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 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.
Amount offered: $20.8 million
Amount placed: $20.8 million
First sale: 08-20-2014
Data as of: 11-13-2014