Zynex Inc, Corporation just released form D regarding $1.50 million equity and debt financing. This is a new filing. Zynex Inc is expected to sell $1.50 million in this offering. The total private offering amount was $1.50 million. This form was filed on 2016-11-23. The reason for the financing was: unspecified. The fundraising still has about $1.50 million more and is not closed yet. We have to wait more to see if the offering will be fully taken.
Zynex is based in Florida. The firm’s business is Other Health Care. The form was submitted by Thomas Sandgaard President. The company was incorporated more than five years ago. The filler’s address is: 9990 Park Meadows Drive, Lone Tree, Co, Colorado, 80124. Thomas Sandgaard is the related person in the form and it has address: 9990 Park Meadows Drive, Lone Tree, Co, Colorado, 80124. Link to Zynex Filing: 000114420416136526.
Analysis of Zynex Offering
On average, companies in the Other Health Care sector, sell 68.60% of the total offering size. Zynex sold 0.00% of the offering. The financing is still open. The average offering amount for companies in the Other Health Care industry is $1.16 million. The offering was 100.00% smaller than the average of $1.16 million. Of course this should not be seen as negative. Firms raise funds for different needs and reasons. The minimum investment for this offering was set at $50000. 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 Zynex Also
The Form D signed by Thomas Sandgaard might help Zynex 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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