Data / Crowdfunding / Oregon / Stemless Co.
Stemless Co.: crowdfunding raise on SI SECURITIES, LLC, $25,000 to $300,000 (2017)
Stemless Co., a corporation in Tigard, OR, filed a Form C with the SEC on September 18, 2017 to raise $25,000 to $300,000 in debt through SI SECURITIES, LLC. The offering closed on November 17, 2017. In its most recent fiscal year it reported $7,113 in revenue and a net loss of $20,288, with 5 employees.
SpecStream is the live web data engine for teams and agents. It reads every Form C on SEC EDGAR each morning, and this page is that reading. Ask for your own cut (a portal, a state, a size, a revenue range) and new raises arrive in your sheet, CRM, Slack or agent as they land.
- Website
- www.stemless.co
- Funding portal
- SI SECURITIES, LLC
- Address
- 9400 SW MILLEN DRIVE, Tigard, OR 97224
- Legal form
- Corporation
- Jurisdiction
- DE
- Incorporated
- September 28, 2015
- SEC CIK
- 0001697565
Offering terms
From the amendment filed September 18, 2017.
- Security
- Debt
- Price
- $1.00
- Target
- $25,000
- Maximum
- $300,000
- Deadline
- November 17, 2017
- Portal compensation
- SI Securities, LLC will receive a 7.5% cash commission on all sales through the broker-dealer and $10,000 (e.g., $7,500 cash and $10,000 on a raise of $100,00).
Financials
From the Form C-U filed November 30, 2017.
| Most recent fiscal year | Prior fiscal year | Source | |
|---|---|---|---|
| Revenue | $7,113 | $0 | sec.gov |
| Cost of goods sold | $5,801 | $0 | sec.gov |
| Net income | $-20,288 | $-5,252 | sec.gov |
| Taxes paid | $0 | $0 | sec.gov |
| Total assets | $18,212 | $27,500 | sec.gov |
| Cash | $18,212 | $0 | sec.gov |
| Accounts receivable | $0 | $0 | sec.gov |
| Short-term debt | $0 | $0 | sec.gov |
| Long-term debt | $0 | $0 | sec.gov |
Filings
| Filed | Filing | Target | Maximum | Deadline | Note | Source |
|---|---|---|---|---|---|---|
| November 30, 2017 | Progress update | $25,000 | $300,000 | November 17, 2017 | $255,000 is our best estimate for the total amount of securities that will be sold. | sec.gov |
| September 18, 2017 | Amendment | $25,000 | $300,000 | November 17, 2017 | Uploading video script. | sec.gov |
| September 18, 2017 | Offering | $25,000 | $300,000 | November 17, 2017 | sec.gov |
Updated November 30, 2017. 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.