Hydropothecary Corp, Corporation just submitted form D announcing $10.23 million debt financing. This is a new filing. Hydropothecary was able to sell $3.28 million so far. That is 32.01% of the offering. The total private financing amount was $10.23 million. The private financing document was filed on 2016-11-28. The reason for the financing was: Axiom Capital Management, Inc. was paid a commission/placement agents fee of US$289,013 and 62,381 agents common share purchase warrants, each exercisable to acquire one common share at a price of US$4.60 per share for a period of three years.. The fundraising still has about $6.96 million more and is not closed yet. We have to wait more to see if the offering will be fully taken.
Hydropothecary is based in Quebec – Canada. The company’s business is Pharmaceuticals. The form D was signed by /s/ Ed Chaplin Chief Financial Officer. The company was incorporated in 2013. The filler’s address is: 120 Chemin De La Rive, Gatineau, A8, Quebec, Canada, J8m 1V2. Sebastien Georges St. Louis is the related person in the form and it has address: 120 Chemin De La Rive, Gatineau, A8, Quebec, Canada, J8m 1V2. Link to Hydropothecary Filing: 000120919116152271.
Analysis of Hydropothecary Offering
On average, companies in the Pharmaceuticals sector, sell 60.90% of the total offering amount. Hydropothecary sold 32.01% of the offering. The financing is still open. The average offering size for companies in the Pharmaceuticals industry is $556,000. The total amount raised is 489.03% bigger than the average for companies in the Pharmaceuticals sector. The minimum investment for this offering is set at $50000. If you know more about the reasons for the fundraising, 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 Hydropothecary Also
The Form D signed by /s/ Ed Chaplin might help Hydropothecary Corp’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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