Bigfoot Biomedical Financing
Bigfoot Biomedical, Inc., Corporation just had published form D announcing $41.10 million equity financing. This is a new filing. Bigfoot Biomedical was able to fundraise $34.67 million. That is 84.37% of the fundraising. The total private offering amount was $41.10 million. The financing form was filed on 2016-10-18. The reason for the financing was: unspecified. The fundraising still has about $6.42 million more and is not closed yet. We have to wait more to see if the offering will be fully taken.
Bigfoot Biomedical is based in California. The filler’s business is Other Health Care. The SEC form was filed by Jeffrey Brewer President. The company was incorporated in 2014. The filler’s address is: 1561 Buckeye Drive, Milpitas, Ca, California, 95035. Jeffrey Brewer is the related person in the form and it has address: C/O Bigfoot Biomedical, Inc., 1561 Buckeye Drive, Milpitas, Ca, California, 95035. Link to Bigfoot Biomedical Filing: 000164163516000006.
Analysis of Bigfoot Biomedical Offering
On average, firms in the Other Health Care sector, sell 68.60% of the total offering size. Bigfoot Biomedical sold 84.37% of the offering. The fundraising is still open. Could this mean that the trust in Bigfoot Biomedical is high? The average offering amount for companies in the Other Health Care industry is $1.16 million. The total amount raised is 2,889.07% bigger than the average for companies in the Other Health Care sector. The minimum investment for this fundraising 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 Bigfoot Biomedical Also
The Form D signed by Jeffrey Brewer might help Bigfoot Biomedical, 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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