Tagged: manufacturer

$26.29 million equity placement completed by Citadel Plastics


citadel plastics Citadel Plastics disclosed raising $26.29 million as part of a non-brokered equity private placement. One investor acquired the securities a little over a week ago. Two previous unregistered financing rounds raised an estimated $807,000.

The company is a developer and manufacturer of thermoplastics as well as engineered composites for a wide range of industries spanning appliances to healthcare. The company operates a “buy and build” strategy backed by HGGC and Charlesbank Capital Partners.

The company was registered in 2012 and has its headquarters located in West Chicago IL. Citadel Plastics elected to keep its revenues undisclosed.
The executive team includes Dennis M Loughran, Gregory Knipp and Michael W Huff.
The board of directors includes Andrew S Janower, Brandon C White, Gary L Crittenden, Hudson D Smith, James L Learner and Kurt A Krieger.

The company has raised an estimated total of $27.1 million via private unregistered security offerings.
In addition, Citadel Plastics also disclosed issuing in the past an estimated $2.06 million worth of securities in connection with an M&A transaction.

Citadel Plastics is registered under the name Citadel Plastics Holdings.

Offering recap
Status: Completed
Company: Citadel Plastics
Industry: Other
Amount offered: $26.29 million
Amount placed: $26.29 million
First sale: 11-05-2014
Data as of: 11-05-2014

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Wolfgang Man disclosed information on its $370,000 debt issuance


Wolfgang Man & BeastWolfgang Man/Beast reported selling 92% of its debt issuance via a subscription which launched almost two weeks ago. According to the information disclosed, six subscribers ponied up $340,000 out of the $370,000 the company expected to raise. The company hasn’t previously offered unregistered securities.

Wolfgang Man/Beast markets and designs leashes and collars for dogs as well as a distinctive collection of wallets, belts, t-shirts and hoodies for their owners. The company focuses on quality and durable products made locally using only the finest American leathers and textiles.

The company, headquartered in Salt Lake City UT, was registered this year. Revenues remained undisclosed.
The executive team includes Jeremiah Murray and Todd Finney.

Wolfgang Man/Beast is registered under the name Wolfgang Man & Beast.

Offering recap
Status: First close
Company: Wolfgang Man/Beast
Industry: Other
Amount offered: $370,000
Amount placed: $340,000
First sale: 05-28-2014
Data as of: 06-03-2014

Gaatu reports successful placement of its mezzanine securities


GaatuA $575,000 unregistered mezzanine investment round initiated by Gaatu was subscribed by eleven financial backers. According to the information disclosed, the placement started a little over a week ago and was fully subscribed. One prior placement was closed under regulation D by the company and raised an estimated $57,000.

Gaatu develops and markets an e-commerce platform and related services for auto parts manufacturers. Services offered include: market analysis, multi-channel selling automation, inventory management, local warehouse and fulfillment, payment, accounting, and after sale customer service. The platform replaces wholesalers and empowers manufacturers to set competitive prices as well as providing them with greater market visibility for production runs. The beta application launched in March 2013.

Yubin Pu (President) leads the San Jose CA based company which was registered in 2013. Gaatu kept its revenues undisclosed.
The board of directors includes Changsong Zhu and Mingsong Chen.

The company has raised an estimated total of $632,000 via private unregistered security offerings.

Offering recap
Status: Completed
Company: Gaatu
Industry: Other Technology
Amount offered: $575,000
Amount placed: $575,000
First sale: 05-13-2014
Data as of: 05-22-2014

OnCore Golf Technology issues $140,000 worth of securities


oncore golf technology14% of OnCore Golf Technology‘s $1 million unregistered private offering was placed one month ago. The non-brokered equity securities were subscribed by three investors. The first close garnered $140,000. An additional $860,000 in funding is to be raised until the offering draws to a close in March 2015. The company is filing for the first time a security registration exemption with the SEC.

