Spinal Kinetics Financing
Spinal Kinetics Inc, Corporation just released form D because of $1.65 million debt financing. This is a new filing. Spinal Kinetics was able to finance itself with $1.28 million so far. That is 77.70% of the offering. The total offering amount was $1.65 million. The form was filed on 2016-11-04. The reason for the financing was: unspecified. The fundraising still has about $367,876 more and is not closed yet. We have to wait more to see if the offering will be fully taken.
Spinal Kinetics is based in California. The firm’s business is Other Health Care. The form D was signed by Thomas A Afzal Chief Executive Officer. The company was incorporated more than five years ago. The filler’s address is: 501 Mercury Drive, Sunnyvale, Ca, California, 94085. Thomas A. Afzal is the related person in the form and it has address: C/O Spinal Kinetics, Inc., 501 Mercury Drive, Sunnyvale, Ca, California, 94085. Link to Spinal Kinetics Filing: 000128907516000001.
Analysis of Spinal Kinetics Offering
On average, startups in the Other Health Care sector, sell 68.60% of the total offering size. Spinal Kinetics sold 77.70% of the offering. The financing is still open. Could this mean that the trust in Spinal Kinetics is high? The average investment offering size for companies in the Other Health Care industry is $1.16 million. The total amount raised is 10.53% bigger than the average for companies in the Other Health Care 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 Spinal Kinetics Also
The Form D signed by Thomas A Afzal might help Spinal Kinetics 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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