Intralink Spine Financing
Intralink Spine, Inc., Corporation just filed form D regarding $2.50 million equity financing. This is a new filing. Intralink Spine was able to finance itself with $800,000 so far. That is 32.00% of the financing round. The total fundraising amount was $2.50 million. The form was filed on 2016-11-29. The reason for the financing was: unspecified. The fundraising still has about $1.70 million more and is not closed yet. We have to wait more to see if the offering will be fully taken.
Intralink Spine is based in Kentucky. The company’s business is Biotechnology. The SEC form was signed by Lyle Hawkins President. The company was incorporated more than five years ago. The filler’s address is: 1501 Bull Lea Road, Suite 103, Lexington, Ky, Kentucky, 40511. Lyle Hawkins is the related person in the form and it has address: 1501 Bull Lea Road, Suite 103, Lexington, Ky, Kentucky, 40511. Link to Intralink Spine Filing: 000162617216000001.
Analysis of Intralink Spine Offering
On average, firms in the Biotechnology sector, sell 73.77% of the total offering amount. Intralink Spine sold 32.00% of the offering. The financing is still open. The average investment size for companies in the Biotechnology industry is $3.08 million. The offering was 74.03% smaller than the average of $3.08 million. Of course this should not be seen as negative. Startups get financed for a variety of needs and reasons. The minimum investment for this financing was set at $25000. 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 Intralink Spine Also
The Form D signed by Lyle Hawkins might help Intralink Spine, 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.