The company is a designer and manufacturer of golf balls. The company’s OnCore Maximum Accuracy 1.0 golf ball features a high strength hollow metallic core combined with ultra-high performance polymer composite blends in the mantle layer. This proprietary construction, according to the company, shifts the ball’s weight to the perimeter, increasing the moment of inertia and reducing sidespin. The result is a straighter drive, more accurate iron shots, and laser-straight putts.

The company, headquartered in Buffalo NY, is led by Keith A Blakely (Chairman). Revenues on or below $1 million were reported by OnCore Golf Technology.
The board of directors includes Keith Allen Blakely.

Offering recap
Status: First close
Company: OnCore Golf Technology
Industry: Other
Amount offered: $1 million
Amount placed: $140,000
First sale: 03-19-2014
Data as of: 05-16-2014

Natural Food Works disclosed information on its $750,000 debt issuance


natural food worksNatural Food Works reported selling 55% of its debt issuance via a subscription which launched almost two weeks ago. According to the information disclosed, nine subscribers ponied up $415,000 out of the $750,000 the company expected to raise. $335,000 in additional funding can be raised before April 2015 based on the placement’s structure. A prior unregistered securities offering which raised an estimated $1.7 million was completed by the company.

The company is a food manufacturer for natural and organic brands. The company can manufacture extruded, enrobed products, granolas, cereals, oatmeals and mixes, dehydrated foods and pasta sauces. The company offers three certifications, organic, kosher and gluten-free.

Robert Caseria leads the Denver CO based company. Natural Food Works was registered in 2013. Natural Food Works kept its revenues undisclosed.

The board of directors includes Brian Morrow, George Peinado, Kevin Malloy, Michael Silverman, Ohsang Kwon, Richard Lappen and Ross Shell.

The company has raised an estimated total of $2.11 million via private unregistered security offerings.

Offering recap
Status: First close
Company: Natural Food Works
Industry: Manufacturing
Amount offered: $750,000
Amount placed: $415,000
First sale: 04-27-2014
Data as of: 05-07-2014

$175,000 financing final close reported by Laser Light Engines


laser light enginesLaser Light Engines reported the successful completion of its $175,000 unregistered debt financing. All the securities were subscribed by three investors. First commitments were received a few days ago. A total of eleven unregistered securities offerings closed by the company raised an estimated $44.78 million. The company is backed by Braemar Energy Ventures, Harris & Harris Group and IMAX.

The company is a manufacturer of ultra-high brightness laser illumination systems for performance digital projection, such as 3D cinema, large venue and rental/staging. The system replaces the traditional high pressure gas discharge lamp, and according to the company produces brighter and sharper images, with less energy use and lower costs. The company sells directly to original equipment manufacturers (OEM) and system integrators.

The company, headquartered in Salem NH, is led by John O’hara (President and CEO). Laser Light Engines kept its revenues undisclosed.

The executive team includes Ronald P West.
The board of directors includes Dennis Costello, Jiong Ma and Richard Post.

The company has raised an estimated total of $44.96 million via private unregistered security offerings.

Offering recap
Status: Completed
Company: Laser Light Engines
Industry: Other Technology
Amount offered: $175,000
Amount placed: $175,000
First sale: 05-01-2014
Data as of: 05-05-2014

Investors buy $500,000 worth of Probiotic Holdings’ equity


probiotic holdingsProbiotic Holdings disclosed placing 11% of its $4.5 million non-brokered equity. Based on the filing, four investors started to subscribe to the $500,000 first close on April 16th. An additional $4 million in funding is to be raised until the offering draws to a close in April 2015. A total of ten unregistered securities offerings closed by the company raised an estimated $12.43 million.

Probiotic Holdings is the parent company of SCD Probiotics and Proviera Biotech. The company commercializes probiotic technology and products, ranging from wellness supplements to all purpose cleaners, designed to improve individual health and respect the environment. SCD Probiotics’ technology includes efficient and beneficial micro-organisms for human and animal health, aquaculture, environmental remediation, waste treatment, and odor control among others. Proviera Biotech markets innovative green biochemicals powered by probiotics for the leather tanning industry. The world health organization defines probiotics as “live micro-organisms which, when administered in adequate amounts, confer a health benefit on the host”.

