Prescriber’s Choice Financing
Prescriber’s Choice, Inc., Corporation just had published form D regarding $25.00 million equity financing. The date of first sale was 2016-05-27. Prescriber’s Choice was able to finance itself with $942,400 so far. That is 3.77% of the fundraising offer. The total offering amount was $25.00 million. This form was filed on 2016-11-22. The reason for the financing was: unspecified. The fundraising still has about $24.06 million more and is not closed yet. We have to wait more to see if the offering will be fully taken.
Prescriber’s Choice is based in Florida. The company’s business is Other Health Care. The form D was submitted by Spencer J Malkin Chief Executive Officer. The company was incorporated in 2016. The filler’s address is: 3265 West Mcnab Road, Pompano Beach, Fl, Florida, 33069. Spencer J. Malkin is the related person in the form and it has address: 3265 West Mcnab Road, Pompano Beach, Fl, Florida, 33069. Link to Prescriber’s Choice Filing: 000167812616000003.
Analysis of Prescriber’s Choice Offering
On average, startups in the Other Health Care sector, sell 68.60% of the total offering size. Prescriber’s Choice sold 3.77% of the offering. The fundraising is still open. The average financing size for companies in the Other Health Care industry is $1.16 million. The offering was 18.76% smaller than the average of $1.16 million. Of course this should not be interpreted as negative. Startups raise funds for a variety of needs and reasons. The minimum investment for this offering is set at $10000. 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 Prescriber’s Choice Also
The Form D signed by Spencer J Malkin might help Prescriber’s Choice, 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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