Cianna Medical Financing
Cianna Medical Inc, Corporation just filed form D regarding $7.31 million equity financing. This is a new filing. Cianna Medical was able to sell $4.25 million so far. That is 58.11% of the financing round. The total offering amount was $7.31 million. The offering form was filed on 2016-10-12. The reason for the financing was: unspecified. The fundraising still has about $3.06 million more and is not closed yet. We have to wait more to see if the offering will be fully taken.
Cianna Medical is based in California. The filler’s business is Other Health Care. The D form was signed by Jill Anderson CEO. The company was incorporated more than five years ago. The filler’s address is: 6 Journey, Suite 325, Aliso Viejo, Ca, California, 92656. Jill Anderson is the related person in the form and it has address: C/O Cianna Medical, Inc., 6 Journey, Suite 125, Aliso Viejo, Ca, California, 92656. Link to Cianna Medical Filing: 000141840716000002.
Analysis of Cianna Medical Offering
On average, companies in the Other Health Care sector, sell 68.60% of the total offering size. Cianna Medical sold 58.11% of the offering. The financing is still open. The average investment floor size for companies in the Other Health Care industry is $1.16 million. The total amount raised is 266.22% 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 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 Cianna Medical Also
The Form D signed by Jill Anderson might help Cianna Medical 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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