The company is headquartered in Kansas City MO. Revenues on or below $25 million were reported by Probiotic Holdings.
The executive team includes Matthew Wood.

The company has raised an estimated total of $12.93 million via private unregistered security offerings.

Offering recap
Status: First close
Company: Probiotic Holdings
Industry: Other Technology
Amount offered: $4.5 million
Amount placed: $500,000
First sale: 04-16-2014
Data as of: 05-01-2014

Machine Safety Management filed a first close at $220,000


machine safety managementMachine Safety Management disclosed selling 11% of its $2 million non-brokered equity financing round to one investor. According to the filing, $220,000 worth of equity was subscribed last Friday. An additional $1.78 million in funding is to be raised until the offering draws to a close in April 2015. It appears to be the first time the company is filling a security offering under a registration exemption.

The company designs and markets safety equipment for machine tools as well as an application to manage machine safety compliance and audit. The company’s flagship product is a hands free power control switch. Other products include guards and shields, and custom design services. The cloud based application include features such as audit reminders, machine life cycle tacking, and photo documentation among others.

The company, headquartered in Eden Prairie MN, is led by John P Reiter (CEO and President). Machine Safety Management elected to keep its revenues undisclosed.
The executive team includes Jack Reiter and Jeff Radichel.
The board of directors includes Andrew Rupprecht.

Offering recap
Status: First close
Company: Machine Safety Management
Industry: Other Technology
Amount offered: $2 million
Amount placed: $220,000
First sale: 04-25-2014
Data as of: 04-30-2014

Lumenpulse exercised its over allotment option in full


LumenpulseLumenpulse successfully completed a $338,000 brokered equity placement. A total of eight investors received shares from the company’s IPO over-allotment option they subscribed to almost two weeks ago. Since the company is a foreign entity, the amount offered reported to the SEC represents the portion of the over-allotment option allocated to US based investors. The private placement’s expected net proceeds amounts to $317,000 which excludes $20,000 paid in brokerage fees. The company went public on April 7th on the TSX (Ticker: LMP) pricing its IPO at C$16 a share, the top of its price range. The company raised C$100 million and announced the greenshoe was exercised in full, raising an additional C$15 million.

The company designs, develops, manufactures and sells a wide range of high-performance and sustainable specification-grade LED lighting solutions for commercial, institutional and urban environments.

The company is headquartered in Montreal Canada. Lumenpulse elected to keep its revenues undisclosed.
The executive team includes Francois-xavier Souvay, Nicolas Vanasse and Robert Comeau.
The board of directors includes Alexandre Taillefer, Francois Cote, Michel Ringuet, Nicolas Belanger, Pierre Fitzgibbon and Pierre Larochelle.

Offering recap
Status: Completed
Company: Lumenpulse
Industry: Other
Amount offered: $338,000
Amount placed: $338,000
First sale: 04-17-2014
Data as of: 04-23-2014

Academy Snowboard Co. files details on its $1 million financing


academy snowboardsAcademy Snowboard Co. raised $1 million from three financial backers one month ago according to information disclosed by the company. The non-brokered equity offering was fully subscribed. No offering was previously initiated by the company under a registration exemption with the SEC.

The company designs and manufactures high quality snowboards retailing for $359 and up. The company also organizes snowboard camps and offers collegiate scholarship programs.

The company, founded in 2003, is headquartered in Auburn CA. Revenues on or below $1 million were reported by Academy Snowboard Co..
The executive team includes Jeff Baughn.
The board of directors includes Jason Smith and Steve Baughn.

Offering recap
Status: Completed
Company: Academy Snowboard Co.
Industry: Other
Amount offered: $1 million
Amount placed: $1 million
First sale: 03-04-2014
Data as of: 03-27-2014