Stereotaxis, Inc., Corporation just had published form D announcing $24.00 million equity financing. This is a new filing. Stereotaxis was able to sell $24.00 million. That is 100.00% of the financing offer. The total financing amount was $24.00 million. The offering form was filed on 2016-10-04. The reason for the financing was: unspecified.
Stereotaxis is based in Missouri. The firm’s business is Other Technology. The D form was submitted by Karen Witte Duros Sr. Vice President, General Counsel & Secretary. The company was incorporated more than five years ago. The filler’s address is: 4320 Forest Park Avenue, Suite 100, St.Louis, Mo, Missouri, 63108. William C. Mills Iii is the related person in the form and it has address: C/O Stereotaxis, Inc., 4320 Forest Park Avenue, Suite 100, St. Louis, Mo, Missouri, 63108. Link to Stereotaxis Filing: 000095013816001388.
Analysis of Stereotaxis Offering
On average, startups in the Other Technology sector, sell 85.80% of the total offering amount. Stereotaxis sold 100.00% of the offering. Could this mean that the trust in Stereotaxis is high? The average offering size for companies in the Other Technology industry is $1.54 million. The total amount raised is 1,458.44% bigger than the average for companies in the Other Technology sector. The minimum investment for this financing is set at $0. If you know more about the reasons for the fundraising, please comment below.
What is Form D? What It Is Used For
Form D disclosures could be used to track and understand better your competitors. The information in Form D is usually highly confidential for ventures and startups and they don’t like revealing it. This is because it reveals amount raised or planned to be raised as well as reasons for the financing. This could help competitors. Entrepreneurs usually want to keep their financing a ‘secret’ so they can stay in stealth mode for longer.
Why Fundraising Reporting Is Good For Stereotaxis Also
The Form D signed by Karen Witte Duros might help Stereotaxis, Inc.’s sector. First, it helps potential customers feel more safe to deal with a firm that is well financed. The odds are higher that it will stay in the business. Second, this could attract other investors such as venture-capital firms, funds and angels. Third, positive PR effects could even bring leasing firms and venture lenders.
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