Edge Surgical Financing
Edge Surgical, Inc., Corporation just had published form D for $1.40 million equity and debt financing. This is a new filing. Edge Surgical was able to sell $846,387 so far. That is 60.61% of the fundraising offer. The total offering amount was $1.40 million. This form was filed on 2016-10-13. The reason for the financing was: A portion of the Total Offering Amount and Total Amount Sold comprise of the principal and interest amounts of Company-issued convertible promissory notes.. The fundraising still has about $550,000 more and is not closed yet. We have to wait more to see if the offering will be fully taken.
Edge Surgical is based in Illinois. The filler’s business is Other Health Care. The form was filed by Christopher Wilson Chief Executive Officer. The company was incorporated in 2015. The filler’s address is: 222 Merchandise Mart Plaza, Chicago, Il, Illinois, 60654. Christopher Wilson is the related person in the form and it has address: 222 Merchandise Mart Plaza, Chicago, Il, Illinois, 60654. Link to Edge Surgical Filing: 000168716416000002.
Analysis of Edge Surgical Offering
On average, companies in the Other Health Care sector, sell 68.60% of the total offering amount. Edge Surgical sold 60.61% of the offering. The fundraising is still open. The average fundraising size for companies in the Other Health Care industry is $1.16 million. The offering was 27.04% smaller than the average of $1.16 million. Of course this should not be interpreted as negative. Firms get financed for a variety of needs and reasons. The minimum investment for this financing 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 Edge Surgical Also
The Form D signed by Christopher Wilson might help Edge Surgical, 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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