Niveus Medical Financing
Niveus Medical, Inc., Corporation just released form D because of $3.00 million debt financing. This is a new filing. Niveus Medical was able to fundraise $525,000 so far. That is 17.50% of the financing offer. The total private offering amount was $3.00 million. The financing document was filed on 2016-11-30. The reason for the financing was: unspecified. The fundraising still has about $2.48 million more and is not closed yet. We have to wait more to see if the offering will be fully taken.
Niveus Medical is based in California. The firm’s business is Other Health Care. The SEC form was submitted by Brian J Fahey President and CEO. The company was incorporated more than five years ago. The filler’s address is: 101A Saginaw Drive, Redwood City, Ca, California, 94063. Brian J. Fahey is the related person in the form and it has address: C/O Niveus Medical, Inc., 101A Saginaw Drive, Redwood City, Ca, California, 94063. Link to Niveus Medical Filing: 000152378716000003.
Analysis of Niveus Medical Offering
On average, companies in the Other Health Care sector, sell 68.60% of the total offering amount. Niveus Medical sold 17.50% of the offering. The financing is still open. The average fundraising amount for companies in the Other Health Care industry is $1.16 million. The offering was 54.74% smaller than the average of $1.16 million. Of course this should not be taken as negative. Companies 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 Niveus Medical Also
The Form D signed by Brian J Fahey might help Niveus Medical, 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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