Fin Robotics filed a first close at $1.2 million

fin robotics Fin Robotics disclosed selling 60% of its $2 million non-brokered financing round to one investor. According to the filing, $1.2 million worth of equity was subscribed on October 14th. The offering has been structured to remain open until an additional $800,000 worth of securities is subscribed in full. The company doesn’t appear to have previously sold securities under a registration exemption with the SEC.

Fin Robotics develops a Bluetooth connected ring that allows users to control devices around them using their fingers.

The company, headquartered in Palo Alto CA, was registered this year. Revenues were not disclosed.
The executive team includes Rohildev Nattukallingal.

Offering recap
Status: First close
Company: Fin Robotics
Industry: Other Technology
Amount offered: $2 million
Amount placed: $1.2 million
First sale: 10-14-2014
Data as of: 10-28-2014

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