Circulogene Theranostics Financing
Circulogene Theranostics, Llc, Limited Liability Company just filed form D because of $1.00 million debt financing. This is a new filing. Circulogene Theranostics was able to sell $750,000 so far. That is 75.00% of the round of financing. The total private offering amount was $1.00 million. The form was filed on 2016-10-06. The reason for the financing was: unspecified. The fundraising still has about $250,000 more and is not closed yet. We have to wait more to see if the offering will be fully taken.
Circulogene Theranostics is based in Alabama. The firm’s business is Other Health Care. The form was signed by Michael V Mullen CEO. The company was incorporated in 2015. The filler’s address is: 3125 Independence Drive, Suite 301, Birmingham, Al, Alabama, 35209. Michael V. Mullen is the related person in the form and it has address: 3125 Independence Drive, Suite 301, Homewood, Al, Alabama, 35209. Link to Circulogene Theranostics Filing: 000164672816000003.
Analysis of Circulogene Theranostics Offering
On average, companies in the Other Health Care sector, sell 68.60% of the total offering amount. Circulogene Theranostics sold 75.00% of the offering. The financing is still open. Could this mean that the trust in Circulogene Theranostics is high? The average fundraising amount for companies in the Other Health Care industry is $1.16 million. The offering was 35.34% smaller than the average of $1.16 million. Of course this should not be seen as negative. Firms get financed for different reasons and needs. The minimum investment for this offering is set at $5000. 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 Circulogene Theranostics Also
The Form D signed by Michael V Mullen might help Circulogene Theranostics, 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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