Coda Therapeutics $3.43 million Fundraising. David Pool Published Jun 12 SEC Filing

Print 16 June 2015

Coda Therapeutics Financing

Coda Therapeutics Inc, Corporation just submitted form D announcing $3.43 million debt financing. This is a new filing. Coda Therapeutics was able to finance itself with $1.21 million so far. That is 35.16% of the financing offer. The total private financing amount was $3.43 million. The form was filled on 2015-06-12. The reason for the financing was: Total Offering Amount includes estimated amounts receivable by the Issuer upon the exercise of certain warrants to purchase the Issuer’s preferred stock (assuming no net issue exercise, where applicable). The warrants have not yet been exercised.. The fundraising still has about $2.22 million more and is not closed yet. We have to wait more to see if the offering will be fully taken.

Coda Therapeutics is based in California. The company’s business is Biotechnology. The D form was submitted by David Pool Chief Financial Officer. The company was incorporated more than five years ago. The filler’s address is: 12520 High Bluff Drive, Suite 350, San Diego, Ca, California, 92130. Bradford Duft is the related person in the form and it has address: 12520 High Bluff Drive, Suite 350, San Diego, Ca, California, 92130. Link to Coda Therapeutics Filing: 000137856715000002.

Analysis of Coda Therapeutics Offering

On average, companies in the Biotechnology sector, sell 73.77% of the total offering amount. Coda Therapeutics sold 35.16% of the offering. The financing is still open. The average investment offering size for companies in the Biotechnology industry is $3.08 million. The offering was 60.83% smaller than the average of $3.08 million. Of course this should not be taken as negative. Firms get financed for a variety of reasons and needs. The minimum investment for this financing is 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 Coda Therapeutics Also

The Form D signed by David Pool might help Coda Therapeutics Inc’s business. 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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