Data / Crowdfunding / Texas / Studio Pod Pro, Inc.
Studio Pod Pro, Inc.: crowdfunding raise on OpenDeal Portal LLC, $50,000 to $1,235,000 (2024)
Studio Pod Pro, Inc., a corporation in Houston, TX, filed a Form C with the SEC on July 3, 2024 to raise $50,000 to $1,235,000 in Crowd SAFE (Simple Agreement for Future Equity) through OpenDeal Portal LLC. The offering closed on October 5, 2024. In its most recent fiscal year it reported $309,968 in revenue and a net loss of $541,390, with 4 employees.
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- Website
- www.thestudiopod.com
- Funding portal
- OpenDeal Portal LLC
- Address
- 4809 BLOSSOM ST 1, Houston, TX 77007
- Legal form
- Corporation
- Jurisdiction
- DE
- Incorporated
- December 8, 2022
- SEC CIK
- 0002013628
Offering terms
From the amendment filed July 3, 2024.
- Security
- Crowd SAFE (Simple Agreement for Future Equity)
- Price
- $1.00
- Target
- $50,000
- Maximum
- $1,235,000
- Deadline
- October 5, 2024
- Portal compensation
- At the conclusion of the Offering, the Issuer shall pay the Intermediary the greater of (A) a fee of six percent (6%) of the dollar amount raised in the Offering or (B) a cash fee of twelve thousand dollars ($12,000.00).
Financials
From the Form C-U filed October 17, 2024.
| Most recent fiscal year | Prior fiscal year | Source | |
|---|---|---|---|
| Revenue | $309,968 | $206,554 | sec.gov |
| Cost of goods sold | $75,302 | $34,399 | sec.gov |
| Net income | $-541,390 | $35,714 | sec.gov |
| Taxes paid | $0 | $0 | sec.gov |
| Total assets | $500,346 | $303,129 | sec.gov |
| Cash | $306,780 | $37,850 | sec.gov |
| Accounts receivable | $11,854 | $0 | sec.gov |
| Short-term debt | $130,004 | $83,700 | sec.gov |
| Long-term debt | $927,490 | $250,000 | sec.gov |
Filings
| Filed | Filing | Target | Maximum | Deadline | Note | Source |
|---|---|---|---|---|---|---|
| October 17, 2024 | Progress update | $50,000 | $1,235,000 | October 5, 2024 | The Offering closed successfully on 10/6/2024, having received investment commitments of $50,126, although a final accounting has not taken place. | sec.gov |
| July 3, 2024 | Amendment | $50,000 | $1,235,000 | October 5, 2024 | This amendment is filed to (i) extend the Offering Deadline to October 5, 2024; and (ii) update the FINANCIAL INFORMATION section (regarding current cash balance and runway). | sec.gov |
| March 8, 2024 | Offering | $50,000 | $1,235,000 | July 6, 2024 | sec.gov |
Also on SpecStream
Updated October 17, 2024. 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.