Data / Crowdfunding / Minnesota / Springer Collections
Springer Collections: crowdfunding raise on Silicon Prairie Holdings Inc., $50,000 (2019)
Springer Collections, a corporation in St. Paul, MN, filed a Form C with the SEC on December 4, 2019 to raise $50,000 in Revenue Sharing Promissory Note (debt) Class B Preferred Stock (preferred stock) through Silicon Prairie Holdings Inc.. The offering closed on December 3, 2020. In its most recent fiscal year it reported $1,715,094 in revenue and a net loss of $337,463, with 11 employees.
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- Website
- www.springercollections.net
- Funding portal
- Silicon Prairie Holdings Inc.
- Address
- 876 E 7TH STREET, St. Paul, MN 55106
- Legal form
- Corporation
- Jurisdiction
- MN
- Incorporated
- November 3, 2009
- SEC CIK
- 0001795638
Offering terms
From the offering filed December 4, 2019.
- Security
- Revenue Sharing Promissory Note (debt) Class B Preferred Stock (preferred stock)
- Target
- $50,000
- Deadline
- December 3, 2020
- Portal compensation
- The intermediary will receive a fee equal to 5% of the total money raised in the offering, plus an onboarding fee of $2,500. The intermediary will also receive stock in the issuer equal to an additional 2% of total money raised in the offering.
Financials
From the Form C filed December 4, 2019.
| Most recent fiscal year | Prior fiscal year | Source | |
|---|---|---|---|
| Revenue | $1,715,094 | $1,221,892 | sec.gov |
| Cost of goods sold | $0 | $0 | sec.gov |
| Net income | $-337,463 | $-185,399 | sec.gov |
| Taxes paid | $0 | $0 | sec.gov |
| Total assets | $115,974 | $202,472 | sec.gov |
| Cash | $0 | $0 | sec.gov |
| Accounts receivable | $21,707 | $16,722 | sec.gov |
| Short-term debt | $450,528 | $144,344 | sec.gov |
| Long-term debt | $0 | $240,618 | sec.gov |
Filings
| Filed | Filing | Target | Maximum | Deadline | Note | Source |
|---|---|---|---|---|---|---|
| December 4, 2019 | Offering | $50,000 | Not listed | December 3, 2020 | sec.gov |
Updated December 4, 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.