Data / Crowdfunding / Utah / Raindrop Texting Solutions, Inc
Raindrop Texting Solutions, Inc: crowdfunding raise on truCrowd, Inc, $10,000 to $500,000 (2021)
Raindrop Texting Solutions, Inc, a corporation in Cedar Hills, UT, filed a Form C with the SEC on November 5, 2021 to raise $10,000 to $500,000 in common stock through truCrowd, Inc. The offering closed on March 4, 2022. In its most recent fiscal year it reported $38,620 in revenue and a net loss of $4,867.
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- Website
- raindroptext.com
- Funding portal
- truCrowd, Inc
- Address
- 10742 N SHINNECOCK, Cedar Hills, UT 84062
- Legal form
- Corporation
- Jurisdiction
- UT
- Incorporated
- June 7, 2017
- SEC CIK
- 0001817438
Offering terms
From the amendment filed November 5, 2021.
- Security
- Common Stock
- Price
- $5.00
- Target
- $10,000
- Maximum
- $500,000
- Deadline
- March 4, 2022
- Portal compensation
- The intermediary will get paid a success fee of 8%
Financials
From the Form C/A filed November 5, 2021.
| Most recent fiscal year | Prior fiscal year | Source | |
|---|---|---|---|
| Revenue | $38,620 | $33,641 | sec.gov |
| Cost of goods sold | $-19,644 | $-22,616 | sec.gov |
| Net income | $-4,867 | $-7,495 | sec.gov |
| Taxes paid | $0 | $0 | sec.gov |
| Total assets | $1,607 | $5,130 | sec.gov |
| Cash | $1,607 | $5,130 | sec.gov |
| Accounts receivable | $0 | $0 | sec.gov |
| Short-term debt | $31,876 | $30,532 | sec.gov |
| Long-term debt | $0 | $0 | sec.gov |
Filings
| Filed | Filing | Target | Maximum | Deadline | Note | Source |
|---|---|---|---|---|---|---|
| November 5, 2021 | Amendment | $10,000 | $500,000 | March 4, 2022 | Extending the offering deadline | sec.gov |
| July 1, 2021 | Amendment | $10,000 | $500,000 | November 5, 2021 | Extending the offering deadline | sec.gov |
| March 30, 2021 | Amendment | $10,000 | $500,000 | July 2, 2021 | Extending the offering deadline | sec.gov |
| December 28, 2020 | Amendment | $10,000 | $500,000 | March 31, 2021 | Extending the offering deadline | sec.gov |
| November 12, 2020 | Amendment | $10,000 | $500,000 | December 31, 2020 | Adjusting the minimum investment amount per investor | sec.gov |
| September 3, 2020 | Offering | $10,000 | $500,000 | December 31, 2020 | sec.gov |
Updated November 5, 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.