Data / Crowdfunding / Texas / StadiumDrop LLC
StadiumDrop LLC: crowdfunding raise on Wefunder Portal LLC, $50,000 to $500,000 (2021)
StadiumDrop LLC, a limited liability company in Mckinney, TX, filed a Form C with the SEC on April 26, 2021 to raise $50,000 to $500,000 in Simple Agreement for Future Equity (SAFE) and Revenue Share Agreement. through Wefunder Portal LLC. The offering closed on April 30, 2022. In its most recent fiscal year it reported $1,394,440 in revenue and a net loss of $179,334, with 193 employees.
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- Website
- stadiumdrop.com
- Funding portal
- Wefunder Portal LLC
- Address
- 7540 S State Highway 121 SUITE 200, Mckinney, TX 75070
- Legal form
- Limited Liability Company
- Jurisdiction
- TX
- Incorporated
- January 23, 2020
- SEC CIK
- 0001841685
Offering terms
From the offering filed April 26, 2021.
- Security
- Simple Agreement for Future Equity (SAFE) and Revenue Share Agreement.
- Price
- $1.00
- Target
- $50,000
- Maximum
- $500,000
- Deadline
- April 30, 2022
- Portal compensation
- <p>5.5% of the offering amount upon a successful fundraise, and be entitled to reimbursement for out-of-pocket third party expenses it pays or incurs on behalf of the Issuer in connection with the offering.</p>
Financials
From the Form C-AR filed September 28, 2023.
| Most recent fiscal year | Prior fiscal year | Source | |
|---|---|---|---|
| Revenue | $1,394,440 | $924,415 | sec.gov |
| Cost of goods sold | $369,160 | $576,963 | sec.gov |
| Net income | $-179,334 | $-260,362 | sec.gov |
| Taxes paid | $0 | $0 | sec.gov |
| Total assets | $80,000 | $60,000 | sec.gov |
| Cash | $80,000 | $60,000 | sec.gov |
| Accounts receivable | $0 | $0 | sec.gov |
| Short-term debt | $225,000 | $0 | sec.gov |
| Long-term debt | $55,500 | $306,599 | sec.gov |
Filings
| Filed | Filing | Target | Maximum | Deadline | Note | Source |
|---|---|---|---|---|---|---|
| September 28, 2023 | Annual report | Not listed | Not listed | sec.gov | ||
| April 26, 2021 | Offering | $50,000 | $500,000 | April 30, 2022 | sec.gov |
Updated September 28, 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.