Author: Lauren Hong (page 1 of 2)

Rockville-based biopharmaceuticals company raises $23.6 million

ROCKVILLE, MD — A clinical-stage biopharmaceuticals company raised $23.6 million by selling 1.1 million shares to an investor, according to a filing with the Securities and Exchange Commission.

MacroGenics Inc. entered the agreement with an investor not affiliated with the company on April 26. The shares were offered at $21.50 per share. The closing of the offering is expected to occur on May 2. No underwriter or agent was used.

Founded in 2000, the company focuses on discovering and developing innovative monoclonal antibody-based therapeutics for the treatment of cancer, autoimmune disorders and infectious diseases.

On its website, the company has eleven products listed in its pipeline and three platforms. It has several strategic collaborations with global pharmaceutics and biotechnology companies through its technology platforms and protein engineering expertise.

Senior Vice President and General Counsel Atul Saran signed the filing April 26. The filing can be found here.

MacroGenics was trading at $21.94, up 26 cents, on Thursday morning.

This story is from the Maryland Business News Wire, a service of UNC-Chapel Hill’s School of Media and Journalism

Takoma Park-based start-up brewery seeks to raise $700,000

TAKOMA PARK, MD — A start-up brewery has raised $140,000 from four investors, according to a filing with the Securities and Exchange Commission. MDBW-logo-draft-yellow-whitebg

Parallel World Brewing Co. filed the Form D on April 25. The first sale occurred on April 10, and the company plans to raise a total of $700,000. The minimum investment accepted from any outside investor is $14,000.

The company does not intend this offering to last more than one year, and it is not being made in connection with a business combination transaction.

The company has two trademarks, which can be found here.

Christian Layke, chief executive officer, signed the Form D. He was head brewer at Gordon Biersch Brewery Restaurant for eight years before co-founding Parallel World Brewing in March 2017.

The Form D can be found here.

The company claimed a Rule 506 (b) exemption for the filing. Companies relying on the Rule 506 exemption do not have to register their offering of securities with the SEC, but they must file what’s known as a Form D electronically with the SEC after they first sell their securities.

 This story is from the Maryland Business News Wire, a service of UNC-Chapel Hill’s School of Media and Journalism

Bethesda-based Bayshore Networks raises $11 million

BETHESDA, MD — An industrial-strength cybersecurity platform company raised $11 million from 14 investors, according to a filing with the Securities and Exchange Commission.  bayshore-networks inc

Bayshore Networks Inc. filed the Form D on April 6. The the first sale occurred on April 20, 2016. The company does not expect the offering to last more than one year, and the offering is not being made in connection with a business combination transaction.

The company develops cybersecurity software for the industrial Internet of things. It deploys a cloud-based program, Bayshore IT/OT Gateway, which enables secure transactions in manufacturing operations, robotics automation and M2M communications. Founded in 2012, it has strategic partnerships with companies such as BAE systems, Cisco, SAP and VMware.

Bob Lam, co-founder and vice president of finance and corporate development, signed the Form D on April 6.

The company claimed a Rule 506 exemption for the filing. Companies relying on the Rule 506 exemption do not have to register their offering of securities with the SEC, but they must file a Form D electronically with the SEC after they first sell their securities.

This story is from the Maryland Business News Wire, a service of UNC-Chapel Hill’s School of Media and Journalism

Annapolis-based health care diagnostics company raises $350,000

Screen Shot 2017-04-02 at 9.21.36 PMANNAPOLIS, MD — A diagnostics company raised $350,000 from one investor, according to a filing with the Securities and Exchange Commission.

xMD Diagnostics filled the Form D on March 29. The first sale occurred Jan. 20, and the company plans to raise $175,000 more. The offering is not being made in connection with a business combination transaction, such as a merger, acquisition or exchange offer.

An estimated $35,000 of the proceeds will be used as payments to executive officers, directors or promoters.

xMD Diagnostics develops proprietary automated instruments and kits for microdissection pathology and molecular diagnostics applications.

Ting Pau Oei, founder and board member of xMD Diagnostics, signed the Form D on March 29. He is managing and founding partner at Fox Feather Ventures, a venture capital advisory firm specializing in health care.

Companies relying on a Reg D exemption do not have to register their offering of securities with the SEC, but they must file what’s known as a Form D electronically with the SEC after they first sell securities.

This story is from the Maryland Business News Wire, a service of UNC-Chapel Hill’s School of Media and Journalism

Gaithersburg-based medical cannabis company raises $1.6 million

GAITHERSBURG, MD — A medical cannabis company raised $1.6 million from 42 investors, according to a filing Thursday with the Securities and Exchange Commission.

Green Leaf Medical filed the Form D on March 23. The minimum investment accepted from any outside investor is $25,000, with the first sale occurring June 25.

Of the proceeds, $170,000 will be used for payments to executive officers, directors, or promoters of the company.  The offering is not being made in connection with a business combination transaction, and is not intended to last more than one year.

Green Leaf Medical was founded in 2014, when cannabis was legalized in Maryland for medical purposes. The company is currently building its facility to produce flower, trim and whole plants for dispensaries and processors throughout Maryland.

Philip Goldberg, chief executive officer of Green Leaf Medical, signed the Form D, which can be found here. He serves as the president-elect of the Maryland Cannabis Industry Association and is a founding member.

The company claimed a Rule 506 (b) exemption for the filing. Companies relying on the Rule 506 exemption do not have to register their offering of securities with the SEC, but they must file a Form D electronically with the SEC after they first sell their securities.

