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.
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.
Company: Squan Holding
Amount offered: $20.4 million
Amount placed: $20.2 million
First sale: 10-10-2014
Data as of: 10-23-2014