SEC Form D Coverage: Alastin Skincare $10.50 million Financing. Diane Goostree Released Oct 14 form D

Biotechnology Alastin Skincare, Inc. - Diane Goostree

Alastin Skincare Financing

Alastin Skincare, Inc., Corporation just had published form D announcing $10.50 million equity financing. The date of first sale was 2015-07-30. Alastin Skincare was able to fundraise $9.64 million. That is 91.82% of the offering. The total fundraising amount was $10.50 million. This form was filed on 2016-10-14. The reason for the financing was: unspecified. The fundraising still has about $859,026 more and is not closed yet. We have to wait more to see if the offering will be fully taken.

Alastin Skincare is based in California. The firm’s business is Biotechnology. The SEC form was filed by Diane Goostree President and Chief Executive Officer. The company was incorporated in 2015. The filler’s address is: 3129 Tiger Run Ct., Ste. 109, Carlsbad, Ca, California, 92010. Scott L. Glenn is the related person in the form and it has address: C/O Alastin Skincare, Inc., 3129 Tiger Run Ct., Ste. 109, Carlsbad, Ca, California, 92010. Link to Alastin Skincare Filing: 000114036116082973.

Analysis of Alastin Skincare Offering

On average, startups in the Biotechnology sector, sell 73.77% of the total offering amount. Alastin Skincare sold 91.82% of the offering. The financing is still open. Could this mean that the trust in Alastin Skincare is high? The average fundraising amount for companies in the Biotechnology industry is $3.08 million. The total amount raised is 213.02% bigger than the average for companies in the Biotechnology sector. 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 Alastin Skincare Also

The Form D signed by Diane Goostree might help Alastin Skincare, 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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