Fifteen companies in Missouri, suburban Kansas City and the St. Louis metro area raised a combined $28.1 million in November and December through offerings made under the Securities and Exchange Commission’s Form D exemption. Using FormDs.com and the Securities and Exchange Commission’s EDGAR database, Missouri Business Alert tracked sales of equity and debt by the state’s companies throughout both months.
Under a Form D equity or debt offering, only accredited investors may invest in a company. Accredited investors include banks, investment firms and individuals with at least $1 million in personal wealth or annual income of more than $200,000. The company must submit a Form D filing with the SEC within 15 days of the first sale to one of these accredited investors.
Area companies that raised funds through newly filed Form Ds in November are listed below, starting with the highest amount raised.
As of Nov. 15, St. Louis-based LC Corporate LLC had raised $9 million in an equity sale. LC Corporate is the entity operating the Lion’s Choice restaurant chain, formed after a purchase of assets from Red Lion Beef Corp. in September. (SEC Filing)
As of Nov. 27, Riverside-based WI Brownstone LLC had raised its target of $1.4 million in an equity sale. WI Brownstone is a real estate investment firm, and the funds raised went to toward the purchase of apartment complex in Overland Park, Kan. (SEC Filing)
As of Nov. 7, St. Louis-based One on One Sherpa LLC had raised its target of approximately $1.4 million in a combined equity and debt sale. One on One Sherpa makes a web-based sales and training system that provides tools for teaching and analyzing sales associates’ performance. (SEC Filing)
As of Nov. 25, Overland Park, Kan.-based ABPathfinder LLC had raised its target of $560,000 in an equity sale. ABPathfinder provides cloud-based medical software to help therapists streamline their treatment of autism and other cognitive disorders. (SEC Filing)
As of Nov. 4, Belleville, Ill.-based US LADAR Inc. had raised $271,000 of a total $476,250 offered in an equity sale. US LADAR is technology design firm focusing on vehicle platform sensors and autonomous navigation-enabling technology. (SEC Filing)
As of Nov. 21, Stilwell, Kan.-based Knoda LLC had raised $200,000 of a total $700,000 sought in a debt sale. Knoda operates a mobile app that allows users to make predictions ranging from sports to weather, and rates and ranks predictors based on their correctness. (SEC Filing)
As of Nov. 1, Washington-based Greetingqube LLC had raised $135,000 in an equity sale. Greetingqube is an startup developing a “new product that represents the essence of social,” according to the company’s LinkedIn page. (SEC Filing)
As of Nov. 21, Overland Park, Kan.-based TeraCrunch LLC had raised its target of $50,000 in an equity sale. TeraCrunch is a data analytics firm specializing in predictive big data interpretation for large companies. (SEC Filing)
Area companies that raised funds through newly filed Form Ds in December are listed below, starting with the highest amount raised.
As of Dec. 19, Overland Park, Kan.-based Physician’s Reference Laboratory LLC had raised its target of approximately $2.9 million in an equity sale. Physician’s Reference Laboratory is a laboratory specializing in anatomic, clinical and molecular pathology testing for health care professionals. (SEC Filing)
As of Dec. 26, St. Louis-based SynerZ Medical Inc. had raised approximately $1.1 million of a total $1.21 million offered in an equity sale. SynerZ is a medical device company focusing on a non-invasive device that would mimic the effects of gastric bypass surgery for obese and type 2 diabetes patients. (SEC Filing)
As of Dec. 30, Kansas City, Kan.-based Handprint LLC had raised $100,000 of a total $300,000 in an equity sale. Handprint develops a 3D printing software that allows users to edit and print 3D models from their web browsers. (SEC Filing)