Form D Worth Watching: Mustang Bio $70.00 million Fundraising. Michael S Weiss Submitted Nov 4 SEC form

Biotechnology Mustang Bio, Inc. - Michael S Weiss

Mustang Bio Financing

Mustang Bio, Inc., Corporation just filed form D about $70.00 million equity financing. The date of first sale was 2016-10-25. Mustang Bio was able to sell $19.54 million so far. That is 27.91% of the financing round. The total fundraising amount was $70.00 million. The form was filed on 2016-11-04. The reason for the financing was: Other than the payment of salaries and other compensation and benefits, no officer, director or promoter will receive any payments from the proceeds of this offering.. The fundraising still has about $50.46 million more and is not closed yet. We have to wait more to see if the offering will be fully taken.

Mustang Bio is based in New York. The company’s business is Biotechnology. The form D was filed by Michael S Weiss President and Chief Executive Officer. The company was incorporated in 2015. The filler’s address is: 2 Gansevoort Street, 9Th Floor, New York, Ny, New York, 10014. Michael S. Weiss is the related person in the form and it has address: C/O 2 Gansevoort Street, 9Th Floor, New York, Ny, New York, 10014. Link to Mustang Bio Filing: 000168004816000002.

Analysis of Mustang Bio Offering

On average, companies in the Biotechnology sector, sell 73.77% of the total offering amount. Mustang Bio sold 27.91% of the offering. The fundraising is still open. The average fundraising amount for companies in the Biotechnology industry is $3.08 million. The total amount raised is 534.26% bigger than the average for companies in the Biotechnology sector. The minimum investment for this offering is 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 Mustang Bio Also

The Form D signed by Michael S Weiss might help Mustang Bio, 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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