Surgical Innovation Associates $1.50 million Financing. Alexei Mlodinow Submitted Mar 13 SEC Filing

March 13, 2018 - By Michael Collier

Surgical Innovation Associates Financing

Surgical Innovation Associates Inc., Corporation just had published form D about $1.50 million equity financing. This is a new filing. Surgical Innovation Associates was able to fundraise $325,000 so far. That is 21.67 % of the fundraising offer. The total fundraising amount was $1.50 million. The form was filed on 2018-03-13. The reason for the financing was: unspecified. The fundraising still has about $1.18 million more and is not closed yet. We have to wait more to see if the offering will be fully taken.

Surgical Innovation Associates is based in Illinois. The company’s business is Other Health Care. The form D was filed by Alexei Mlodinow Director and President. The company was incorporated in 2016. The filler’s address is: 1221 N. Dearborn Street, Apt. 612 S., Chicago, Il, Illinois, 60610. Alexei Mlodinow is the related person in the form and it has address: 1221 N. Dearborn St., Apt. 612 S., Chicago, Il, Illinois, 60610. Link to Surgical Innovation Associates Filing: 000167440218000001.

Analysis of Surgical Innovation Associates Offering

On average, startups in the Other Health Care sector, sell 68.60 % of the total offering amount. Surgical Innovation Associates sold 21.67 % of the offering. The financing is still open. The average financing size for companies in the Other Health Care industry is $1.16 million. The offering was 71.98 % smaller than the average of $1.16 million. Of course this should not be seen as negative. Businesses raise funds for a variety of reasons and needs. The minimum investment for this financing was set at $10000. 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 Surgical Innovation Associates Also

The Form D signed by Alexei Mlodinow might help Surgical Innovation Associates 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.

Receive News & Ratings Via Email - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings with our FREE daily email newsletter.

Free Email Newsletter

Enter your email address below to get the latest news and analysts' ratings for your stocks with our free daily email newsletter: