Tagged: apparel

On-demand fashion brand AYR unveils details on its $6.23 million unregistered offering


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XDATA – June 24th 2016
After twenty financial backers subscribed to 88% of its equity financing round, AYR disclosed initiating a first close after raising $5.5 million. The subscription to the $6.23 million non-brokered private placement started a week ago according to information filed with the SEC. Based on the offering’s structure, the company has until June 2017 to raise an extra $735,000. The company doesn’t appear to have previously sold securities under a registration exemption with the SEC.
The company is an on-demand women’s apparel brand that makes high-quality pieces designed for everyday life. The company spun-out of Bonobos. Investors include Leandra Medine, Scott Morrison, Hayley Barna (First Round Capital), and Andy Dunn (Bonobos).
AYR, registered in 2016, is headquartered in New York NY. It is led by Margaret Winter (CEO). Revenues were not disclosed.
The executive team includes Alexander Reich, Jacqueline Cameron and Max Bonbrest.
The board of directors includes Andrew Dunn, Jack Schwefel and Sanderson Cass.
Offering recap
Status: First close
Company: AYR
Industry: Retailing
Amount offered: $6.23 million
Amount placed: $5.5 million
SEC filing: Source
First sale: 06-17-2016
Data as of: 06-24-2016
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Fashion socks designer Stance closed a $45+ million growth financing


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Mack Weldon unveils details on its $6.55 million unregistered offering


mack weldonAfter twenty-one financial backers subscribed to 85% of its equity financing round, Mack Weldon disclosed initiating a first close after raising $5.55 million. The subscription to the $6.55 million non-brokered private placement started a few days ago according to information filed with the SEC. Based on the offering’s structure, the company has until October 2015 to raise an extra $1 million. It appears to be the first time the company is filling a security offering under a registration exemption.

The company is a designer of underwear for men engineered to promote comfort, mobility and performance. Products are made with classic and high tech material and also include t-shirts and socks.

The company, headquartered in New York NY, is led by Brian Berger (CEO). Mack Weldon elected to keep its revenues undisclosed.
The executive team includes Brian D Berger.

Offering recap
Status: First close
Company: Mack Weldon
Industry: Other
Amount offered: $6.55 million
Amount placed: $5.55 million
First sale: 10-30-2014
Data as of: 10-31-2014

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True Fit re-opened its offering to place $4 million more


Change: offered +38% / raised +38% / placed 100%

true fit True Fit re-opened and closed its unregistered equity offering after increasing the placement’s size from $10.59 million to $14.59 million. The offer closed after the company raised $4 million from two additional investors within four months. At closing, a total of twenty-five investors had subscribed to True Fit‘s offering. The company closed two unregistered private placements which raised an estimated $6.99 million.

True Fit markets and develops a scoring and recommendation engine for apparel retailers and brands. The big data company offers a software-as-a-service solution for retailers to personalize their catalog for each consumer, based on each person’s unique taste and fit. The company aggregates measurements, fabrics, and fit and offers shoppers to further refine their matching criteria to deliver pertinent recommendations.

The company, headquartered in Woburn MA, is led by William R Adler (President and CEO). True Fit elected to keep its revenues undisclosed.
The executive team includes Charles Baldavas, Jessica Arredondo Murphy, Joseph Romney Evans and Len Nannarone.
The board of directors includes Brandon Tidwell, Dennis Baldwin and Dorothy Mattison.

The company has raised an estimated total of $21.58 million via private unregistered security offerings.

Offering recap
Status: Completed
Company: True Fit
Industry: Other Technology
Amount offered: $14.59 million
Amount placed: $14.59 million
First sale: 06-09-2014
Data as of: 10-28-2014

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PS DEPT. completed a new equity offering


XDATA – August 15th 2014

shopservices PS DEPT. sold a total of $4 million in a non-brokered equity investment round. The transaction which started a week ago, garnered the support of sixteen investors. Two previous unregistered financing rounds raised an estimated $1.9 million.

PS DEPT. develops and markets a mobile application (app) for users to have direct access to personal shoppers at select fashion retail stores. Users tell what they are looking for via text messenger and receive suggestions with pictures from experts. Users can buy what they like directly from the app, shipping is free and so are returns.

The company, headquartered in New York NY, is led by Michelle Goad (President and CEO). PS DEPT. elected to keep its revenues undisclosed.
The executive team includes Richard Wolfgang Klinker.
The board of directors includes Shana Fisher.

The company has raised an estimated total of $5.9 million via private unregistered security offerings.

PS DEPT. is registered under the name Shopservices.

Offering recap
Status: Completed
Company: PS DEPT.
Industry: Other Technology
Amount offered: $4 million
Amount placed: $4 million
First sale: 08-08-2014
Data as of: 08-15-2014

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Wolfgang Man disclosed information on its $370,000 debt issuance


Wolfgang Man & BeastWolfgang Man/Beast reported selling 92% of its debt issuance via a subscription which launched almost two weeks ago. According to the information disclosed, six subscribers ponied up $340,000 out of the $370,000 the company expected to raise. The company hasn’t previously offered unregistered securities.

