Shockwave Medical Financing
Shockwave Medical, Inc., Corporation just had published form D regarding $45.00 million equity financing. This is a new filing. Shockwave Medical was able to fundraise $45.00 million. That is 100.00% of the financing round. The total offering amount was $45.00 million. The fundraising form was filed on 2016-11-22. The reason for the financing was: unspecified. The fundraising still has about $25 more and is not closed yet. We have to wait more to see if the offering will be fully taken.
Shockwave Medical is based in California. The filler’s business is Other Health Care. The form was submitted by Daniel Hawkins President. The company was incorporated more than five years ago. The filler’s address is: 48501 Warm Springs Blvd., Ste. 108, Fremont, Ca, California, 94539. Daniel Hawkins is the related person in the form and it has address: C/O Shockwave Medical, Inc., 48501 Warm Springs Blvd., Ste. 108, Fremont, Ca, California, 94539. Link to Shockwave Medical Filing: 000164254516000002.
Analysis of Shockwave Medical Offering
On average, startups in the Other Health Care sector, sell 68.60% of the total offering amount. Shockwave Medical sold 100.00% of the offering. The financing is still open. Could this mean that the trust in Shockwave Medical is high? The average investment floor size for companies in the Other Health Care industry is $1.16 million. The total amount raised is 3,779.31% bigger than the average for companies in the Other Health Care sector. The minimum investment for this financing was set at $1. 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 Shockwave Medical Also
The Form D signed by Daniel Hawkins might help Shockwave 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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