Spectrum Spine

Spectrum Spine

Growth Stage

Stunning Nanotechnology Improves Surgical Outcomes

Stunning Nanotechnology Improves Surgical Outcomes

Overview

Raised this Round: Raised: $21,820

Total Commitments ($USD)

Platform

StartEngine

Start Date

08/29/2024

Close Date

11/27/2024

Min. Goal
$14,999
Max. Goal
$1,234,998
Min. Investment

$297

Security Type

Equity - Common

Series

Seed

SEC Filing Type

RegCF    Open SEC Filing

Price Per Share

$4.50

Pre-Money Valuation

$52,700,000

Year Founded

2019

Industry

Healthcare & Pharmaceuticals

Tech Sector

Medtech

Distribution Model

B2B

Margin

Low

Capital Intensity

High

Location

Inlet Beach, Florida

Business Type

Growth

Spectrum Spine, with a valuation of $52.7 million, is raising funds on StartEngine. It is a pre-revenue MedTech company with advanced nanotechnology to improve surgical outcomes. Spectrum Spine is bringing an implant portfolio to the market, eliminating the need for risky bone graft products with applicability in dental, orthopedics, and spine. The targeted nanotechnology of Spectrum Spine, BioBraille, induces bone growth from surface characteristics and improves surgical outcomes, reducing pain and inflammation. James Carey Robinson founded Spectrum Spine in October 2019. The current crowdfunding campaign has a minimum target of $14,998.50 and a maximum target of $1.23 million. The campaign proceeds will be used for research and development, company employment, operations, inventory, and working capital.

Summary Profit and Loss Statement

FY 2023 FY 2022

Revenue

$0

$0

COGS

$0

$0

Tax

$0

$0

 

 

Net Income

$-1,960,307

$-1,451,872

Summary Balance Sheet

FY 2023 FY 2022

Cash

$105,047

$2,154,473

Accounts Receivable

$0

$0

Total Assets

$2,670,563

$4,201,184

Short-Term Debt

$857,956

$1,462,770

Long-Term Debt

$7,006,082

$5,798,235

Total Liabilities

$7,864,038

$7,261,005

Financials as of: 08/29/2024
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Raise History

Offering Name Close Date Platform Valuation Total Raised Security Type Status Reg Type
Spectrum Spine 11/27/2024 StartEngine $52,700,000 $21,820 Equity - Common Active RegCF

No prior online funding rounds.

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Spectrum Spine on StartEngine 2024
Platform: StartEngine
Security Type: Equity - Common
Valuation: $52,700,000
Price per Share: $4.50

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