Sandstone Diagnostics Financing
Sandstone Diagnostics Inc, Corporation just had published form D regarding $2.00 million equity and debt financing. This is a new filing. Sandstone Diagnostics was able to sell $845,000 so far. That is 42.25% of the financing offer. The total fundraising amount was $2.00 million. The fundraising form was filed on 2016-11-10. The reason for the financing was: unspecified. The fundraising still has about $1.16 million more and is not closed yet. We have to wait more to see if the offering will be fully taken.
Sandstone Diagnostics is based in California. The firm’s business is Other Technology. The D form was signed by Karen Drexler Chief Executive Officer. The company was incorporated in 2012. The filler’s address is: 6111 Southfront Road, Livermore, Ca, California, 94551. Gregory Sommer is the related person in the form and it has address: 6111 Southfront Road, Livermore, Ca, California, 94551. Link to Sandstone Diagnostics Filing: 000161297816000003.
Analysis of Sandstone Diagnostics Offering
On average, firms in the Other Technology sector, sell 85.80% of the total offering size. Sandstone Diagnostics sold 42.25% of the offering. The financing is still open. The average offering size for companies in the Other Technology industry is $1.54 million. The offering was 45.13% smaller than the average of $1.54 million. Of course this should not be taken as negative. Businesses raise funds for a variety of reasons and needs. The minimum investment for this offering 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 Sandstone Diagnostics Also
The Form D signed by Karen Drexler might help Sandstone Diagnostics 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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