A total of $179,000 was raised by AircraftLogs as part of its $1.2 million unregistered private placement. The non-brokered equity securities started to be bought by five investors one month ago. An additional $1.02 million in funding is to be raised until the offering draws to a close in June 2016. The company closed three previous unregistered private placements which raised an estimated $2.16 million.
AircraftLogs markets and develops cloud-based aviation data management systems for corporate and private aircraft. It also provides record keeping support and services to corporate flight departments.
The company is headquartered in Columbus OH. Revenues on or below $5 million were reported by AircraftLogs. The executive team includes G Douglas Stewart, Gregory W Ratcliff and V Charles Posciotta. The board of directors includes Mark Wheeler and Robert Grey Adams.
The company has raised an estimated total of $2.33 million via private unregistered security offerings.
AircraftLogs is registered under the name Stewart Ratcliff Aviation Services.
Offering recap Status: First close Company: AircraftLogs Industry: Other Technology Amount offered: $1.2 million Amount placed: $179,000 SEC filing: Source First sale: 06-29-2015 Data as of: 07-31-2015