Data / Crowdfunding / Virginia / Spot Group Inc
Spot Group Inc: crowdfunding raise on Honeycomb Portal LLC, $70,000 to $75,000 (2024)
Spot Group Inc, a limited liability company in Historic Occoquan, VA, filed a Form C with the SEC on September 13, 2024 to raise $70,000 to $75,000 in debt through Honeycomb Portal LLC. The offering closed on September 20, 2024. In its most recent fiscal year it reported $480,779 in revenue and a net loss of $161,258, with 15 employees.
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- Website
- www.thespotonmillstreet.com
- Funding portal
- Honeycomb Portal LLC
- Address
- 406 MILL STREET 381, Historic Occoquan, VA 22125
- Legal form
- Limited Liability Company
- Jurisdiction
- VA
- Incorporated
- July 31, 2019
- SEC CIK
- 0002010184
Offering terms
From the amendment filed September 13, 2024.
- Security
- Debt
- Price
- $1.00
- Target
- $70,000
- Maximum
- $75,000
- Deadline
- September 20, 2024
- Portal compensation
- Applied at marginal rate based upon amount of total offering: up to$50,000 = 8.0%, $50,001 - $100,000 = 7.0%, $100,001+ = 6.0%. $250 posting fee. 2.85% investment fee capped at $37.25.
Financials
From the Form C-U filed November 4, 2024.
| Most recent fiscal year | Prior fiscal year | Source | |
|---|---|---|---|
| Revenue | $480,779 | $510,328 | sec.gov |
| Cost of goods sold | $188,836 | $240,831 | sec.gov |
| Net income | $-161,258 | $-165,407 | sec.gov |
| Taxes paid | $0 | $0 | sec.gov |
| Total assets | $36,533 | $60,682 | sec.gov |
| Cash | $25,530 | $47,678 | sec.gov |
| Accounts receivable | $0 | $0 | sec.gov |
| Short-term debt | $48,783 | $3,439 | sec.gov |
| Long-term debt | $477,342 | $287,276 | sec.gov |
Filings
| Filed | Filing | Target | Maximum | Deadline | Note | Source |
|---|---|---|---|---|---|---|
| November 4, 2024 | Progress update | $70,000 | $75,000 | September 20, 2024 | Total Amount Raised $75,000 | sec.gov |
| September 13, 2024 | Amendment | $70,000 | $75,000 | September 20, 2024 | Extend offering end date | sec.gov |
| August 30, 2024 | Amendment | $70,000 | $75,000 | September 15, 2024 | Extend offering end date | sec.gov |
| August 1, 2024 | Offering | $70,000 | $75,000 | September 2, 2024 | sec.gov | |
| April 24, 2024 | Progress update | $25,000 | $124,000 | April 5, 2024 | Total raised $49,161 | sec.gov |
| March 27, 2024 | Amendment | $25,000 | $124,000 | April 5, 2024 | Target offering minimum and end date updated | sec.gov |
| February 15, 2024 | Offering | $60,000 | $124,000 | March 31, 2024 | sec.gov |
Updated November 4, 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.