Brookhaven Medical Financing
Brookhaven Medical, Inc., Corporation just had published form D announcing $10.00 million equity and debt financing. This is a new filing. Brookhaven Medical was able to sell $300,000 so far. That is 3.00% of the financing round. The total private offering amount was $10.00 million. The financing form was filed on 2016-11-07. The reason for the financing was: The Issuer is offering up to $10,000,000 in principal amount of 8% convertible notes. The Form D is also intended to cover the underlying shares of common stock.. The fundraising still has about $9.70 million more and is not closed yet. We have to wait more to see if the offering will be fully taken.
Brookhaven Medical is based in Georgia. The company’s business is Other Health Care. The D form was submitted by John D Feltman Chairman and Chief Executive Officer. The company was incorporated in 2013. The filler’s address is: 3424 Peachtree Road, Ne, Suite 1150, Atlanta, Ga, Georgia, 30326. John D. Feltman is the related person in the form and it has address: 3424 Peachtree Road, Ne, Suite 1150, Atlanta, Ga, Georgia, 30326. Link to Brookhaven Medical Filing: 000159247316000007.
Analysis of Brookhaven Medical Offering
On average, startups in the Other Health Care sector, sell 68.60% of the total offering size. Brookhaven Medical sold 3.00% of the offering. The financing is still open. The average investment size for companies in the Other Health Care industry is $1.16 million. The offering was 74.14% smaller than the average of $1.16 million. Of course this should not be taken as negative. Businesses 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 Brookhaven Medical Also
The Form D signed by John D Feltman might help Brookhaven Medical, 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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