Data / Crowdfunding / Utah / Sprout CF Fund, Inc.
Sprout CF Fund, Inc.: crowdfunding raise on EquityDoor, LLC, $200,000 to $1,070,000 (2020)
Sprout CF Fund, Inc., a corporation in Lehi, UT, filed a Form C with the SEC on April 20, 2020 to raise $200,000 to $1,070,000 in preferred stock through EquityDoor, LLC. The offering closed on October 24, 2020. In its most recent fiscal year it reported $163,466 in revenue and $33,566 in net income, with 1 employees.
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- Website
- crowdlustro.com
- Funding portal
- EquityDoor, LLC
- Address
- 2912 EXECUTIVE PKWY, SUITE 120, Lehi, UT 84043
- Legal form
- Corporation
- Jurisdiction
- NV
- Incorporated
- August 13, 2019
- SEC CIK
- 0001792115
Offering terms
From the amendment filed April 20, 2020.
- Security
- Preferred Stock
- Price
- $1.00
- Target
- $200,000
- Maximum
- $1,070,000
- Deadline
- October 24, 2020
- Portal compensation
- Up to 6.00% of the amount raised, depending on the amount raised, as set forth in greater detail in the Issuer's Form C.
Financials
From the Form C-AR filed April 28, 2021.
| Most recent fiscal year | Prior fiscal year | Source | |
|---|---|---|---|
| Revenue | $163,466 | $0 | sec.gov |
| Cost of goods sold | $129,900 | $0 | sec.gov |
| Net income | $33,566 | $0 | sec.gov |
| Taxes paid | $0 | $0 | sec.gov |
| Total assets | $858,866 | $0 | sec.gov |
| Cash | $705,191 | $0 | sec.gov |
| Accounts receivable | $0 | $0 | sec.gov |
| Short-term debt | $30,474 | $12,006 | sec.gov |
| Long-term debt | $55,560 | $0 | sec.gov |
Filings
| Filed | Filing | Target | Maximum | Deadline | Note | Source |
|---|---|---|---|---|---|---|
| May 6, 2021 | Termination of reporting | Not listed | Not listed | sec.gov | ||
| April 28, 2021 | Annual report | Not listed | Not listed | sec.gov | ||
| December 8, 2020 | Progress update | $200,000 | $1,070,000 | October 24, 2020 | The issuer raised $802,456.80 and has completed this round of fundraising. | sec.gov |
| May 1, 2020 | Annual report | Not listed | Not listed | sec.gov | ||
| April 20, 2020 | Amendment | $200,000 | $1,070,000 | October 24, 2020 | The "Offering Deadline", originally disclosed as April 24, 2020, has been extended through October 24, 2020, as permitted in the Issuer's Form C. | sec.gov |
| April 20, 2020 | Progress update | $200,000 | $1,070,000 | April 24, 2020 | Target Amount in the Form C reached, Issuer intends to engage in second interim close and collection of committed funds and then a subsequent re-opening of its offering and extension of the original offering deadline, consistent with Form C. | sec.gov |
| January 23, 2020 | Progress update | $200,000 | $1,070,000 | April 24, 2020 | Target Amount in the Form C reached, Issuer intends to engage in initial close and collection of committed funds and then a subsequent re-opening of its offering. | sec.gov |
| October 25, 2019 | Offering | $200,000 | $1,070,000 | April 24, 2020 | sec.gov |
Updated May 6, 2021. 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.