Adient Medical Financing
Adient Medical, Inc., Corporation just submitted form D about $1.80 million equity financing. This is a new filing. Adient Medical was able to fundraise $1.47 million. That is 81.51% of the fundraising offer. The total private offering amount was $1.80 million. The fundraising form was filed on 2016-07-13. The reason for the financing was: unspecified. The fundraising still has about $332,862 more and is not closed yet. We have to wait more to see if the offering will be fully taken.
Adient Medical is based in Texas. The filler’s business is Biotechnology. The form was signed by Mitchell Eggers Chief Executive Officer. The company was incorporated in 2012. The filler’s address is: 2315 Delta Bridge Drive, Pearland, Tx, Texas, 77584. Mitchell Eggers is the related person in the form and it has address: 2315 Delta Bridge Drive, Pearland, Tx, Texas, 77584. Link to Adient Medical Filing: 000167937816000001.
Analysis of Adient Medical Offering
On average, startups in the Biotechnology sector, sell 73.77% of the total offering amount. Adient Medical sold 81.51% of the offering. The fundraising is still open. Could this mean that the trust in Adient Medical is high? The average investment floor size for companies in the Biotechnology industry is $3.08 million. The offering was 52.37% smaller than the average of $3.08 million. Of course this should not be seen as negative. Firms get financed for different reasons and needs. 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 Adient Medical Also
The Form D signed by Mitchell Eggers might help Adient 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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