Spirit of Speedway
Early Stage
Spirit of Speedway
Overview
Raised: $25,000
Total Commitments ($USD)
Platform
Silicon Prairie Online
Start Date
12/26/2022
Close Date
05/31/2023
Min. Goal
$50,000
Max. Goal
$250,000
Min. Investment
$2,500
Security Type
Equity - Common
Series
Seed
Funding Type
RegCF
Price Per Share
$1.36
Pre-Money Valuation
$8,868,000
Rolling Commitments ($USD)
Status
Active
Reporting Date
02/02/2023
Days Remaining
118
% of Min. Goal
50%
% of Max. Goal
10%
Likelihood of Max
Avg. Daily Raise
$658
# of Investors
2
Momentum
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Location
INDIANAPOLIS, Indiana
Industry
Media, Entertainment & Publishing
Tech Sector
Non-Tech
Distribution Model
B2B/B2C
Margin
Medium
Capital Intensity
High
Spirit of Speedway is raising funds on Silicon Prairie Online. It is a one-of-a-kind Indy 500 program that allows investors to invest in the ownership of a race car entry for the Indy 500. The Indy 500 program is an exclusive program through Marotti Autosport that allows race fans to become a part of the team and celebrate the hometown of the Indianapolis Motor Speedway. Will Marotti founded Spirit of Speedway in June 2021. The current crowdfunding campaign has a minimum target of $50,000 and a maximum target of $250,000. The campaign proceeds will be used for the growth and expansion of the Spirit of Speedway program.
Summary Profit and Loss Statement
| Most Recent Year | Prior Year | |
|---|---|---|
|
Revenue |
$0 |
$0 |
|
COGS |
$0 |
$0 |
|
Tax |
$0 |
$0 |
| ||
| ||
|
Net Income |
$0 |
$0 |
Summary Balance Sheet
| Most Recent Year | Prior Year | |
|---|---|---|
|
Cash |
$0 |
$0 |
|
Accounts Receivable |
$0 |
$0 |
|
Total Assets |
$0 |
$0 |
|
Short-Term Debt |
$0 |
$0 |
|
Long-Term Debt |
$0 |
$0 |
|
Total Liabilities |
$0 |
$0 |
Financials as of: 12/26/2022
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