Subscriptions to Prioria Robotics’ mezzanine issue increased

Change: offered +0% / raised +14% / placed 76%

XDATA – August 21st 2014

prioria  Prioria Robotics reported in a document filed with the SEC that its $2.67 million mezzanine offering is 76% subscribed as of August 21st 2014. Prior investors ponied up an additional $250,000. They had previously subscribed to $1.78 million in securities according to another filing disclosed in April 2013. So far, seven backers committed $2.03 million to Prioria Robotics‘ offering. The offering is most likely closed, based on the structure it was scheduled to close on November 21st 2013. The company closed three unregistered private placements which raised an estimated $9.1 million.

The company is a developer of small unmanned aerial vehicle (UAV) systems and related technologies, most notably the Maveric, a breakthrough composite carbon fiber UAV.

The company, led by Bryan Da Frota, is headquartered in Gainesville FL. Prioria Robotics kept its revenues undisclosed.
The executive team includes Jason Grzywna.
The board of directors includes Karl O Elderkin, Matthew Freedman, Michael Hewitt, Richard Molloy, Scott Murphy and Scott Zajac.

The company has raised an estimated total of $11.13 million via private unregistered security offerings.

Offering recap
Status: Intermediary close
Company: Prioria Robotics
Industry: Other Technology
Amount offered: $2.67 million
Amount placed: $2.03 million
First sale: 11-21-2012
Data as of: 08-21-2014

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