Vertiflex, Inc., Corporation just had published form D for $15.15 million debt financing. This is a new filing. Vertiflex was able to finance itself with $15.15 million. That is 100.00% of the financing offer. The total offering amount was $15.15 million. The financing document was filed on 2016-10-10. The reason for the financing was: $15,000,000 new money; $148,999.99 upon the exercise of warrants.
Vertiflex is based in California. The filler’s business is Other Health Care. The SEC form was submitted by Earl R Fender President & CEO. The company was incorporated more than five years ago. The filler’s address is: 1351 Calle Avanzado, Suite 100, San Clemente, Ca, California, 92673. Earl R. Fender is the related person in the form and it has address: C/O Vertiflex, Inc., 1351 Calle Avanzado, Suite 100, San Clemente, Ca, California, 92673. Link to Vertiflex Filing: 000138597816000004.
Analysis of Vertiflex Offering
On average, firms in the Other Health Care sector, sell 68.60% of the total offering amount. Vertiflex sold 100.00% of the offering. Could this mean that the trust in Vertiflex is high? The average investment size for companies in the Other Health Care industry is $1.16 million. The total amount raised is 1,205.95% bigger than the average for companies in the Other Health Care sector. The minimum investment for this offering was 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 Vertiflex Also
The Form D signed by Earl R Fender might help Vertiflex, 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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