Data / Crowdfunding / California / SV TOOL Corp
SV TOOL Corp: crowdfunding raise on OpenDeal Portal LLC, $25,000 to $1,070,000 (2022)
SV TOOL Corp, a corporation in Geyserville, CA, filed a Form C with the SEC on April 21, 2022 to raise $25,000 to $1,070,000 in Nominee Crowd SAFE (Simple Agreement for Future Equity) through OpenDeal Portal LLC. The offering closed on April 21, 2023. In its most recent fiscal year it reported $2,856,196 in revenue and a net loss of $629,097, 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.altwork.com
- Funding portal
- OpenDeal Portal LLC
- Address
- 400 BREEZEWOOD DR, Geyserville, CA 95441
- Legal form
- Corporation
- Jurisdiction
- CA
- Incorporated
- December 20, 2010
- SEC CIK
- 0001621374
Offering terms
From the amendment filed April 21, 2022.
- Security
- Nominee Crowd SAFE (Simple Agreement for Future Equity)
- Price
- $1.00
- Target
- $25,000
- Maximum
- $1,070,000
- Deadline
- April 21, 2023
- 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 October 3, 2022.
| Most recent fiscal year | Prior fiscal year | Source | |
|---|---|---|---|
| Revenue | $2,856,196 | $2,934,527 | sec.gov |
| Cost of goods sold | $1,335,678 | $1,471,325 | sec.gov |
| Net income | $-629,097 | $-256,909 | sec.gov |
| Taxes paid | $0 | $0 | sec.gov |
| Total assets | $1,190,790 | $1,574,330 | sec.gov |
| Cash | $324,838 | $939,841 | sec.gov |
| Accounts receivable | $183,647 | $48,173 | sec.gov |
| Short-term debt | $923,964 | $701,532 | sec.gov |
| Long-term debt | $6,287,388 | $6,270,260 | sec.gov |
Filings
| Filed | Filing | Target | Maximum | Deadline | Note | Source |
|---|---|---|---|---|---|---|
| October 3, 2022 | Progress update | $25,000 | $1,070,000 | April 21, 2023 | The Offering closed successfully on 10/1/2022, having received investment commitments of $224,648.30, although a final accounting has not taken place. | sec.gov |
| April 21, 2022 | Amendment | $25,000 | $1,070,000 | April 21, 2023 | This material amendment is filed to update the Company financial statements to include 2021 and extend the Offering Deadline from April 21 2022 to April 21 2023. | sec.gov |
| April 13, 2022 | Amendment | $25,000 | $1,070,000 | April 21, 2022 | Amending page 1 of April 1, 2022 Form C A to change the Offering Deadline from April 14, 2022 to April 21, 2022 and amending page 1 of March 1, 2022 Form C changing the Offering Deadline from April 14, 2022 to April 21, 2022 | sec.gov |
| April 1, 2022 | Amendment | $25,000 | $1,070,000 | April 21, 2022 | This non-material amendment is filed to note the change in the Escrow Agent. | sec.gov |
| March 1, 2022 | Offering | $25,000 | $1,070,000 | April 21, 2022 | sec.gov |
Updated October 3, 2022. 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.