Lumithera, Inc., Corporation just had published form D announcing $5.00 million equity financing. This is a new filing. Lumithera, Inc. is expected to finance itself with $5.00 million in this round of financing. The total private offering amount was $5.00 million. The offering form was filed on 2016-10-18. The reason for the financing was: unspecified. The fundraising still has about $5.00 million more and is not closed yet. We have to wait more to see if the offering will be fully taken.
Lumithera is based in Washington. The filler’s business is Other Health Care. The form D was filed by Ryan Montecucco Attorney. The company was incorporated in 2013. The filler’s address is: 19332 Powder Hill Place, Poulsbo, Wa, Washington, 98370. Clark Tedford is the related person in the form and it has address: 19332 Powder Hill Place, Poulsbo, Wa, Washington, 98370. Link to Lumithera Filing: 000161538816000001.
Analysis of Lumithera Offering
On average, firms in the Other Health Care sector, sell 68.60% of the total offering amount. Lumithera sold 0.00% of the offering. The fundraising is still open. The average offering amount for companies in the Other Health Care industry is $1.16 million. The offering was 100.00% smaller than the average of $1.16 million. Of course this should not be taken as negative. Businesses get financed for a variety of needs and reasons. The minimum investment for this offering is set at $50000. 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 Lumithera Also
The Form D signed by Ryan Montecucco might help Lumithera, 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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