Essential Health Solutions Financing
Essential Health Solutions Inc., Corporation just had published form D announcing $3.13 million equity financing. The date of first sale was 2016-11-18. Essential Health Solutions was able to sell $2.83 million. That is 90.29% of the fundraising offer. The total financing amount was $3.13 million. This form was filed on 2016-12-01. The reason for the financing was: Other than the payment of salaries and other compensation and benefits no officer, director, or promoter will receive any payments from the proceeds of this offering.. The fundraising still has about $303,750 more and is not closed yet. We have to wait more to see if the offering will be fully taken.
Essential Health Solutions is based in North Carolina. The company’s business is Other Health Care. The SEC form was submitted by Corey DeHaven President and CEO. The company was incorporated in 2016. The filler’s address is: 4101 Lake Boone Trail, Suite 300, Raleigh, Nc, North Carolina, 27607. Corey Dehaven is the related person in the form and it has address: 4101 Lake Boone Trail, Suite 300, Raleigh, Nc, North Carolina, 27607. Link to Essential Health Solutions Filing: 000168948416000002.
Analysis of Essential Health Solutions Offering
On average, companies in the Other Health Care sector, sell 68.60% of the total offering amount. Essential Health Solutions sold 90.29% of the offering. The fundraising is still open. Could this mean that the trust in Essential Health Solutions is high? The average investment floor size for companies in the Other Health Care industry is $1.16 million. The total amount raised is 143.53% bigger than the average for companies in the Other Health Care sector. The minimum investment for this financing was set at $0. 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 Essential Health Solutions Also
The Form D signed by Corey DeHaven might help Essential Health Solutions 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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