Harbor Medtech Financing
Harbor Medtech, Inc., Corporation just released form D because of $8.47 million equity financing. The date of first sale was 2015-08-04. Harbor Medtech was able to sell $4.93 million so far. That is 58.23% of the round of financing. The total fundraising amount was $8.47 million. The financing document was filed on 2016-10-06. The reason for the financing was: unspecified. The fundraising still has about $3.54 million more and is not closed yet. We have to wait more to see if the offering will be fully taken.
Harbor Medtech is based in California. The firm’s business is Other Health Care. The D form was filed by W Jerome Mezger Chief Executive Officer. The company was incorporated more than five years ago. The filler’s address is: 4 Jenner, Suite 190, Irvine, Ca, California, 92618. W. Jerome Mezger is the related person in the form and it has address: 4 Jenner, Suite 190, Irvine, Ca, California, 92618. Link to Harbor Medtech Filing: 000154145616000002.
Analysis of Harbor Medtech Offering
On average, firms in the Other Health Care sector, sell 68.60% of the total offering amount. Harbor Medtech sold 58.23% of the offering. The financing is still open. The average fundraising amount for companies in the Other Health Care industry is $1.16 million. The total amount raised is 324.89% bigger than the average for companies in the Other Health Care 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 Harbor Medtech Also
The Form D signed by W Jerome Mezger might help Harbor Medtech, 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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