Master The Gap files for first close after raising 73%


master the gapMaster The Gap‘s first close reached $725,000. The company’s $1 million non-brokered equity issue was 73% sold to thirteen investors. The first commitments were received on April 9th. Based on the offering’s structure, the company has until April 2015 to raise an extra $275,000. The company is filing for the first time a security registration exemption with the SEC.

The company offers courses and coaching as well as software for securities trading. The trading methodology focuses on chart-based gap trading strategies. Gap trading is a simple and disciplined approach to buying and shorting stocks. Essentially one finds stocks that have a price gap from the previous close and watches the first hour of trading to identify the trading range. Rising above that range signals a buy, and falling below it signals a short.

The company, headquartered in Morrisville NC, is led by M Scott Andrews (President). Master The Gap elected to keep its revenues undisclosed.

Offering recap
Status: First close
Company: Master The Gap
Industry: Other Technology
Amount offered: $1 million
Amount placed: $725,000
First sale: 04-09-2014
Data as of: 04-23-2014

Advertisements

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s