Questar Assessment reports a $5 million equity issuance

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XDATA – October 30th 2015
Questar Assessment placed $5 million worth of securities as part of a non-brokered equity financing round. The placement, which started on October 15th, lured a total of fourteen subscribers. Until this disclosure Questar Assessmenthad raised an estimated $4.63 million in unregistered securities via one previous financing round.
Questar Assessment markets a K-12 assessment platform offering complete, end-to-end services designed to address all aspects of assessment from test design, development, calibration, and psychometric services to print production, distribution, scanning, scoring, reporting, and data analysis. The company focuses state and local education agencies in the US. Financial backers include New Markets Venture Partners and Camden Partners.
The company, headquartered in Apple Valley MN, is led by Jamie Candee (President and CEO). Revenues on or below $100 million were reported by Questar Assessment.
The executive team includes Jason Hake.
The board of directors includes Andrew Simon, Chris Nguyen, David Warnock, Donald Hughes, Elizabeth Chou, Kevin Gruneich and Theodore Naegeli.

The company has raised an estimated total of $9.63 million via private unregistered security offerings.
In addition, the company reported in the past issuing an estimated $13.5 million worth of securities as part of M&A transactions.

Offering recap
Status: Completed
Company: Questar Assessment
Industry: Other
Amount offered: $5 million
Amount placed: $5 million
SEC filing: Source
First sale: 10-15-2015
Data as of: 10-29-2015

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