Pursuant Health $5.00 million Financing. Joe Stephens Released Jul 18 D form

July 18, 2017 - By Hazel Jackson

Pursuant Health Financing

Pursuant Health, Inc., Corporation just released form D because of $5.00 million debt financing. This is a new filing. Pursuant Health was able to finance itself with $400,000 so far. That is 8.00 % of the fundraising offer. The total private financing amount was $5.00 million. The financing document was filed on 2017-07-18. The reason for the financing was: unspecified. The fundraising still has about $4.60 million more and is not closed yet. We have to wait more to see if the offering will be fully taken.

Pursuant Health is based in Georgia. The firm’s business is Other Health Care. The SEC form was filed by Joe Stephens CFO. The company was incorporated more than five years ago. The filler’s address is: 780 Johnson Ferry Road, Suite 625, Atlanta, Ga, Georgia, 30342. Larry Gerdes is the related person in the form and it has address: 780 Johnson Ferry Rd, Suite 625, Atlanta, Ga, Georgia, 30342. Link to Pursuant Health Filing: 000141272017000001.

Analysis of Pursuant Health Offering

On average, startups in the Other Health Care sector, sell 68.60 % of the total offering size. Pursuant Health sold 8.00 % of the offering. The fundraising is still open. The average offering amount for companies in the Other Health Care industry is $1.16 million. The offering was 65.52 % smaller than the average of $1.16 million. Of course this should not be taken as negative. Businesses get financed for a variety of reasons and needs. The minimum investment for this financing is set at $400000. 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 Pursuant Health Also

The Form D signed by Joe Stephens might help Pursuant 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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