Salus Telehealth Financing
Salus Telehealth, Inc., Corporation just submitted form D about $3.10 million equity and debt financing. This is a new filing. Salus Telehealth was able to fundraise $20,000 so far. That is 0.65% of the offering. The total fundraising amount was $3.10 million. The private financing document was filed on 2016-11-25. The reason for the financing was: unspecified. The fundraising still has about $3.08 million more and is not closed yet. We have to wait more to see if the offering will be fully taken.
Salus Telehealth is based in Indiana. The firm’s business is Other Technology. The SEC form was signed by Paula Guy President/CEO. The company was incorporated in 2016. The filler’s address is: 914 Memorial Drive, Waycross, 2Q, Georgia, 31501. Paula Guy is the related person in the form and it has address: 914 Memorial Drive, Waycross, Ga, Georgia, 31501. Link to Salus Telehealth Filing: 000169076516000001.
Analysis of Salus Telehealth Offering
On average, companies in the Other Technology sector, sell 85.80% of the total offering size. Salus Telehealth sold 0.65% of the offering. The fundraising is still open. The average offering amount for companies in the Other Technology industry is $1.54 million. The offering was 98.70% smaller than the average of $1.54 million. Of course this should not be interpreted as negative. Businesses raise funds for a variety of reasons and needs. The minimum investment for this offering is 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 Salus Telehealth Also
The Form D signed by Paula Guy might help Salus Telehealth, 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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