Medical Engineering Innovations $1.76 million Financing. Richard C Schmidt Released May 17 SEC Form

May 17, 2018 - By Ann Prendergast

Medical Engineering Innovations Financing

Medical Engineering Innovations, Inc., Corporation just had published form D regarding $1.76 million equity and debt financing. This is a new filing. Medical Engineering Innovations was able to finance itself with $815,770 so far. That is 46.46 % of the financing offer. The total financing amount was $1.76 million. The form was filed on 2018-05-17. The reason for the financing was: A portion of the Total Offering Amount and the Total Amount Sold are comprised of principal and interest from Company-issued notes that were converted into the Company’s equity securities.. The fundraising still has about $940,085 more and is not closed yet. We have to wait more to see if the offering will be fully taken.

Medical Engineering Innovations is based in Wisconsin. The company’s business is Other Health Care. The form was submitted by Richard C Schmidt President and CEO. The company was incorporated more than five years ago. The filler’s address is: 3591 Anderson Street, Suite 214, Madison, Wi, Wisconsin, 53704. Richard C. Schmidt is the related person in the form and it has address: 3591 Anderson Street, Suite 214, Madison, Wi, Wisconsin, 53704. Link to Medical Engineering Innovations Filing: 000174036018000001.

Analysis of Medical Engineering Innovations Offering

On average, companies in the Other Health Care sector, sell 68.60 % of the total offering size. Medical Engineering Innovations sold 46.46 % of the offering. The financing is still open. The average fundraising amount for companies in the Other Health Care industry is $1.16 million. The offering was 29.68 % smaller than the average of $1.16 million. Of course this should not be interpreted as negative. Startups raise funds for different reasons and needs. The minimum investment for this fundraising was 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 Medical Engineering Innovations Also

The Form D signed by Richard C Schmidt might help Medical Engineering Innovations, 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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