Applied Stemcell Financing
Applied Stemcell Inc, Corporation just released form D because of $19.00 million equity and debt financing. The date of first sale was 2016-05-18. Applied Stemcell was able to finance itself with $19.00 million. That is 100.00% of the financing offer. The total financing amount was $19.00 million. The financing form was filed on 2016-10-07. The reason for the financing was: Conversion of convertible note debt into Series D Preferred Stock, additional issuance of Series D Preferred Stock and the Common Stock issuable upon the conversion of such Preferred Stock..
Applied Stemcell is based in California. The company’s business is Biotechnology. The D form was signed by Ruhong Jiang PhD Chief Executive Officer. The company was incorporated more than five years ago. The filler’s address is: 521 Cottonwood Drive #111, Milpitas, Ca, California, 95035. Ruhong Jiang is the related person in the form and it has address: C/O Applied Stemcell, Inc., 521 Cottonwood Drive #111, Mipitas, Ca, California, 95035. Link to Applied Stemcell Filing: 000143722916000003.
Analysis of Applied Stemcell Offering
On average, startups in the Biotechnology sector, sell 73.77% of the total offering amount. Applied Stemcell sold 100.00% of the offering. Could this mean that the trust in Applied Stemcell is high? The average fundraising size for companies in the Biotechnology industry is $3.08 million. The total amount raised is 516.88% bigger than the average for companies in the Biotechnology sector. The minimum investment for this fundraising is set at $1. 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 Applied Stemcell Also
The Form D signed by Ruhong Jiang PhD might help Applied Stemcell 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.
Receive News & Ratings Via Email - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings with our FREE daily email newsletter.