SticNstac
Early Stage
Cable/wire positioning devices
Overview
Raised: $34,674
Total Commitments ($USD)
Platform
Netcapital
Start Date
01/03/2024
Close Date
06/28/2024
Min. Goal
$10,000
Max. Goal
$1,235,000
Min. Investment
$99
Security Type
Equity - Common
Series
Pre-Seed
SEC Filing Type
RegCF
Price Per Share
$1.00
Pre-Money Valuation
$18,800,000
Rolling Commitments ($USD)
Status
Active
Reporting Date
05/06/2024
Days Remaining
52
% of Min. Goal
347%
% of Max. Goal
3%
Likelihood of Max
Avg. Daily Raise
$280
Momentum
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Year Founded
2016
Industry
Consumer Products, Goods & Services
Tech Sector
Non-Tech
Distribution Model
B2B/B2C
Margin
Medium
Capital Intensity
Low
SticNstac, with a valuation of $18.8 million, is raising funds on NetCapital. The company makes an array of products that speed up the process of installation of wires and cables. SticNstac products can be installed before any cable or wire is run and make installation fast, easy, and safe for electricians. The business has multiple patents and has received awards and recognition for its products. William Fowkes founded SticNstac in February 2016. The current crowdfunding campaign has a minimum target of $10,000 and a maximum target of $1.24 million. The campaign proceeds will be used for compensation, personnel, new employees, manufacturing, marketing, sales, rent, utilities, debt retirement, accounts payable, and general and administrative expenses.
Summary Profit and Loss Statement
| FY 2023 | FY 2022 | |
|---|---|---|
|
Revenue |
$0 |
$0 |
|
COGS |
$0 |
$0 |
|
Tax |
$0 |
$0 |
| ||
| ||
|
Net Income |
$-43,446 |
$-27,601 |
Summary Balance Sheet
| FY 2023 | FY 2022 | |
|---|---|---|
|
Cash |
$99 |
$5,099 |
|
Accounts Receivable |
$0 |
$0 |
|
Total Assets |
$99 |
$5,099 |
|
Short-Term Debt |
$861,980 |
$758,534 |
|
Long-Term Debt |
$0 |
$0 |
|
Total Liabilities |
$861,980 |
$758,534 |
Financials as of: 01/03/2024
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