SEC Form D Coverage: Protosthetics $1.26 million Financing. Kevin A Mason Published Oct 14 Form D

Manufacturing Protosthetics, Llc - Kevin A Mason

Protosthetics Financing

Protosthetics, Llc, Limited Liability Company just filed form D about $1.26 million equity financing. This is a new filing. Protosthetics was able to finance itself with $210,000 so far. That is 16.67% of the fundraising. The total offering amount was $1.26 million. The financing form was filed on 2016-10-14. The reason for the financing was: Approximately $60,000 is the result of conversion of a convertible note triggered by the first sale of securities.. The fundraising still has about $1.05 million more and is not closed yet. We have to wait more to see if the offering will be fully taken.

Protosthetics is based in Minnesota. The filler’s business is Manufacturing. The D form was filed by Kevin A Mason Attorney. The company was incorporated in 2015. The filler’s address is: 502 4Th Street Se, Barnesville, Mn, Minnesota, 56514. Cooper Bierscheid is the related person in the form and it has address: 502 4Th Street Se, Barnesville, Mn, Minnesota, 56514. Link to Protosthetics Filing: 000168728516000001.

Analysis of Protosthetics Offering

On average, companies in the Manufacturing sector, sell 59.50% of the total offering amount. Protosthetics sold 16.67% of the offering. The fundraising is still open. The average investment offering size for companies in the Manufacturing industry is $763,000. The offering was 72.48% smaller than the average of $763,000. Of course this should not be taken as negative. Startups get financed for different reasons and needs. The minimum investment for this offering 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 Protosthetics Also

The Form D signed by Kevin A Mason might help Protosthetics, Llc’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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