PIRCH reports the successful completion of its equity issuance

pirch PIRCH placed $20.8 million worth of securities as part of a non-brokered equity financing round. The placement, which started a couple of months ago, lured a total of fourteen subscribers. The company closed three previous unregistered private placements which raised an estimated $56.2 million.

The company is a high-end home product and appliance retailer which showrooms offer luxury home products, including carefully curated appliances and fixtures, merchandised in a retail sanctuary. The company is backed by Catterton Parnters.

The company is headquartered in San Diego CA. PIRCH elected to keep its revenues undisclosed.
The executive team includes Carol Ann Smith and Jeffery R Sears.
The board of directors includes Avik Pramanic, James M Stuart, Kevin E Burke, Nik Thukral, Scott Dahnke and Stuart R Engs.

In a concurrent filing, PIRCH disclosed having raised $42 million in a fully subscribed offering.
The company has raised an estimated total of $119 million via private unregistered security offerings.

Offering recap
Status: Completed
Company: PIRCH
Industry: Retailing
Amount offered: $20.8 million
Amount placed: $20.8 million
First sale: 08-20-2014
Data as of: 11-13-2014

For more information visit www.XDATA.co


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