Follow The Form D: Kiyatec $5.25 million Financing. Matthew Gevaert Released Oct 27 D Filing

Biotechnology Kiyatec Inc. - Matthew Gevaert

Kiyatec Financing

Kiyatec Inc., Corporation just filed form D regarding $5.25 million equity financing. The date of first sale was 2015-11-09. Kiyatec was able to sell $3.15 million so far. That is 59.99% of the fundraising. The total private offering amount was $5.25 million. The offering form was filed on 2016-10-27. The reason for the financing was: unspecified. The fundraising still has about $2.10 million more and is not closed yet. We have to wait more to see if the offering will be fully taken.

Kiyatec is based in South Carolina. The company’s business is Biotechnology. The SEC form was signed by Matthew Gevaert Chief Executive Officer. The company was incorporated more than five years ago. The filler’s address is: 900-B West Faris Road, Greenville, Sc, South Carolina, 29605. Matthew Gevaert is the related person in the form and it has address: 900-B West Faris Road, Greenville, Sc, South Carolina, 29605. Link to Kiyatec Filing: 000154757716000003.

Analysis of Kiyatec Offering

On average, companies in the Biotechnology sector, sell 73.77% of the total offering size. Kiyatec sold 59.99% of the offering. The fundraising is still open. The average offering size for companies in the Biotechnology industry is $3.08 million. The total amount raised is 2.22% bigger than the average for companies in the Biotechnology sector. The minimum investment for this offering was set at $0. 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 Kiyatec Also

The Form D signed by Matthew Gevaert might help Kiyatec 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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