Data / Crowdfunding / California / Sphere Technology Holdings, Inc.
Sphere Technology Holdings, Inc.: crowdfunding raise on OpenDeal Portal LLC, $50,000 to $1,235,000 (2024)
Sphere Technology Holdings, Inc., a corporation in San Jose, CA, filed a Form C with the SEC on August 5, 2024 to raise $50,000 to $1,235,000 in Crowd SAFE (Simple Agreement for Future Equity) through OpenDeal Portal LLC. The offering closed on November 16, 2024. In its most recent fiscal year it reported $1,306,962 in revenue and a net loss of $3,631,674, with 11 employees.
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- Website
- sphere.tech
- Funding portal
- OpenDeal Portal LLC
- Address
- 333 WEST SAN CARLOS STREET RIVER PARK TOWER, San Jose, CA 95110
- Legal form
- Corporation
- Jurisdiction
- DE
- Incorporated
- February 3, 2022
- SEC CIK
- 0002022343
Offering terms
From the offering filed August 5, 2024.
- Security
- Crowd SAFE (Simple Agreement for Future Equity)
- Price
- $1.00
- Target
- $50,000
- Maximum
- $1,235,000
- Deadline
- November 16, 2024
- Portal compensation
- At the conclusion of the Offering, the Issuer shall pay the Intermediary the greater of (A) a fee of 5.5% of the dollar amount raised in the Offering or (B) a cash fee of twelve thousand dollars ($12,000.00).
Financials
From the Form C-U filed November 26, 2024.
| Most recent fiscal year | Prior fiscal year | Source | |
|---|---|---|---|
| Revenue | $1,306,962 | $978,211 | sec.gov |
| Cost of goods sold | $95,829 | $130,447 | sec.gov |
| Net income | $-3,631,674 | $-2,653,550 | sec.gov |
| Taxes paid | $6,472 | $44,178 | sec.gov |
| Total assets | $3,471,336 | $7,071,661 | sec.gov |
| Cash | $791,285 | $4,730,566 | sec.gov |
| Accounts receivable | $755,969 | $217,781 | sec.gov |
| Short-term debt | $509,374 | $501,981 | sec.gov |
| Long-term debt | $0 | $0 | sec.gov |
Filings
| Filed | Filing | Target | Maximum | Deadline | Note | Source |
|---|---|---|---|---|---|---|
| November 26, 2024 | Progress update | $50,000 | $1,235,000 | November 16, 2024 | The Offering closed successfully on 11/17/2024, having received investment commitments of $231,865.30, although a final accounting has not taken place. | sec.gov |
| August 5, 2024 | Offering | $50,000 | $1,235,000 | November 16, 2024 | sec.gov |
Also on SpecStream
Updated November 26, 2024. 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.