XDATA – September 15th 2014
9+ is expecting to raise $3 million as part of a brokered equity issuance. The company structured the offering to remain open until September 2015 if not fully subscribed. No securities have been subscribed by investors yet. The private placement,excluding $215,000 to be paid toward officers’ salaries and $5,000 to be paid in placement fees, will bring in estimated net proceeds of $2.78 million. This is the first time the company is filling a security offering under a registration exemption with the SEC.
The company is a tech incubator looking for applicants in gaming, shared economy, wearable, big data, internet of things and cloud service. The company provides $120,000 in capital, co-working space, advice and mentorship.
The company is headquartered in Campbell CA. 9+ elected to keep its revenues undisclosed.
The executive team includes Arvind Peter Relan and Leslie E Wright.
9+ is registered under the name Studio 9plus
Industry: Other Technology
Amount offered: $3 million
Data as of: 09-15-2014