Wolfgang Man/Beast markets and designs leashes and collars for dogs as well as a distinctive collection of wallets, belts, t-shirts and hoodies for their owners. The company focuses on quality and durable products made locally using only the finest American leathers and textiles.

The company, headquartered in Salt Lake City UT, was registered this year. Revenues remained undisclosed.
The executive team includes Jeremiah Murray and Todd Finney.

Wolfgang Man/Beast is registered under the name Wolfgang Man & Beast.

Offering recap
Status: First close
Company: Wolfgang Man/Beast
Industry: Other
Amount offered: $370,000
Amount placed: $340,000
First sale: 05-28-2014
Data as of: 06-03-2014

Gunpowder & Lace is in the market with a $750,000 investment round


gunpowder and laceGunpowder & Lace launched a $750,000 brokered equity offering based on information filed with the SEC. The subscription to the equity offering hasn’t started yet. The offering is structured to remain open until May 2015 or when the fundraising cap is reached, whichever one comes first. The private placement’s expected net proceeds will amount to $730,000 excluding $20,000 paid in brokerage fees by the company. This is the first time the company is filling a security offering under a registration exemption with the SEC.

Gunpowder & Lace manufactures and designs compression garments for women who have a conceal firearm carry permit. The garments are designed to provide slimming attributes while integrating a holster to allow women to carry their firearms.

Gunpowder & Lace, registered in 2014, is headquartered in Lambertville MI. It is led by Shanyn Stewart (President). Revenues on or below $1 million were reported by Gunpowder & Lace.

Offering recap
Status: Launched
Company: Gunpowder & Lace
Industry: Manufacturing
Amount offered: $750,000
Data as of: 05-29-2014

Blackcraft Cult issues $135,000 worth of securities


blackcraft cult7% of Blackcraft Cult‘s $2 million unregistered private offering was placed a few days ago. The non-brokered equity securities were subscribed by three investors. The first close garnered $135,000. An additional $1.87 million in funding is to be raised until the offering draws to a close in May 2015. It appears to be the first time the company is filling a security offering under a registration exemption.
Blackcraft Cult trades under symbol OTC: BLCK

Blackcraft Cult markets and designs apparel products and accessories. The brand quickly gained acceptance and spread throughout the music, fashion, and tattoo communities, gaining credibility and exposure once people and bands such as Slayer, Deftones, Fall Out Boy, Kesha, Marilyn Manson, Alice Cooper, and AFI started to ware the company’s products.

The company, headquartered in Orange CA, is led by Robert Schubenski (CEO). Blackcraft Cult elected to keep its revenues undisclosed.
The executive team includes James Somers and Robert William Schubenski.

The company’s subsidiary Blackcraft Emoji raised an estimated $500,000 under regulation D. Blackcraft went through a reverse takeover following to which transaction Blackcraft Emoji became a subsidiary of Blackcraft Cult.

Offering recap
Status: First close
Company: Blackcraft Cult
Industry: Other Technology
Amount offered: $2 million
Amount placed: $135,000
First sale: 05-15-2014

Hi-Tech merino sock manufacturer announces final close on its equity financing


point6_symbol_HighPoint6 initiated a final close after increasing by 5% its brokered equity offering and raising an additional $273,000 or 35%. The company first placed $625,300 with seven investors in August 2013 in an attempt to raise $1 million. At the close, twelve investors had subscribed to $1.05 million in equity securities. The offering was placed by CircleUp, a crowdfunding platform specialized in consumer products, with angel investors located in Colorado, Delaware, Kansas, Pennsylvania and Texas. This offering brings to $2.55 million the estimated amount raised by Point6 thus far. The private placement’s expected net proceeds amount to $1.02 million excluding $28,000 paid in fees to CircleUp.

The company designs and manufactures high performance merino wool socks for specific sports and outdoor activities ranging from cycling to construction. The company leverages a proprietary spinning process coupled with fine gauge needles’ knitting which produce superior sock with increased longevity. Merino wool is used for its natural thermo-regulation and moisture management properties.

The company is headquartered in Steamboat Springs CO. Point6 reported revenues on or below $5 million for the latest fiscal year and has less than fifty employees. The executive team includes Peter H. Duke (CEO), Patricia “Patty” F. Duke (Creative director) and Drew Williams (COO).

Offering recap:
Status: Final close
Company: Point6
Industry: Other
Amount offered: $1.05 million
Amount placed: $1.05 million
First Sale: 08/20/13

Clothing e-retailer announced first close on $300,000 equity offering


Lumina Clothing Co. raised a preliminary $80,000 out of an expected $300,000 equity offering. Two investors participated to the non-brokered financing. This is the first known US private offering initiated by the company.

The company commissions manufacturers located in  the US to produce the man’s clothes they design. The website offers shirts, pants, neckwear as well as grooming supplies.

Lumina, located in Raleigh NC, was founded in 2009 by Barton Strawn (Creative director), Justin Carey (CFO), Peter Landis (Supply chain) and Paul Connor (Retail and Marketing).