Pricing
One monthly subscription, and your company keeps control of its offering
Fees on this platform are not based on the amount raised or the outcome of an offering. Escrow, accreditation and legal review are contracted and billed by those providers directly. Pricing is sent to a confirmed email address.
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For companies
Issuer
Price sent to a confirmed email
One company workspace.
- One live offering
- Rule 506(b), 506(c), Reg A test-the-waters or Rule 147A
- The full deal room and data room
- Tombstone embed for your own website
- Investor seats and the relationship log
- Investor updates the company writes and sends itself, to its own deal room
- Bank and escrow instruction sheet
- Conferences the company holds, with recording
Most used by firms
Counsel firm
Price sent to a confirmed email
Up to 3 offerings on one firm seat.
- Up to 3 offerings on one seat
- A live view of invitations, room access and document versions while the raise runs
- Review queue, holds and blocking clearance
- Approve or return a company's investor updates
- Rule 506(d) bad-actor questionnaires for each company's covered persons
- Corporate records checked against the company's state of incorporation
- Form D, Form 1-A and state notice outlines prefilled from the workspace; counsel files
- Audit export and the per-offering binder
- Priority onboarding
For testing the waters
Reg A lab
Price sent to a confirmed email
Test the waters properly. The plan for a company that is only testing the waters under Regulation A.
- Test-the-waters room and notice, with the statements Rule 255 requires
- Reservations (non-binding indications of interest) only: no money is taken and nothing is sold
- Reservations counted and totalled
- Readiness checklist
- Counsel review
- Filings tracker for counsel
- Not a mini-IPO underwriter
What we never charge
- A percentage of the amount raised
- A success fee, a carry or a commission
- An activation fee, or a fee scaled to your target
- A charge to your investors
- A fee for a referral or an introduction: Sprowtt makes neither
Cancellation returns the workspace to read-only with an export, so the file stays the company's even after the subscription ends.
Non-payment. If the monthly subscription is not paid, Sprowtt will suspend the offering on its platform: the offering's card and deal room stop taking new reservations and subscriptions, and the workspace stays readable, with an export. The company agrees to treat non-payment, and the suspension that follows, as a change in a material fact about its offering. Sprowtt may tell the offering's investors and counsel that the offering is suspended on Sprowtt because the subscription fee is unpaid.