One financial backer invested $1 million in return for unregistered equity securities issued by WenBrook. The transaction completed almost two weeks ago via a non-brokered private placement. No offering was previously initiated by the company under a registration exemption with the SEC.
The company is an entity set up for holding a stake in RedLine Recreational Toys according to the Idaho Department of Motor Vehicle’s Vehicle and Vessel Dealers registration. RedLine develops and markets the concept of time-share membership program for the ownership of a fleet of recreational vessels including boats, PWCs, ATVs, UTVs, snowmobiles, campers, and motor homes among others.
The company was registered in 2012 and has its headquarters located in Meridian ID. WenBrook elected to keep its revenues undisclosed.
The executive team includes Dustin Weniger.
Amount offered: $1 million
Amount placed: $1 million
First sale: 05-19-2014
Data as of: 05-30-2014