Unilife Medical Solutions Financing
Unilife Medical Solutions, Inc., Corporation just submitted form D for $10.60 million debt financing. This is a new filing. Unilife Medical Solutions was able to sell $10.60 million. That is 100.00% of the fundraising offer. The total private offering amount was $10.60 million. This form was filed on 2016-11-07. The reason for the financing was: The convertible note was issued in the aggregate principle amount of $10,600,000, $600,000 of which represented a financing fee that was credited to the purchaser of the note..
Unilife Medical Solutions is based in Pennsylvania. The filler’s business is Other Health Care. The D form was filed by David C Hastings SVP, Chief Financial Officer and Chief Accounting Officer. The company was incorporated more than five years ago. The filler’s address is: 250 Cross Farm Lane, York, Pa, Pennsylvania, 17406. Ryan C. John is the related person in the form and it has address: 250 Cross Farm Lane, York, Pa, Pennsylvania, 17406. Link to Unilife Medical Solutions Filing: 000120919116148621.
Analysis of Unilife Medical Solutions Offering
On average, startups in the Other Health Care sector, sell 68.60% of the total offering size. Unilife Medical Solutions sold 100.00% of the offering. Could this mean that the trust in Unilife Medical Solutions is high? The average financing size for companies in the Other Health Care industry is $1.16 million. The total amount raised is 813.79% bigger than the average for companies in the Other Health Care sector. The minimum investment for this financing is 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 Unilife Medical Solutions Also
The Form D signed by David C Hastings might help Unilife Medical Solutions, 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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