Data / Crowdfunding / New Jersey / SongVest Records Inc.
SongVest Records Inc.: crowdfunding raise on Stampede Securities, Inc, $25,000 to $1,013,700 (2020)
SongVest Records Inc., a corporation in Montclair, NJ, filed a Form C with the SEC on May 11, 2020 to raise $25,000 to $1,013,700 in preferred stock through Stampede Securities, Inc. The offering closed on June 26, 2020. In its most recent fiscal year it reported $21 in revenue and a net loss of $28,645, with 2 employees.
SpecStream is the live web data engine for teams and agents. It reads every Form C on SEC EDGAR each morning, and this page is that reading. Ask for your own cut (a portal, a state, a size, a revenue range) and new raises arrive in your sheet, CRM, Slack or agent as they land.
- Website
- www.svrmusic.com
- Funding portal
- Stampede Securities, Inc
- Address
- 192 INWOOD AVE. FLOOR 2, Montclair, NJ 07043
- Legal form
- Corporation
- Jurisdiction
- DE
- Incorporated
- August 23, 2019
- SEC CIK
- 0001793460
Offering terms
From the amendment filed May 11, 2020.
- Security
- Preferred Stock
- Price
- $5.00
- Target
- $25,000
- Maximum
- $1,013,700
- Deadline
- June 26, 2020
- Portal compensation
- 5.0% of the offering amount upon a successful fundraise (raise minimum target goal) and intermediary be entitled to reimbursement for out-of-pocket third-party expenses it pays or incurs on behalf of the issuer in connection with the offering.
Financials
From the Form C-AR filed August 8, 2022.
| Most recent fiscal year | Prior fiscal year | Source | |
|---|---|---|---|
| Revenue | $21 | $0 | sec.gov |
| Cost of goods sold | $3,343 | $0 | sec.gov |
| Net income | $-28,645 | $0 | sec.gov |
| Taxes paid | $0 | $0 | sec.gov |
| Total assets | $79,826 | $2,500 | sec.gov |
| Cash | $60,843 | $2,500 | sec.gov |
| Accounts receivable | $21 | $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 |
|---|---|---|---|---|---|---|
| August 8, 2022 | Annual report | Not listed | Not listed | sec.gov | ||
| August 8, 2022 | Annual report | Not listed | Not listed | sec.gov | ||
| October 26, 2020 | Progress update | $25,000 | $1,013,700 | June 26, 2020 | Notice of completion of offering round 2. Amount raised: $47,220. | sec.gov |
| October 26, 2020 | Progress update | $25,000 | $1,013,700 | June 26, 2020 | Notice of completion of offering round 1. Amount raised: $56,300. | sec.gov |
| May 11, 2020 | Amendment | $25,000 | $1,013,700 | June 26, 2020 | Edits to offering page and business deck (document g). | sec.gov |
| May 4, 2020 | Offering | $25,000 | $1,013,700 | June 26, 2020 | sec.gov | |
| January 2, 2020 | Amendment | $50,000 | $1,070,000 | January 15, 2020 | This amendment is to change document_e, to add document_h: "Amendment And Restated Certificate Of Incorporation". The new offering deadline is changed to 01/15/20. Adding jurisdictions: Canada (Federal Level), AB, BC, MB, NB, NL, NS, ON, PE, QC, SK, YT | sec.gov |
| January 2, 2020 | Amendment | $50,000 | $1,070,000 | January 15, 2020 | This amendment is to change document_e, to add document_h: "Amendment And Restated Certificate Of Incorporation". The new offering deadline is changed to 01/15/20. Adding jurisdictions: Canada (Federal Level), AB, BC, MB, NB, NL, NS, ON, PE, QC, SK, YT | sec.gov |
| December 23, 2019 | Amendment | $50,000 | $1,070,000 | January 8, 2020 | This amendment is to add investor perks to the offering. | sec.gov |
| December 11, 2019 | Offering | $50,000 | $1,070,000 | January 8, 2020 | sec.gov |
Updated August 8, 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.