Data / Crowdfunding / Texas / Scrimmage Co.
Scrimmage Co.: crowdfunding raise on PicMii Crowdfunding LLC, $10,000 to $250,000 (2022)
Scrimmage Co., a corporation in Del Valle, TX, filed a Form C with the SEC on June 21, 2022 to raise $10,000 to $250,000 in Scrimmage will be offering 2 tiers of SAFE agreements based on the amount of funding raised in this Regulation Crowdfunding offering: Tier 1: $0 - $50k in investments | $3M valuation cap at 30% discount Tier 2: $50k - $250k | $6M valuation cap no discount through PicMii Crowdfunding LLC. The offering closed on August 31, 2022. In its most recent fiscal year it reported $0 in revenue and a net loss of $33,049, with 9 employees.
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- Website
- scrimmage.co
- Funding portal
- PicMii Crowdfunding LLC
- Address
- 6401 CONESTOGA WAGON WAY, Del Valle, TX 78617
- Legal form
- Corporation
- Jurisdiction
- DE
- Incorporated
- July 27, 2021
- SEC CIK
- 0001925403
Offering terms
From the amendment filed June 21, 2022.
- Security
- Scrimmage will be offering 2 tiers of SAFE agreements based on the amount of funding raised in this Regulation Crowdfunding offering: Tier 1: $0 - $50k in investments | $3M valuation cap at 30% discount Tier 2: $50k - $250k | $6M valuation cap no discount
- Price
- $1.00
- Target
- $10,000
- Maximum
- $250,000
- Deadline
- August 31, 2022
- Portal compensation
- 4.5% of funds raised paid to PicMii Crowdfunding.
Financials
From the Form C-U filed September 22, 2022.
| Most recent fiscal year | Prior fiscal year | Source | |
|---|---|---|---|
| Revenue | $0 | $0 | sec.gov |
| Cost of goods sold | $0 | $0 | sec.gov |
| Net income | $-33,049 | $0 | sec.gov |
| Taxes paid | $0 | $0 | sec.gov |
| Total assets | $24,149 | $0 | sec.gov |
| Cash | $24,149 | $0 | sec.gov |
| Accounts receivable | $0 | $0 | sec.gov |
| Short-term debt | $0 | $0 | sec.gov |
| Long-term debt | $0 | $0 | sec.gov |
Filings
| Filed | Filing | Target | Maximum | Deadline | Note | Source |
|---|---|---|---|---|---|---|
| September 22, 2022 | Progress update | $10,000 | $250,000 | August 31, 2022 | Scrimmage has closed their offering and raised $87,569 through their SAFE agreement. A total of 87,569 securities have been sold. | sec.gov |
| June 21, 2022 | Amendment | $10,000 | $250,000 | August 31, 2022 | Scrimmage has two tiers of SAFEs being offered dependent on the amount of funds raised. They have decreased the amount of funds raised to enter tier 2 of the raise to $50k. No existing investments are affected. | sec.gov |
| April 27, 2022 | Offering | $10,000 | $250,000 | August 31, 2022 | sec.gov |
Updated September 22, 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.