Data / Crowdfunding / North Carolina / RoyaltyTraders LLC (dba SongVest)
RoyaltyTraders LLC (dba SongVest): crowdfunding raise on DealMaker Securities LLC, $50,000 to $5,000,000 (2022)
RoyaltyTraders LLC (dba SongVest), a limited liability company in Raleigh, NC, filed a Form C with the SEC on August 5, 2022 to raise $50,000 to $5,000,000 in Conversion Units of SAFE (Simple Agreement for Future Equity) through DealMaker Securities LLC. The offering closed on August 2, 2023. In its most recent fiscal year it reported $551,211 in revenue and a net loss of $861,282.
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- Website
- www.songvest.com
- Funding portal
- DealMaker Securities LLC
- Address
- 1053 East Whitaker Mill Rd Suite 115, Raleigh, NC 27604
- Legal form
- Limited Liability Company
- Jurisdiction
- DE
- Incorporated
- March 18, 2021
- SEC CIK
- 0001855626
Offering terms
From the amendment filed August 5, 2022.
- Security
- Conversion Units of SAFE (Simple Agreement for Future Equity)
- Target
- $50,000
- Maximum
- $5,000,000
- Deadline
- August 2, 2023
- Portal compensation
- DealMaker Securities LLC will receive 3% of the total amount raised in the Offering.
Financials
From the Form C-AR filed May 3, 2023.
| Most recent fiscal year | Prior fiscal year | Source | |
|---|---|---|---|
| Revenue | $551,211 | $204,092 | sec.gov |
| Cost of goods sold | $1,316,587 | $703,425 | sec.gov |
| Net income | $-861,282 | $-503,716 | sec.gov |
| Taxes paid | $310 | $0 | sec.gov |
| Total assets | $759,101 | $459,023 | sec.gov |
| Cash | $73,428 | $239,624 | sec.gov |
| Accounts receivable | $15,752 | $5,099 | sec.gov |
| Short-term debt | $550,000 | $0 | sec.gov |
| Long-term debt | $145,433 | $288,151 | sec.gov |
Filings
| Filed | Filing | Target | Maximum | Deadline | Note | Source |
|---|---|---|---|---|---|---|
| May 3, 2023 | Annual report | Not listed | Not listed | sec.gov | ||
| August 5, 2022 | Amendment | $50,000 | $5,000,000 | August 2, 2023 | To replace the PDF file of the Form C supporting documentation that was submitted with the original Form C filing as it is failing to display correctly on the SEC public website under our Company's Form C Filing Detail section. | sec.gov |
| August 3, 2022 | Offering | $50,000 | $5,000,000 | August 2, 2023 | sec.gov |
Updated May 3, 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.