Today’s Form D Alert: Inrange Systems $800000 Fundraising. Kurt Buseck Released Aug 17 Form D

Health Care Inrange Systems Inc - Kurt Buseck

Inrange Systems Financing

Inrange Systems Inc, Corporation just filed form D announcing $800,000 debt financing. The date of first sale was 2016-08-02. Inrange Systems was able to fundraise $775,000. That is 96.88% of the financing round. The total private offering amount was $800,000. This form was filed on 2016-08-17. The reason for the financing was: unspecified. The fundraising still has about $25,000 more and is not closed yet. We have to wait more to see if the offering will be fully taken.

Inrange Systems is based in Pennsylvania. The filler’s business is Other Health Care. The form D was signed by Kurt Buseck CEO. The company was incorporated more than five years ago. The filler’s address is: 3316 Fifth Avenue, Altoona, Pa, Pennsylvania, 16602. Carl Anderson is the related person in the form and it has address: 3316 Fifth Avenue, Altoona, Pa, Pennsylvania, 16602. Link to Inrange Systems Filing: 000120919116149018.

Analysis of Inrange Systems Offering

On average, firms in the Other Health Care sector, sell 68.60% of the total offering amount. Inrange Systems sold 96.88% of the offering. The fundraising is still open. Could this mean that the trust in Inrange Systems is high? The average financing size for companies in the Other Health Care industry is $1.16 million. The offering was 33.19% smaller than the average of $1.16 million. Of course this should not be seen as negative. Companies raise funds for a variety of reasons and needs. The minimum investment for this fundraising was 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 Inrange Systems Also

The Form D signed by Kurt Buseck might help Inrange Systems 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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