$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