Data / Crowdfunding / Minnesota / Spitz MN
Spitz MN: crowdfunding raise on SMBX, Inc., $20,000 to $124,000 (2023)
Spitz MN, a corporation in Minneapolis, MN, filed a Form C with the SEC on May 8, 2023 to raise $20,000 to $124,000 in debt through SMBX, Inc.. The offering closed on June 6, 2023. In its most recent fiscal year it reported $2,015,331 in revenue and $221,123 in net income, with 20 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.spitzrestaurant.com
- Funding portal
- SMBX, Inc.
- Address
- 518 E. HENNEPIN AVE, Minneapolis, MN 55414
- Legal form
- Corporation
- Jurisdiction
- MN
- Incorporated
- December 7, 2015
- SEC CIK
- 0001970002
Offering terms
From the amendment filed May 8, 2023.
- Security
- Debt
- Price
- $10.00
- Target
- $20,000
- Maximum
- $124,000
- Deadline
- June 6, 2023
- Portal compensation
- SMBX will be charging a capital raise fee of 4.50% (up to $5,580 based on the total amount raised)
Financials
From the Form C/A filed May 8, 2023.
| Most recent fiscal year | Prior fiscal year | Source | |
|---|---|---|---|
| Revenue | $2,015,331 | $1,730,686 | sec.gov |
| Cost of goods sold | $545,412 | $844,251 | sec.gov |
| Net income | $221,123 | $217,277 | sec.gov |
| Taxes paid | $0 | $0 | sec.gov |
| Total assets | $415,515 | $377,122 | sec.gov |
| Cash | $232,622 | $244,226 | sec.gov |
| Accounts receivable | $26,709 | $13,896 | sec.gov |
| Short-term debt | $95,382 | $41,969 | sec.gov |
| Long-term debt | $0 | $98,143 | sec.gov |
Filings
| Filed | Filing | Target | Maximum | Deadline | Note | Source |
|---|---|---|---|---|---|---|
| May 8, 2023 | Amendment | $20,000 | $124,000 | June 6, 2023 | Amendment for: a) reduction in Maximum Target Offering Amount to $124,000, b) reduction in Minimum Target Offering Amount to $20,000, c) reduction in Maturity to 36 months, or 06-2026 and d) changes to Use of Proceeds to adjust to new amount | sec.gov |
| March 23, 2023 | Offering | $100,000 | $400,000 | June 6, 2023 | sec.gov |
Updated May 8, 2023. 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.