While the information disclosed in its filing to the SEC is misleading, Mind Solutions reported placing 12,765,957 Initial Commitment Shares and raising $1 million. The non-brokered financing round was subscribed by one investor on March 11th. No offering was previously initiated by the company under a registration exemption with the SEC. The company trades under ticker “VOIS” on the OTC market.
Mind Solutions is a software company which is developing applications for a wireless headset which reads brainwaves and allows interaction with computers. While the non-invasive electroencephalography (EEG) headset was originally developed for gaming, the company is looking at other uses such as medical applications.
The company, headquartered in San Diego CA, is led by Kerry Driscoll (President). Revenues were not reported.
Company: Mind Solutions
Industry: Other Technology
Amount offered: $1 million
Amount placed: $1 million
First sale: 03-11-2014
Data as of: 03-26-2014