About Scranton Iron
Scranton Iron is a private company based in Hibbing, Minnesota, incorporated in 2019 in Minnesota. It has reported $6,950,000 raised in three offerings on Form D since March 2021.
Funding Rounds (SEC Form D)
| First sale | Filed with SEC | Amount sold | Investors | Avg. check | Terms | Filing |
|---|---|---|---|---|---|---|
| Feb 7, 2023 | Feb 9, 2023 | $750,000of $3.0M target | 1 | $750K | Issuance of common stock and unsecured subordinated convertible debenturesRule 506(b) | Form D ↗ |
| Jun 2, 2022 | Jun 3, 2022 | $2,500,000of $6.2M target | 1 | $2.5M | Equity, common stockRule 506(b) | Form D ↗ |
| Not yet | Mar 24, 2021 | $3,700,000of $5.0M target | 26 | $142K | Issuance of common stock and unsecured subordinated debenturesRule 506(b) | Form D ↗ |
| Total, three offerings | $6,950,000 | |||||
The filing for the offering first filed Mar 24, 2021 reports amount sold but first sale marked as not yet made. Figures are shown as filed.
First sale is the date the first investor in the offering committed to invest. Companies must file Form D within 15 days of that date, so filing dates run later.
Leadership Team
Executive officers and directors listed on Scranton Iron's Form D filed Feb 9, 2023.
LI
Larry Ishol
CFO and director
WK
William Kacal
Executive officer and director
GJ
G James
Executive officer and director
Earlier filings also listed James Bougalis (secretary and director, last listed Jun 2022).