Heart Test Laboratories Financing
Heart Test Laboratories, Inc., Corporation just released form D because of $7.00 million equity financing. This is a new filing. Heart Test Laboratories, Inc. is expected to finance itself with $7.00 million in this financing round. The total fundraising amount was $7.00 million. The fundraising form was filed on 2016-11-07. The reason for the financing was: This is the total estimated combined annual salaries for Mark Hilz and Andrew Simpson.. The fundraising still has about $7.00 million more and is not closed yet. We have to wait more to see if the offering will be fully taken.
Heart Test Laboratories is based in United Kingdom. The filler’s business is Other Health Care. The SEC form was submitted by Mark T Hilz CEO/President. The company was incorporated more than five years ago. The filler’s address is: 1301 Solana Blvd, Suite 1527, Westlake, Tx, Texas, 76262. Mark Thomas Hilz is the related person in the form and it has address: 528 E Hickory Ridge Circle, Argyle, Tx, Texas, 76226. Link to Heart Test Laboratories Filing: 000146849216000004.
Analysis of Heart Test Laboratories Offering
On average, firms in the Other Health Care sector, sell 68.60% of the total offering size. Heart Test Laboratories sold 0.00% of the offering. The financing is still open. The average investment offering size 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 interpreted as negative. Startups raise funds for a variety of needs and reasons. The minimum investment for this fundraising is set at $25000. 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 Heart Test Laboratories Also
The Form D signed by Mark T Hilz might help Heart Test Laboratories, 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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