Data / Crowdfunding / Tennessee / ALTO SOLUTIONS, INC.
ALTO SOLUTIONS, INC.: crowdfunding raise on OpenDeal Portal LLC, $25,000 to $1,070,000 (2020)
ALTO SOLUTIONS, INC., a corporation in Nashville, TN, filed a Form C with the SEC on September 18, 2020 to raise $25,000 to $1,070,000 in Crows SAFE (Simple Agreement for Future Equity) through OpenDeal Portal LLC. The offering closed on December 4, 2020. In its most recent fiscal year it reported $394,309 in revenue and a net loss of $3,717,145, with 48 employees.
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- Website
- www.altoira.com
- Funding portal
- OpenDeal Portal LLC
- Address
- CAPITOL VIEW BLOCK E 500 11TH AVENUE NORTH, SUITE 790, Nashville, TN 37203
- Legal form
- Corporation
- Jurisdiction
- DE
- Incorporated
- July 21, 2015
- SEC CIK
- 0001719369
Offering terms
From the amendment filed September 18, 2020.
- Security
- Crows SAFE (Simple Agreement for Future Equity)
- Price
- $1.00
- Target
- $25,000
- Maximum
- $1,070,000
- Deadline
- December 4, 2020
- Portal compensation
- 6% of the amount raised in the Offering.
Financials
From the Form C-AR filed April 6, 2021.
| Most recent fiscal year | Prior fiscal year | Source | |
|---|---|---|---|
| Revenue | $394,309 | $78,574 | sec.gov |
| Cost of goods sold | $87,111 | $75,831 | sec.gov |
| Net income | $-3,717,145 | $-1,978,778 | sec.gov |
| Taxes paid | $0 | $0 | sec.gov |
| Total assets | $8,186,716 | $4,180,111 | sec.gov |
| Cash | $5,941,997 | $3,095,094 | sec.gov |
| Accounts receivable | $81,143 | $14,275 | sec.gov |
| Short-term debt | $138,940 | $97,882 | sec.gov |
| Long-term debt | $2,140,747 | $0 | sec.gov |
Filings
| Filed | Filing | Target | Maximum | Deadline | Note | Source |
|---|---|---|---|---|---|---|
| April 6, 2021 | Termination of reporting | Not listed | Not listed | sec.gov | ||
| April 6, 2021 | Annual report | Not listed | Not listed | sec.gov | ||
| January 14, 2021 | Progress update | $25,000 | $1,070,000 | December 4, 2020 | The Offering closed successfully on 10/29/2020, having received funded and completed investment commitments of $995,347.71, as determined following the final accounting. | sec.gov |
| October 29, 2020 | Progress update | $25,000 | $1,070,000 | December 4, 2020 | The Offering closed successfully on 10/29/2020, having received investment commitments of $1,070,000 although a final accounting has not taken place. | sec.gov |
| September 18, 2020 | Amendment | $25,000 | $1,070,000 | December 4, 2020 | The Form C-A filed on September 17, 2020 is being re-filed to correct an error that excluded a page from the original financial statements. | sec.gov |
| September 17, 2020 | Amendment | $25,000 | $1,070,000 | December 4, 2020 | This Form C replaces the previous Form C to fix a scrivener's error which included all of the duly appointed officers in Exhibit D but not in the body of the Form C. | sec.gov |
| September 3, 2020 | Offering | $25,000 | $1,070,000 | December 4, 2020 | sec.gov |
Updated April 6, 2021. Read from SEC EDGAR. Public domain (U.S. government work). Financials are as each company reported them in its Form C, unaudited unless the filing says otherwise. Websites are the ones the companies declared to the SEC. Free to reuse with credit to SpecStream under CC BY 4.0. Spot a wrong value? Write to [email protected] with the link to this page.