Data / Crowdfunding / Washington / GroundSwell SPC
GroundSwell SPC: crowdfunding raise on StartEngine Capital, LLC, $10,000 to $107,000 (2019)
GroundSwell SPC, a corporation in Washougal, WA, filed a Form C with the SEC on June 14, 2019 to raise $10,000 to $107,000 in Convertible Note through StartEngine Capital, LLC. The offering closed on September 13, 2019. In its most recent fiscal year it reported $0 in revenue and a net loss of $701,726, with 2 employees.
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- Website
- groundswellworld.com
- Funding portal
- StartEngine Capital, LLC
- Address
- 1700 MAIN STREET #203 SUITE 203, Washougal, WA 98671
- Legal form
- Corporation
- Jurisdiction
- WA
- Incorporated
- March 14, 2017
- SEC CIK
- 0001703948
Offering terms
From the offering filed June 14, 2019.
- Security
- Convertible Note
- Target
- $10,000
- Maximum
- $107,000
- Deadline
- September 13, 2019
- Portal compensation
- 6.0 percent
Financials
From the Form C-U filed October 11, 2022.
| Most recent fiscal year | Prior fiscal year | Source | |
|---|---|---|---|
| Revenue | $0 | $0 | sec.gov |
| Cost of goods sold | $116,695 | $99,266 | sec.gov |
| Net income | $-701,726 | $-422,387 | sec.gov |
| Taxes paid | $0 | $0 | sec.gov |
| Total assets | $7,051 | $77,185 | sec.gov |
| Cash | $2,051 | $72,185 | sec.gov |
| Accounts receivable | $0 | $0 | sec.gov |
| Short-term debt | $9,092 | $0 | sec.gov |
| Long-term debt | $1,059,092 | $427,500 | sec.gov |
Filings
| Filed | Filing | Target | Maximum | Deadline | Note | Source |
|---|---|---|---|---|---|---|
| October 11, 2022 | Progress update | $10,000 | $107,000 | September 13, 2019 | Adjustment to the initial Form C-U filing. At the close of the offering, the issuer closed on $18,850 and 18,850 number of securities. | sec.gov |
| April 29, 2020 | Annual report | Not listed | Not listed | sec.gov | ||
| September 17, 2019 | Progress update | $10,000 | $107,000 | September 13, 2019 | The amount raised at the time of closing is $21,600. | sec.gov |
| June 14, 2019 | Offering | $10,000 | $107,000 | September 13, 2019 | sec.gov | |
| June 27, 2017 | Offering | $250,000 | $1,000,000 | December 24, 2017 | sec.gov |
Updated October 11, 2022. 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.