FAQ
The questions we actually get asked
Commercial answers, in plain language. None of it is legal advice, and where a question has a legal answer we say whose job it is.
+Is Sprowtt a funding portal?
This website is subscription software. It is not operated as a registered federal funding portal. Sprowtt CF (a FINRA member funding portal) and StateCF.com (a Florida OFR-registered intermediary) are separate services under their own terms and disclosures.
+Do you list our offering on your website?
No. Sprowtt publishes no catalog of offerings and does not advertise an issuer's offering. The notice is rendered onto the issuer's own website through the embed, where a notice of the issuer's offering belongs.
+Who pays, and for what?
Issuers and counsel firms pay a monthly subscription. Fees are not based on the amount of capital raised or the outcome of an offering, and there is no activation fee and no success fee.
+Do you hold investor funds?
Sprowtt is not intended to receive, custody or control investor funds through this platform. Escrow, banking and payment processing sit with banks and providers the issuer chooses and contracts with directly. Sprowtt receives no referral fee, commission, markup, revenue share, or other compensation from banks or escrow providers.
+Do we need an escrow agent for a Rule 506 offering?
Usually not. Where one is wanted, the issuer chooses any bank or escrow agent, contracts with it directly and pays its stated price directly; a per-offering minimum around $2,500 is the market. Sprowtt receives no referral fee, commission, markup, revenue share, or other compensation from banks or escrow providers.
+Can the notice live on our homepage?
Where the exemption allows it, paste a script or an iframe, or point a subdomain at us with a CNAME. No FTP, no cPanel, no server privileges. A Rule 506(b) room is invitation-only and will not render on a public page. Counsel should review any public-facing content.
+What workflows does the software cover?
Configurable rooms for Rule 506(b), Rule 506(c), Regulation A preparation including indications of interest, and Rule 147A intrastate files. Completing a software step does not make an exemption available or an offering compliant. Counsel reviews the specific transaction.
+Who files Form D and the state notices?
The issuer and its counsel. Completing a checklist in Sprowtt files nothing. We prepare the packet from what is already in the workspace; counsel files it.
+Do you introduce investors or sell lead lists?
No. This platform is not an investor-introduction service and not a lead marketplace. Completing a workspace step is not a request for investors. Confirm any capital-raising path with counsel.
+What is Florida Formation Weekend?
A two-day educational program covering formation planning, capital-raising considerations, operational checklists and workspace setup. The curriculum and the cost are sent by email after registration. It is educational: it does not guarantee financing, investor interest, bank approval or any fundraising result, and it does not replace advice from a qualified professional.