Raghala files for first close after selling 22%

A first close of $215,000 was initiated by Raghala (Also known as Ra Ghala) on its $1 million equity offering. So far fifty-seven investors committed to the non-brokered placement which started in July 2012.  The offering, according to the information, is structured as indefinite and is to remain open until an additional $785,000 is raised. The company is filing for the first time a security registration exemption with the SEC.

The company has been created for the purpose of developing medical devices and consumer products. It is unclear if any has come to market yet. The company owns two trademarks one for surgical bandages and another one for an x-ray apparatus for the detection of cancer. It appears the company has been investigated by the Securities Division of the State of Washington’s Department of Financial Institutions according to this document.

The company is headquartered in Seattle WA. No revenues were reported by the company.
The board of directors includes Euriel McHenry, Jacqueline Gardner, Ray Willis and Rhonda Capps.

Offering recap
Status: First close
Company: Raghala
Industry: Other Technology
Amount offered: $1 million
Amount placed: $215,000
First sale: 07-19-2012
Data as of: 04-28-2014


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