BOULDER — Wear Pact LLC, a Boulder-based company that specializes in clothing made from certified organic cotton, has raised nearly $6.5 million in capital through sales of equity.
According to a Form D filed with the U.S. Securities and Exchange Commission, the sale was completed April 3.
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Last year, the company raised $4 million in a debt offering and also raised funds by offering convertible promissory notes and equity securities available upon conversion. The rounds were closed with Revelry Brands LLC. Revelry, a Boulder-based investment firm focused on businesses in the natural-foods and consumer-products sectors, acquired Wear Pact in 2011.
Wear Pact previously did business as Cannonball Pact LLC.
Brendan Synnott, Wear Pact’s chief executive, had not responded to a request for more information regarding the latest $6,467,123 equity sale by BizWest’s deadline today. Company officials last year said that round of funding would allow Wear Pact, which now simply identifies itself as PACT, to keep expanding its distribution footprint, grow its team and invest in new product offerings.
The company was founded in 2009 and is headquartered at 2108 55th St., Suite 200, in Boulder. It also has a design office in San Francisco.
BOULDER — Wear Pact LLC, a Boulder-based company that specializes in clothing made from certified organic cotton, has raised nearly $6.5 million in capital through sales of equity.
According to a Form D filed with the U.S. Securities and Exchange Commission, the sale was completed April 3.
Sponsored Content
Understand & Optimize Inventory – For Business Owners
How a business manages its inventory can be a great source of increased margins. At Elevations Credit Union, we’re focused on helping our business members achieve financial health, and in this article, we discuss understanding and optimizing inventory.
Last year, the company raised $4 million in a debt offering and also raised funds by offering convertible promissory notes and equity securities available upon conversion. The rounds were closed with Revelry Brands LLC. Revelry, a Boulder-based investment firm focused on businesses in the natural-foods and consumer-products sectors, acquired Wear Pact in 2011.
Wear Pact previously did business as Cannonball Pact LLC.
Brendan Synnott, Wear Pact’s chief executive, had not responded to a request for more information regarding the latest $6,467,123 equity sale by BizWest’s deadline today. Company officials last year said that round of funding would allow Wear Pact, which now simply identifies itself as PACT, to keep expanding its distribution footprint, grow its team and invest in new product offerings.
The company was founded in 2009 and is headquartered at 2108 55th St., Suite 200, in Boulder. It also has a design office in San Francisco.
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