Form D Coverage: Kurin $3.00 million Fundraising. Bobby E Rogers Released Oct 6 SEC form

Biotechnology Kurin, Inc. - Bobby E Rogers

Kurin Financing

Kurin, Inc., Corporation just filed form D about $3.00 million equity financing. This is a new filing. Kurin was able to sell $2.32 million so far. That is 77.40% of the fundraising offer. The total offering amount was $3.00 million. The private financing document was filed on 2016-10-06. The reason for the financing was: unspecified. The fundraising still has about $678,000 more and is not closed yet. We have to wait more to see if the offering will be fully taken.

Kurin is based in California. The company’s business is Biotechnology. The form was submitted by Bobby E Rogers President and Chief Executive Officer. The company was incorporated in 2015. The filler’s address is: 10755 Scripps Poway Parkway, No. 257, San Diego, Ca, California, 92131. Bobby E. Rogers is the related person in the form and it has address: 10755 Scripps Poway Parkway, No. 257, San Diego, Ca, California, 92131. Link to Kurin Filing: 000168680516000001.

Analysis of Kurin Offering

On average, startups in the Biotechnology sector, sell 73.77% of the total offering size. Kurin sold 77.40% of the offering. The fundraising is still open. Could this mean that the trust in Kurin is high? The average investment floor size for companies in the Biotechnology industry is $3.08 million. The offering was 24.61% smaller than the average of $3.08 million. Of course this should not be taken as negative. Businesses get financed for different needs and reasons. 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 Kurin Also

The Form D signed by Bobby E Rogers might help Kurin, 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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