Athenex, Inc., Corporation just filed form D regarding $50.00 million debt financing. This is a new filing. Athenex was able to finance itself with $37.90 million so far. That is 75.80% of the round of financing. The total financing amount was $50.00 million. The form was filed on 2016-10-07. The reason for the financing was: unspecified. The fundraising still has about $12.10 million more and is not closed yet. We have to wait more to see if the offering will be fully taken.
Athenex is based in New York. The filler’s business is Biotechnology. The D form was submitted by Teresa Bair Senior Vice President Legal. The company was incorporated more than five years ago. The filler’s address is: 1001 Main Street, Suite 600, Buffalo, Ny, New York, 14203. Johnson Lau is the related person in the form and it has address: 1001 Main Street, Suite 600, Buffalo, Ny, New York, 14203. Link to Athenex Filing: 000130069916000007.
Analysis of Athenex Offering
On average, companies in the Biotechnology sector, sell 73.77% of the total offering size. Athenex sold 75.80% of the offering. The financing is still open. Could this mean that the trust in Athenex is high? The average investment size for companies in the Biotechnology industry is $3.08 million. The total amount raised is 1,130.52% bigger than the average for companies in the Biotechnology sector. The minimum investment for this fundraising was set at $0. If you know more about the reasons for the financing, 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 Athenex Also
The Form D signed by Teresa Bair might help Athenex, 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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