Form D Don’t Lie: Maryland Health Advantage $18.50 million Fundraising. Patricia Brown Filed Oct 6 SEC Filing

Health Insurance Maryland Health Advantage, Llc - Patricia Brown

Maryland Health Advantage Financing

Maryland Health Advantage, Llc, Limited Liability Company just filed form D because of $18.50 million equity financing. This is a new filing. Maryland Health Advantage was able to finance itself with $18.50 million. That is 100.00% of the fundraising offer. The total financing amount was $18.50 million. The fundraising form was filed on 2016-10-06. The reason for the financing was: The total amount reported as sold includes cash to be paid by investors in the form of mandatory capital contributions, which may be reduced under certain circumstances.

Maryland Health Advantage is based in Maryland. The company’s business is Health Insurance. The D form was filed by Patricia Brown President. The company was incorporated in 2016. The filler’s address is: 6704 Curtis Court, Glen Burnie, Md, Maryland, 21060. Patricia Brown is the related person in the form and it has address: 6704 Curtis Court, Glen Burnie, Md, Maryland, 21060. Link to Maryland Health Advantage Filing: 000168632216000001.

Analysis of Maryland Health Advantage Offering

On average, firms in the Health Insurance sector, sell 87.80% of the total offering size. Maryland Health Advantage sold 100.00% of the offering. Could this mean that the trust in Maryland Health Advantage is high? The average financing size for companies in the Health Insurance industry is $617,000. The total amount raised is 2,898.38% bigger than the average for companies in the Health Insurance sector. The minimum investment for this offering 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 Maryland Health Advantage Also

The Form D signed by Patricia Brown might help Maryland Health Advantage, Llc’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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