This story is from the Maryland Business News Wire, a service of UNC-Chapel Hill’s School of Media and Journalism

Hybrent raises $1.5 million from three investors

ANNAPOLIS, MD—An inventory management software company has raised $1.5 million from three investors, according to a filing with the Securities and Exchange Commission.
Hybrent logo

Hybrent Inc. filed the Form D on March 8. The first sale occurred on March 6. The offering is not being made in connection with a business combination transaction, and is not expected to last more than one year. The minimum investment accepted from any outside investors was $250,000.

The company develops technology that aims to improve clinical and operational efficiency of health care facilities, specifically in supply chains. Hybrent’s application assists in ordering and searching distributors and manufacturers for optimal price and availability.

It serves surgery centers, physician centers, hospitals/health systems and specialty centers.

Chief Executive Officer Kenneth Tighe signed the Form D on March 8, which can be found here.

Companies relying on the Rule 506 exemption do not have to register their offering of securities with the SEC, but they must file what’s known as a Form D electronically with the SEC after they first sell their securities.

This story is from the Maryland Business News Wire, a service of UNC-Chapel Hill’s School of Media and Journalism

Potomac-based Venuetize raises $4.2 million from six investors

POTOMAC, MD —A mobile-first platform as a service company raised $4.2 million from six investors, according to filings with the Securities and Exchange Commission.  Venuetize

Venuetize LLC filed the Form Ds on Feb. 27, 2017. The first sale occurred on Feb. 13, 2017. The offering was not made in connection with a business combination transaction. The company hopes to raise an additional $1.76 million.

Venuetize develops a mobile-first, platform-as-a-service that connects personalized data, marketing analytics, content and interactive technologies to acquire, retain and monetize fan bases for sports businesses. Founded in 2014, the company creates and manages social media marketing campaigns that leverage fans’ social media channels.

It announced on Feb. 27  that it acquired the intellectual property assets of eMbience Inc., a mobile software developer with expertise in proximity marketing and targeted advertising.

Companies relying on a Reg D exemption such as click notices do not have to register their offering of securities with the SEC, but they must file what is known as a Form D electronically with the SEC after they first sell their securities.

The Form Ds can be found here and here. They were both signed by Karri Zaremba, chief operating officer of Venuetize.

This story is from the Maryland Business News Wire, a service of UNC-Chapel Hill’s School of Media and Journalism

 

Annapolis-based legal service software company raises $600,000

ANNAPOLIS, MD — A legal services software company raised $600,000 from nine investors, according to a filing with the Securities and Exchange Commission.  Click Notices logo

Click Notices Inc. filed the Form D on Feb. 24, with the first sale occurring Jan. 18. The offering was not made in connection with a business combination transaction. It is not expected to last more than one year.

Founded in 2010, Click Notices is a software-as-a-service (SaaS) provider of delinquency management services to the multifamily property management industry.

It serves as a tool for property managers to minimize delinquent rent, lower legal costs and simplify operations. It notifies customers of court rulings and if requested, assists with obtaining warrants, pursuing evictions and coordinating with sheriffs.

The company has offices in Maryland, Silicon Valley, New York City and India. It is backed by venture firms such as McCulloch Capital, Sopris Capital and Westlake Ventures.

William B. Horne, chief executive officer and director of the company, signed the Form D, which can be found here. 

Companies relying on a Reg D exemption such as Click Notices do not have to register their offering of securities with the SEC, but they must file what is known as a Form D electronically with the SEC after they first sell their securities.

This story is from the Maryland Business News Wire, a service of UNC-Chapel Hill’s School of Media and Journalism

Alex Brown Realty plans to raise $50 million

BALTIMORE, MD. — Alex Brown Realty plans to raise $50 million in an investment fund, according to a filing with the Securities and Exchange Commission.

The company filed the Form D on Feb. 9, 2017. The first sale has yet to occur, and the minimum investment accepted from outside investors is $1 million.

The offering is not intended to last more than one year, and is not being made in connection with a business combination transaction, according to the filing.

Eaton Partners will receive an estimated sales compensation of $3.25 million. This offering is one of several offering that comprise the ABR Chesapeake Fund V, which has a total target offering of $400 million.

Founded in 1972, Alex Brown Realty is privately-owned and has 31 employees. It invests in mid-sized properties throughout the U.S. that typically require an equity commitment of $5 million to $15 million and total costs between $20 million and $40 million.

The form can be found here.

This story is from the Maryland Business News Wire, a service of UNC-Chapel Hill’s School of Media and Journalism

Bethesda-based Knowledge to Practice raises $6.5 million

BETHESDA, MD — An early-stage technology startup raised $6.5 million from nine investors, according to a Securities and Exchange Commission filing.  

Knowledge to Practice filed the Form D on Feb. 1. The company hopes to raise $498,458 more, for a total of $6,993,373. The company does not intend for this offering to last more than one year, and the first sale occurred Jan. 19.

The offering was not made in connection to a business combination transaction such as a merger, acquisition or exchange offer.

Founded in 2015, the company provides postgraduate medical education through a subscription model that motivates clinicians to keep, maintain certification and to improve team-based patient centered care.

According to the company’s website, they have reached 3,564 clinicians more than 325,000 times as of Feb. 1.

Mary Ellen Beliveau, the company’s chief executive officer, signed the Form D on Feb. 1. She has been the CEO of the company since December 2013 and before that was a senior vice president and chief learning officer of the American College of Cardiology.

The Form D can be found here.

When filing a Reg D exemption, companies do not have to register their offering of securities with the SEC, but they must file a Form D electronically with the SEC after they first sell their securities.

This story is from the Maryland Business News Wire, a service of UNC-Chapel Hill’s School of Media and Journalism

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