Sting Ray Robb
Early Stage
The Man Behind the Wheel
Overview
Raised: $45,300
Total Commitments ($USD)
Platform
Dealmaker Securities
Start Date
04/02/2024
Close Date
02/28/2025
Min. Goal
$10,000
Max. Goal
$1,235,000
Min. Investment
$200
Security Type
Equity - Common
SEC Filing Type
RegCF
Price Per Share
$1.00
Rolling Commitments ($USD)
Status
Active
Reporting Date
05/08/2024
Days Remaining
295
% of Min. Goal
453%
% of Max. Goal
4%
Likelihood of Max
Avg. Daily Raise
$1,258
# of Investors
59
Momentum
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Year Founded
2016
Industry
Media, Entertainment & Publishing
Tech Sector
Non-Tech
Location
Payette, Idaho
Sting Ray Robb is raising funds on Dealmaker Securities. The company manages the racing career of Sting Ray Robb, an IndyCar driver. The racer is also a devout Christian and uses his platform, fame, and celebrity to promote Christianity within the motorsports industry and elsewhere. Sting Ray Robb received the Move of the Year Award and the Indy Pro 2000 Champion Award in 2020, was placed eighth in 2021, was the Vice Champion in 2022, and was one of the only 27 IndyCar drivers to receive the Rookie Year Award for 2023. Jimmie Serrano founded Sting Ray Robb in December 2016. The current crowdfunding campaign has a minimum target of $10,000 and a maximum target of $1.23 million. The campaign proceeds will be used for payroll, marketing and advertising, debt repayment, and general and administrative expenses.
Summary Profit and Loss Statement
| FY 2023 | FY 2022 | |
|---|---|---|
|
Revenue |
$1,803,330 |
$176,858 |
|
COGS |
$11,116 |
$0 |
|
Tax |
$0 |
$0 |
| ||
| ||
|
Net Income |
$3,787,438 |
$168,429 |
Summary Balance Sheet
| FY 2023 | FY 2022 | |
|---|---|---|
|
Cash |
$42,188 |
$570,429 |
|
Accounts Receivable |
$0 |
$0 |
|
Total Assets |
$42,188 |
$570,429 |
|
Short-Term Debt |
$3,650,000 |
$400,000 |
|
Long-Term Debt |
$0 |
$0 |
|
Total Liabilities |
$3,650,000 |
$400,000 |
Financials as of: 04/02/2024
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