Build Sep 29, 2026, 12:09 PM ET · version da23c6c

Sprowtt — Growing Business in America
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Platform features

Everything in the workspace, listed plainly

The company runs it. Its securities counsel reviews it. Sprowtt supplies the tools and keeps the record. Sprowtt puts the company back in control of its own offering and its own investor relationships.

The offering file

  • A sectioned deal room — summary, the business, products, market, competition, team and board, use of proceeds, financial condition, risks, terms, FAQ and the rest — with a per-section completeness state
  • Each section checked for guaranteed or risk-free claims, a regulator described as approving the offering, a specific percentage return, pressure language and comparisons to famous companies; the room cannot publish until they are rewritten
  • A data room with per-document visibility and a record of every open and download
  • Document versions kept, so a change is visible rather than silent
  • Material-change notices to everyone who has indicated, subscribed or paid, with a reconfirm-or-cancel answer recorded for each

Testing the waters under Regulation A

  • Sprowtt supports testing the waters: a Regulation A room that collects indications of interest only. No money is taken, nothing is sold, and an indication involves no obligation or commitment of any kind
  • The notice carries the statements Rule 255 requires, and after the Form 1-A is publicly filed, where the preliminary offering circular can be obtained
  • The language check blocks buying, reservation and commitment wording on the room, its notices and the company's investor updates
  • Indications counted and totalled; no subscription, payment or cap-table issuance can be recorded under the room

Investors

  • Investor records with status from invited through to closed
  • Rule 506(b) relationship log — how the company knew each person, and when, recorded before the invitation
  • Indications of interest, subscriptions and the company's own cancellation window
  • A dated closing binder counsel assembles from the file
  • Investor updates the company writes and sends itself, only to people already in its deal room, chosen by status — with its own name as the sender, its postal address, an unsubscribe link, and a record of every delivery

The notice on the company's own site

  • Script, iframe and CNAME publishing, with no FTP, cPanel or server privileges
  • Room-type gates enforced server-side — a Rule 506(b) card will not render publicly
  • Legends carried on the card and kept in sync with the workspace
  • A render log: which host asked for the card, when, and whether a token was used

Conferences the company holds

The company holds its own investor conferences by video or other methods, using Sprowtt's tools. Sprowtt does not meet with investors, does not match or introduce companies and investors, and none of its tools is used on its own for investor outreach.

  • Presentations, one-to-one meetings and question-and-answer sessions the company schedules for people in its deal room
  • Recording through a connected video provider, kept against the offering file
  • Replay for the people the company invited, with each replay logged

What the room records for the company

  • How many times each document was opened and downloaded, version by version
  • Where the notice on the company's own site was shown, by host
  • Indications of interest: how many, and their total
  • Who answered each material-change notice, and how
  • Each investor update: how many people it went to, delivered, held back and unsubscribed
  • A readiness checklist naming what is incomplete

Counsel

Built to work alongside the company's securities counsel. Counsel reviews; Sprowtt gives no legal advice and approves no offering.

  • Every company workspace on the firm's seat, in one review queue
  • Clear or block a deal-room section, approve or return an investor update, and hold a whole offering — a block or a hold actually stops publication
  • Audit export and a per-offering closing binder
Sprowtt does not determine whether a company qualifies for an exemption, approve offering materials, decide investor suitability, verify legal compliance, recommend an investment or guarantee an outcome. Completing a step in the software is not SEC approval of an offering.

Offering types this software does not run

Raising capital in Florida?Florida companies can conduct Invest Local (s. 517.0612) and Limited Offering (s. 517.0611) raises on StateCF.com. Invest Local does not require an intermediary; a Limited Offering of $2.5 million or more must use a registered dealer or intermediary. StateCF.com is a Florida OFR-registered intermediary. Registration does not imply that such person has been sponsored, recommended, or approved by the state or an agency or officer of the state or by the United States or an agency or officer of the United States. Rule 147A needs a principal place of business in Florida plus one doing-business test: 80% of revenue, 80% of assets or 80% of net proceeds used in Florida, or a majority of employees based there. Florida adds its own tests for the company: Invest Local requires a for-profit entity registered with the Florida Department of State with its principal place of business in Florida, and a Limited Offering requires revenue derived primarily from Florida operations. Registering to do business, filing a notice or spending proceeds in Florida does not by itself make a company eligible. StateCF can explain the pathway but cannot promise eligibility.Visit StateCF.com Federal crowdfunding (Regulation CF)?Regulation Crowdfunding offerings must run through a registered funding portal. For federal crowdfunding, see Sprowtt CF, a federally regulated funding portal and FINRA member.Visit Sprowtt CF

Separate services under their own terms and regulatory status. Neither is operated through this website.