Data / Crowdfunding / Texas / South Plains Petroleum, Inc.
South Plains Petroleum, Inc.: crowdfunding raise on StartEngine Capital, LLC, $10,000 to $1,070,000 (2019)
South Plains Petroleum, Inc., a corporation in Abilene, TX, filed a Form C with the SEC on August 15, 2019 to raise $10,000 to $1,070,000 in common stock through StartEngine Capital, LLC. The offering closed on August 19, 2019. In its most recent fiscal year it reported $0 in revenue and a net loss of $80, with 4 employees.
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- Website
- www.southplainspetroleuminc.com
- Funding portal
- StartEngine Capital, LLC
- Address
- 402 CYPRESS STREET, SUITE 809 SUITE 809, Abilene, TX 79601
- Legal form
- Corporation
- Jurisdiction
- TX
- Incorporated
- May 23, 2018
- SEC CIK
- 0001775588
Offering terms
From the amendment filed August 15, 2019.
- Security
- Common Stock
- Price
- $1.60
- Target
- $10,000
- Maximum
- $1,070,000
- Deadline
- August 19, 2019
- Portal compensation
- 6.0 percent
Financials
From the Form C-U filed August 22, 2019.
| Most recent fiscal year | Prior fiscal year | Source | |
|---|---|---|---|
| Revenue | $0 | $0 | sec.gov |
| Cost of goods sold | $0 | $0 | sec.gov |
| Net income | $-80 | $0 | sec.gov |
| Taxes paid | $0 | $0 | sec.gov |
| Total assets | $320 | $0 | sec.gov |
| Cash | $320 | $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 |
|---|---|---|---|---|---|---|
| August 22, 2019 | Progress update | $10,000 | $1,070,000 | August 19, 2019 | At the close of the offering, the issuer closed on $26,508.80 and 17,261 number of securities. | sec.gov |
| August 15, 2019 | Amendment | $10,000 | $1,070,000 | August 19, 2019 | The company is running a concurrent Regulation D offering for a total of $1,500,000. | sec.gov |
| August 9, 2019 | Amendment | $10,000 | $1,070,000 | August 19, 2019 | Removing a team member | sec.gov |
| May 21, 2019 | Offering | $10,000 | $1,070,000 | August 19, 2019 | sec.gov |
Updated August 22, 2019. 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.