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$1 million unregistered debt financing and first close reported by Basic6
XDATA - August 26th 2016
Basic6 disclosed hitting the market to raise $1 million via debt issuance. $200,000 has already been subscribed by one financial backer. The non-brokered placement started one month ago. The offering will remain open until July 2017 while an additional $800,000 worth of securities is sold to investors. The company closed three previous unregistered private placements which raised an estimated $4.76 million.
Basic6 markets and develops an application (app) that allows IT professionals to use a single real-time console to manage cloud servers, data center services and microcontrollers, allowing users to manage accounts, set passwords and control Amazon Elastic Compute Cloud (EC2) features. The console maintains an audit trail of exactly which changes were made to which cloud services.
The company, headquartered in Westport CT, is led by Edward S Samson (CEO). Basic6 kept its revenues undisclosed.
The executive team includes Magnus L Wennemyr.

The company has raised an estimated total of $4.96 million via private unregistered security offerings.
Offering recap
Status: First close
Company: Basic6
Industry: Computers
Amount offered: $1 million
Amount placed: $200,000
SEC filing: Source
First sale: 07-27-2016
Data as of: 08-26-2016
Similar transactions 2015 Map: Software Category
2016-06-03 Late filer Moogsoft reports the successful completion of its equity issuance
2016-05-20 Cherwell Software filed $5.01 million in additional commitments
Change: offered +158% / raised +158% / placed 100%
2016-05-16 CloudHealth Technologies reported raising $20.05 million via private placement
2015-06-16 New investors commit to OpenPeak's financing, cap was revised upward
Change: offered +100% / raised +384% / placed 88%
2015-05-04 Know Normal reports successful placement of its mezzanine securities
Largest Transactions by Amount Raised : ITSM IT Service Management Products
 Entity NameOffer Date $ SoughtDelta $ Sought$ RaisedSecurity OfferedIndustryFiling Type/
SEC Source
 MTM Technologies2015-06-12185,048,285185,048,285185,048,285EquityOther Technologyoriginal
 SimpliVity‎2015-03-04175,000,007175,000,007175,000,007EquityOther Technologyoriginal
 OpenPeak2013-11-22108,153,181108,153,18193,153,102EquityComputersoriginal
 SimpliVity‎2013-11-1558,000,00258,000,00256,583,954EquityOther Technologyoriginal
 LiquidHub2014-03-1452,540,91752,540,91752,540,917EquityOther Technologyoriginal
All dollar amounts are derived from filings lodged with the SEC by the company under current and previous names.
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