Data / Crowdfunding / Pennsylvania / Smart Tire Recycling, Inc.
Smart Tire Recycling, Inc.: crowdfunding raise on StartEngine Capital, LLC, $9,999 to $4,440,500 (2022)
Smart Tire Recycling, Inc., a corporation in Pittsburgh, PA, filed a Form C with the SEC on April 27, 2022 to raise $9,999 to $4,440,500 in Series CF3 Seed Preferred Stock through StartEngine Capital, LLC. The offering closed on June 29, 2022. In its most recent fiscal year it reported $0 in revenue and a net loss of $548,299, with 4 employees.
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- Website
- www.smarttirerecycling.com
- Funding portal
- StartEngine Capital, LLC
- Address
- 4131 STANLEY ST., Pittsburgh, PA 15207
- Legal form
- Corporation
- Jurisdiction
- PA
- Incorporated
- August 12, 2016
- SEC CIK
- 0001735146
Offering terms
From the amendment filed April 27, 2022.
- Security
- Series CF3 Seed Preferred Stock
- Price
- $1.66
- Target
- $9,999
- Maximum
- $4,440,500
- Deadline
- June 29, 2022
- Portal compensation
- 7 - 13 percent
Financials
From the Form C-U filed June 30, 2022.
| Most recent fiscal year | Prior fiscal year | Source | |
|---|---|---|---|
| Revenue | $0 | $0 | sec.gov |
| Cost of goods sold | $0 | $0 | sec.gov |
| Net income | $-548,299 | $-140,365 | sec.gov |
| Taxes paid | $0 | $0 | sec.gov |
| Total assets | $259,512 | $229,074 | sec.gov |
| Cash | $142,244 | $194,010 | sec.gov |
| Accounts receivable | $0 | $0 | sec.gov |
| Short-term debt | $147,702 | $98,344 | sec.gov |
| Long-term debt | $0 | $0 | sec.gov |
Filings
| Filed | Filing | Target | Maximum | Deadline | Note | Source |
|---|---|---|---|---|---|---|
| June 30, 2022 | Progress update | $9,999 | $4,440,500 | June 29, 2022 | At the close of the offering, the issuer closed on $453,869.23 and 342,297 number of securities. | sec.gov |
| April 29, 2022 | Annual report | Not listed | Not listed | sec.gov | ||
| April 27, 2022 | Amendment | $9,999 | $4,440,500 | June 29, 2022 | Issuer is extending campaign end date and updating financial information | sec.gov |
| March 28, 2022 | Amendment | $9,999 | $4,440,500 | April 30, 2022 | Issuer is extending campaign end date | sec.gov |
| October 28, 2021 | Amendment | $9,999 | $4,440,500 | March 29, 2022 | Issuer is updating a Director and Officer title | sec.gov |
| September 30, 2021 | Offering | $9,999 | $4,440,500 | March 29, 2022 | sec.gov | |
| September 17, 2021 | Progress update | $50,000 | $1,070,000 | December 2, 2020 | Date of offering: October 9, 2020 Type of security sold: Preferred Stock Final dollar amount sold: $538,408.30 Use of proceeds: Working Capital Shares Sold: 283802 | sec.gov |
| October 15, 2020 | Amendment | $50,000 | $1,070,000 | December 2, 2020 | Increased the campaign maximum, adjusted price per share for investors after the first $500k, naming Lead Investor, added CPA reviewed financial statements. | sec.gov |
| September 4, 2020 | Amendment | $50,000 | $249,998 | December 2, 2020 | Updating terms of $20,000 2017 convertible note raise. | sec.gov |
| August 28, 2020 | Offering | $50,000 | $249,998 | December 2, 2020 | sec.gov |
Updated June 30, 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.