Data / Crowdfunding / New Jersey / Princeton Satellite Systems, INc.
Princeton Satellite Systems, INc.: crowdfunding raise on SV Portal LLC, $100,000 to $1,235,000 (2022)
Princeton Satellite Systems, INc., a corporation in Plainsboro, NJ, filed a Form C with the SEC on October 28, 2022 to raise $100,000 to $1,235,000 in Convertible promissory note through SV Portal LLC. The offering closed on April 30, 2023. In its most recent fiscal year it reported $562,491 in revenue and a net loss of $102,636, with 5 employees.
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- Website
- www.psatellite.com
- Funding portal
- SV Portal LLC
- Address
- 6 MARKET ST. SUITE 926, Plainsboro, NJ 08536
- Legal form
- Corporation
- Jurisdiction
- NJ
- Incorporated
- September 10, 1992
- SEC CIK
- 0001938305
Offering terms
From the offering filed October 28, 2022.
- Security
- Convertible promissory note
- Price
- $1.00
- Target
- $100,000
- Maximum
- $1,235,000
- Deadline
- April 30, 2023
- Portal compensation
- At the conclusion of the offering, the Company will pay a fee of eight percent of the amount raised in the Offering to the Intermediary.
Financials
From the Form C-U filed July 17, 2023.
| Most recent fiscal year | Prior fiscal year | Source | |
|---|---|---|---|
| Revenue | $562,491 | $801,450 | sec.gov |
| Cost of goods sold | $400,966 | $401,166 | sec.gov |
| Net income | $-102,636 | $51,191 | sec.gov |
| Taxes paid | $500 | $500 | sec.gov |
| Total assets | $202,125 | $332,836 | sec.gov |
| Cash | $25,344 | $66,851 | sec.gov |
| Accounts receivable | $19,262 | $105,145 | sec.gov |
| Short-term debt | $168,392 | $196,467 | sec.gov |
| Long-term debt | $0 | $0 | sec.gov |
Filings
| Filed | Filing | Target | Maximum | Deadline | Note | Source |
|---|---|---|---|---|---|---|
| July 17, 2023 | Progress update | $100,000 | $1,235,000 | April 30, 2023 | Total raised was $109,725.51. | sec.gov |
| October 28, 2022 | Offering | $100,000 | $1,235,000 | April 30, 2023 | sec.gov |
Updated July 17, 2023. 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.