Data / Crowdfunding / California / Strom Motors Inc.
Strom Motors Inc.: crowdfunding raise on OpenDeal Portal LLC, $25,000 to $1,070,000 (2021)
Strom Motors Inc., a corporation in Santa Clara, CA, filed a Form C with the SEC on May 20, 2021 to raise $25,000 to $1,070,000 in Crowd SAFE through OpenDeal Portal LLC. The offering closed on June 30, 2021. In its most recent fiscal year it reported $0 in revenue and $0 in net income.
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.strommotors.com
- Funding portal
- OpenDeal Portal LLC
- Address
- 4534 LAIRD CIRCLE, Santa Clara, CA 95054
- Legal form
- Corporation
- Jurisdiction
- DE
- Incorporated
- December 4, 2020
- SEC CIK
- 0001838216
Offering terms
From the amendment filed May 20, 2021.
- Security
- Crowd SAFE
- Price
- $1.00
- Target
- $25,000
- Maximum
- $1,070,000
- Deadline
- June 30, 2021
- Portal compensation
- At the conclusion of the offering, the issuer shall pay a fee of six percent (6%) of the amount raised in the offering to the Intermediary.
Financials
From the Form C-U filed July 1, 2021.
| Most recent fiscal year | Prior fiscal year | Source | |
|---|---|---|---|
| Revenue | $0 | $0 | sec.gov |
| Cost of goods sold | $0 | $0 | sec.gov |
| Net income | $0 | $0 | sec.gov |
| Taxes paid | $0 | $0 | sec.gov |
| Total assets | $0 | $0 | sec.gov |
| Cash | $0 | $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 |
|---|---|---|---|---|---|---|
| July 1, 2021 | Progress update | $25,000 | $1,070,000 | June 30, 2021 | The Offering closed successfully on 07.01.2021, having received investment commitments of $312,687, although a final accounting has not taken place. | sec.gov |
| May 20, 2021 | Amendment | $25,000 | $1,070,000 | June 30, 2021 | Strom Motors Inc. is filing this C/A to disclose the closing of a material acquisition of intellectual property for its business, adding a maximum individual purchase amount, amplifying the risk factors, and disclosing a related party transaction. | sec.gov |
| March 12, 2021 | Offering | $25,000 | $1,070,000 | June 30, 2021 | sec.gov |
Updated July 1, 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.