel manufacturing sites. Project Buffalo is focused on engineering, sourcing, and delivering the products to keep American steel in business. The target company to be acquired has $24 million in revenue, EBITDA of $6 million, and EBITDA margins of 25%. A.D. Salmen founded Project Buffalo in May 2022. The current crowdfunding campaign has a minimum target of $528,680 and a maximum target of $3.5 million. The campaign proceeds will be used for the complete and control-bearing buyout of the target company.

Summary Profit and Loss Statement

FY 2023 FY 2022

Revenue

$0

$0

COGS

$0

$0

Tax

$0

$0

 

 

Net Income

$-291,238

$-123,874

Summary Balance Sheet

FY 2023 FY 2022

Cash

$209,304

$365,241

Accounts Receivable

$0

$0

Total Assets

$272,396

$476,085

Short-Term Debt

$66,891

$7,097

Long-Term Debt

$3,735

$11,043

Total Liabilities

$70,626

$18,140

Financials as of: 05/30/2024
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Project Buffalo on Wefunder 2024
Platform: Wefunder
Security Type: Equity - Common
Valuation: $616,793
Price per Share: $44.00

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