Photon Medical Communications Financing
Photon Medical Communications, Inc., Corporation just released form D for $2.50 million equity financing. The date of first sale was 2015-02-12. Photon Medical Communications was able to finance itself with $1.29 million so far. That is 51.60% of the fundraising. The total private financing amount was $2.50 million. The offering form was filed on 2016-10-14. The reason for the financing was: unspecified. The fundraising still has about $1.21 million more and is not closed yet. We have to wait more to see if the offering will be fully taken.
Photon Medical Communications is based in Arizona. The company’s business is not disclosed. The form was filed by Aaron J Smidt Chief Financial Officer. The company was incorporated in 2013. The filler’s address is: 6263 N. Scottsdale Road, Suite 225, Scottsdale, Az, Arizona, 85250. Aaron J. Smidt is the related person in the form and it has address: 6263 N. Scottsdale Road, Suite 225, Scottsdale, Az, Arizona, 85250. Link to Photon Medical Communications Filing: 000161963716000002.
Analysis of Photon Medical Communications Offering
On average, startups in the not disclosed sector, sell 67.77% of the total offering amount. Photon Medical Communications sold 51.60% of the offering. The fundraising is still open. The average investment offering size for companies in all industries in our database is $3.05 million. The offering was 57.70% smaller than the average of $3.05 million. Of course this should not be taken as negative. Businesses get financed for different needs and reasons. The minimum investment for this financing was set at $50000. 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 Photon Medical Communications Also
The Form D signed by Aaron J Smidt might help Photon Medical Communications, 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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