Date: Jul 20, 2015 Source: Octa Finance (
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Gpb Scientific Financing
Gpb Scientific, Llc, Limited Liability Company just released form D announcing $2.00 million debt financing. This is a new filing. Gpb Scientific was able to fundraise $110,000 so far. That is 5.50% of the financing round. The total private offering amount was $2.00 million. The fundraising form was filed on 2015-07-17. The reason for the financing was: unspecified. The fundraising still has about $1.89 million more and is not closed yet. We have to wait more to see if the offering will be fully taken.
Gpb Scientific is based in New Jersey. The firm's business is Biotechnology. The form D was filed by Michael D Grisham Manager. The company was incorporated more than five years ago. The filler's address is: 800 E. Leigh Street, #51, Richmond, Va, Virginia, 23219. Michael D. Grisham is the related person in the form and it has address: 800 E. Leigh Street, #51, Richmond, Va, Virginia, 23219. Link to Gpb Scientific Filing: 000161407715000002.
Analysis of Gpb Scientific Offering
On average, companies in the Biotechnology sector, sell 73.77% of the total offering amount. Gpb Scientific sold 5.50% of the offering. The fundraising is still open. The average offering amount for companies in the Biotechnology industry is $3.08 million. The offering was 96.43% smaller than the average of $3.08 million. Of course this should not be seen as negative. Firms raise funds for a variety of reasons and needs. The minimum investment for this fundraising is set at $0. 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 Gpb Scientific Also
The Form D signed by Michael D Grisham might help Gpb Scientific, Llc'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.
Read more: http://www.octafinance.com/gpb-scientific-2-00-million-financing-michael-d-grisham-released-jul-17-form/108256/#ixzz3j6tlRvwH
