Seven Missouri and suburban Kansas City companies raised a combined $6.6 million in February 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 the month of February.
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.
Missouri and suburban Kansas City companies that raised funds through Form Ds in February are listed below, starting with the largest amount raised.
Creve Coeur-based Kultevat Inc. had raised approximately $1.5 million of a total $6 million offered in an equity sale as of Feb. 13. Kultevat provides breeding, crop improvements and strain selection for the Russian dandelion, which can be used to produce high yields of natural rubber. (SEC Filing)
Overland Park, Kan.-based Spinal Simplicity LLC had raised approximately $1.4 million of a total $2.55 million offered in an equity sale as of Feb. 14. Spinal Simplicity develops medical devices aimed at reducing the complexity and necessity of invasive spinal surgery. (SEC Filing)
St. Louis-based Pulse Therapeutics Inc. had raised approximately $1 million of a total $1.5 million offered in an equity sale as of Feb. 6. Pulse Therapeutics is a medical device company focused on vascular drug delivery device for blood clots in stroke patients. (SEC Filing)
Lenexa, Kan.-based Evogen Inc. had raised approximately $850,000 of a total $1.58 million offered in an equity sale as of Feb. 19. Evogen provides air sampling and biological threat detection and verification systems for military and civilian use. (SEC Filing)
Mission Hills, Kan.-based ShotTracker Inc. had raised its target of $635,000 in an equity sale as of Feb. 10. ShotTracker has developed wearable technology that works with mobile applications to track basketball shot attempts and statistics. (SEC Filing)
St. Louis-based Hatchbuck LLC, formerly known as Systematic Revenue LLC had raised its target of approximately $625,000 in an equity sale as of Feb. 27. Hatchbuck develops sales and marketing automation software for small businesses. (SEC Filing)
Lenexa, Kan.-based EyeVerify LLC had raised approximately $625,000 of a total $900,000 offered in a debt sale as of Feb. 4. EyeVerify develops eye biometrics applications that allow a smartphone camera to analyze a user’s blood vessels around their irises. The resulting “eyeprint” can be used for security, gaming and healthcare purposes, among others. (SEC Filing)