The Midas Fund CF

The Midas Fund CF

Early Stage

Business Lending

Business Lending

Overview

Funding data not publicly available
Platform

Rialto Markets

Start Date

05/12/2024

Close Date

04/26/2025

Min. Goal
$500,000
Max. Goal
$5,000,000
Min. Investment

$500

Security Type

Equity - Common

SEC Filing Type

RegCF    Open SEC Filing

Price Per Share

$500.00

Year Founded

2024

Industry

Financial & Insurance Products & Services

Tech Sector

Fintech

Location

Lake Orion, Michigan

The Midas Fund CF is raising funds on Rialto Markets. The fund has been formed for the purpose of lending capital exclusively to the affiliates of Acorn Automotive Group. The Midas Fund’s lending of capital to the Acorn Automotive Group will make its affiliates and other entities key Midas franchisees and managers of Midas franchisees. The Midas franchisees will serve as top destinations in the auto care industry for urgent auto repairs and routine maintenance. Matthew Abell founded The Midas Fund in January 2024. The current crowdfunding campaign has a minimum target of $500,000 and a maximum target of $5 million. The campaign proceeds will be used for staff salaries, rent and office expenses, legal and accounting services, business loans, and marketing.

Summary Profit and Loss Statement

FY 2024 FY 2023

Revenue

$0

$0

COGS

$0

$0

Tax

$0

$0

 

 

Net Income

$0

$0

Summary Balance Sheet

FY 2024 FY 2023

Cash

$1,000

$0

Accounts Receivable

$0

$0

Total Assets

$1,000

$0

Short-Term Debt

$0

$0

Long-Term Debt

$0

$0

Total Liabilities

$0

$0

Financials as of: 05/12/2024
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The Midas Fund CF on Rialto Markets 2024
Platform: Rialto Markets
Security Type: Equity - Common
Price per Share: $500.00

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