Praestan Health $12.00 million Fundraising. L Read Sulik Published Aug 10 form D

August 10, 2018 - By James Guidry

Praestan Health Financing

Praestan Health Llc, Limited Liability Company just submitted form D about $12.00 million equity financing. This is a new filing. Praestan Health was able to finance itself with $12.00 million. That is 100.00 % of the financing offer. The total fundraising amount was $12.00 million. The financing form was filed on 2018-08-10. The reason for the financing was: unspecified.

Praestan Health is based in Arizona. The company’s business is Other Health Care. The SEC form was submitted by L Read Sulik Chief Executive Officer. The company was incorporated in 2017. The filler’s address is: 3415 St. Paul Avenue, Minneapolis, Mn, Minnesota, 55416. Leonard Read Sulik is the related person in the form and it has address: 3415 St. Paul Avenue, Minneapolis, Mn, Minnesota, 55416. Link to Praestan Health Filing: 000128823018000006.

Analysis of Praestan Health Offering

On average, firms in the Other Health Care sector, sell 68.60 % of the total offering amount. Praestan Health sold 100.00 % of the offering. Could this mean that the trust in Praestan Health is high? The average offering amount for companies in the Other Health Care industry is $1.16 million. The total amount raised is 934.48 % bigger than the average for companies in the Other Health Care sector. The minimum investment for this fundraising 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 Praestan Health Also

The Form D signed by L Read Sulik might help Praestan Health 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.

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