Data / Crowdfunding / California / Spotlight: Girls
Spotlight: Girls: crowdfunding raise on MiTec, PBC, $25,000 to $275,000 (2019)
Spotlight: Girls, a corporation in Oakland, CA, filed a Form C with the SEC on January 10, 2019 to raise $25,000 to $275,000 in preferred stock through MiTec, PBC. The offering closed on January 18, 2019. In its most recent fiscal year it reported $293,351 in revenue and a net loss of $84,471, with 40 employees.
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- Website
- www.spotlightgirls.com
- Funding portal
- MiTec, PBC
- Address
- 671 63RD ST, Oakland, CA 94609
- Legal form
- Corporation
- Jurisdiction
- CA
- Incorporated
- May 10, 2016
- SEC CIK
- 0001675481
Offering terms
From the amendment filed January 10, 2019.
- Security
- Preferred Stock
- Price
- $5.00
- Target
- $25,000
- Maximum
- $275,000
- Deadline
- January 18, 2019
- Portal compensation
- 6.5% of offering proceeds that are actually distributed to the issuer.
Financials
From the Form C-U filed February 22, 2019.
| Most recent fiscal year | Prior fiscal year | Source | |
|---|---|---|---|
| Revenue | $293,351 | $334,040 | sec.gov |
| Cost of goods sold | $377,822 | $351,138 | sec.gov |
| Net income | $-84,471 | $-17,098 | sec.gov |
| Taxes paid | $0 | $0 | sec.gov |
| Total assets | $15,112 | $93,780 | sec.gov |
| Cash | $12,017 | $93,780 | sec.gov |
| Accounts receivable | $3,005 | $0 | sec.gov |
| Short-term debt | $55,908 | $32,877 | sec.gov |
| Long-term debt | $268,735 | $195,005 | sec.gov |
Filings
| Filed | Filing | Target | Maximum | Deadline | Note | Source |
|---|---|---|---|---|---|---|
| February 22, 2019 | Progress update | $25,000 | $275,000 | January 18, 2019 | The total amount of securities sold in the offering was $33,396. | sec.gov |
| January 10, 2019 | Amendment | $25,000 | $275,000 | January 18, 2019 | Extending campaign deadline; lowering minimum target offering amount; raising maximum offering amount; changing use of proceeds; and changing the minimum target number and maximum number of securities to be offered. | sec.gov |
| November 14, 2018 | Amendment | $50,000 | $250,000 | December 31, 2018 | Extending campaign deadline; correcting number of preferred shares outstanding; adding pre-money valuation; attaching term sheet and subscription agreement (with slight change to repeat purchase price); and slight changes to summary of terms for clarity. | sec.gov |
| October 12, 2018 | Amendment | $50,000 | $250,000 | November 15, 2018 | Adding employment information and CRD number. | sec.gov |
| October 1, 2018 | Amendment | $50,000 | $250,000 | November 15, 2018 | Adding general legends; adding preface to financial condition; additional job and debt info; additional cancellation info; fixing typo in securities description; adding investor deck, executive summary, quotes, campaign page text and video transcript. | sec.gov |
| August 21, 2018 | Offering | $50,000 | $250,000 | November 15, 2018 | sec.gov | |
| August 21, 2018 | Annual report | Not listed | Not listed | sec.gov | ||
| June 27, 2016 | Amendment | $25,000 | $100,000 | December 20, 2016 | Include Articles of Incorporation and updated business plan | sec.gov |
| June 23, 2016 | Offering | $25,000 | $100,000 | December 20, 2016 | sec.gov |
Updated February 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.