According to information disclosed by mYak USA, $360,000 was subscribed by one investor on May 16th 2014. mYak USA capped the non-brokered equity financing at $537,000. $177,000 in additional funding can be raised before May 2015 based on the placement’s structure. This is the first time mYak USA is selling securities under a registration exemption.
mYak USA markets and designs a clothing and home accessory line crafted in Italy and woven from baby yak wool and Tibetan cashmere. The company buys its wool directly from nomadic Tibetan families.
Paola Vanzo (President) leads the Brooklyn NY based company which was registered in 2013. Revenues on or below $1 million were reported by mYak USA.
Status: First close
Company: mYak USA
Amount offered: $537,000
Amount placed: $360,000
First sale: 05-16-2014
Data as of: 05-29-2014