Squan Holding reports $20.4 million equity issuance

squant Squan Holding raised $20.4 million as part of a fully subscribed non-brokered equity offering. The subscription, which started on October 10th, lured five investors. The company doesn’t appear to have previously sold securities under a registration exemption with the SEC.

The company is the parent of Squan Construction Services. Squan specializes in turnkey macro, DAS, and small cell site development for telecommunications carriers, tower companies, neutral host providers, commercial landlords, government entities, universities, health care institutions, and other visionary organizations seeking increased coverage and capacity. The company is sponsored by RFE Investment Partners and Pillsman Partners.

Squan Holding, registered in 2014, is headquartered in New Canaan CT. It is led by R Peter Reiter (President). Revenues were not disclosed.
The executive team includes John J Celentano, Paul Schilpp and R. Peter Reiter.
The board of directors includes Edwin Burke and Kevin Frerich.

Offering recap
Status: Completed
Company: Squan Holding
Industry: Other
Amount offered: $20.4 million
Amount placed: $20.2 million
First sale: 10-10-2014
Data as of: 10-23-2014

For more information visit www.XDATA.co


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