Disclosures
Platform role and limitations
Plain English first. What Sprowtt is, what it is not, and who is responsible for what.
What Sprowtt is
Sprowtt provides subscription software. Issuers and their advisors use it to organize offering materials, control who can see them, keep communication and activity records, and review reporting about deal-room activity.
What Sprowtt is not
- Not a broker-dealer, placement agent or investment adviser
- Not a registered federal funding portal, and not a FINRA member, through this website
- Not an escrow agent or bank, and not intended to receive, hold or move investor funds
- Not an investor-introduction service or a marketplace of offerings
Who does what
- Software functions — performed by Sprowtt
- Deal rooms, access control and permissions; document storage, versions and the audit trail; communication and notice records; activity reporting and generated descriptive summaries; filing trackers and prepared packets.
- Third-party functions — performed by providers the issuer or investor engages
- Accreditation and identity verification; banking, escrow and payment processing, under the issuer's own agreement with the provider it chooses; video conferencing and recording; electronic signature where connected. Each provider acts under its own agreement and its own regulatory status.
- Issuer and counsel responsibilities
- The choice of exemption and the structure of the offering; the content of every disclosure and communication; investor eligibility and suitability; filings with the SEC and the states; and the accounts that receive investor funds.
Escrow and banking
Issuers choose and contract directly with any bank or escrow provider they wish, and pay that provider's stated price directly. The provider — not Sprowtt — holds the funds.
Sprowtt receives no referral fee, commission, markup, revenue share, or other compensation from banks or escrow providers.
Deal-room content
Everything in a deal room is information provided by the issuer. Sprowtt does not verify it, approve it or endorse it.
Engagement insights
Reports and generated summaries describe observed activity in a deal room. They are informational only. They are not predictions, not recommendations, and not investment, legal, pricing or offering advice. Generated text can be wrong, and a pattern in a small number of visits can be coincidence.
Affiliated entities
Sprowtt may be affiliated with Sprowtt CF, a federally regulated funding portal and FINRA member, and with StateCF.com, a Florida OFR-registered intermediary. They provide separate services under their own terms and regulatory status. Looking for a regulated crowdfunding portal? That is Sprowtt CF, not this website.