MindBodyGreen disclosed selling $1.24 million worth of equity securities as part of a new financing round. The financing which started to sell a couple of months ago was subscribed in full by thirty-one investors. This is not the first time the company files unregistered securities with the SEC according to a concurrent filing. The company is backed by Wasatch Mountains’ incubator Summit.
The company developed and markets a media platform about wellness. The goal of the free site is to provide all the necessary knowledge for people to have a holistic approach to wellness. The platform is according to the company “one of the fastest growing media brand in wellness” with 10 million+ monthly unique visitors.
The company is headquartered in Brooklyn NY. Revenues on or below $5 million were reported by MindBodyGreen. The executive team includes Jason Wachob, Stephen Carver Anderson and Timothy Glenister. The board of directors includes Arthur Pergament and Jay Faires.
In a concurrent filing, MindBodyGreen disclosed having raised $640,000 in a fully subscribed offering (A filing that should have been filed 1+ year ago). The company has raised an estimated total of $1.88 million via private unregistered security offerings.
Amount offered: $1.24 million
Amount placed: $1.24 million
First sale: 2013-12-18