Mindoula Health $4.25 million Fundraising. Steve Sidel Filed May 7 SEC form

Mindoula Health Financing

Mindoula Health, Inc., Corporation just filed form D for $4.25 million debt financing. The date of first sale was 2019-04-23. Mindoula Health was able to finance itself with $3.50 million. That is 82.35 % of the offering. The total financing amount was $4.25 million. The financing document was filed on 2019-05-07. The reason for the financing was: unspecified. The fundraising still has about $750,000 more and is not closed yet. We have to wait more to see if the offering will be fully taken.

Mindoula Health is based in Maryland. The filler’s business is Other Health Care. The form D was submitted by Steve Sidel Chief Executive Officer. The company was incorporated more than five years ago. The filler’s address is: 1117 East-West Highway, Silver Spring, Md, Maryland, 20910. Steven Sidel is the related person in the form and it has address: C/O Mindoula Health, Inc., 1117 East-West Highway, Silver Spring, Md, Maryland, 20910. Link to Mindoula Health Filing: 000160909919000002.

Analysis of Mindoula Health Offering

On average, startups in the Other Health Care sector, sell 68.60 % of the total offering size. Mindoula Health sold 82.35 % of the offering. The fundraising is still open. Could this mean that the trust in Mindoula Health is high? The average financing size for companies in the Other Health Care industry is $1.16 million. The total amount raised is 201.72 % bigger than the average for companies in the Other Health Care sector. The minimum investment for this offering is 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 Mindoula Health Also

The Form D signed by Steve Sidel might help Mindoula Health, 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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