First close initiated by EmpowerMX after raising 20% of its $1 million target
XDATA - January 23rd 2017
One investor bought $200,000 worth of mezzanine securities from EmpowerMX on January 9th. According to the data disclosed, the company expects to raise a total of $1 million via this non-brokered financing. The offering has been structured to remain open until an additional $800,000 worth of securities is subscribed in full. A total of five unregistered securities offerings closed by the company raised an estimated $7.5 million.
EmpowerMX markets and develops software solutions to track aircraft maintenance requirements. The company also offers consulting and complete back-office business process outsourcing services.
The company is headquartered in Frisco TX. EmpowerMX kept its revenues undisclosed. The executive team includes Dinakara L Nagalla. The board of directors includes Barrett F Johnson, Donald E Roepke and William T Brown.
The company has raised an estimated total of $7.7 million via private unregistered security offerings.
EmpowerMX is registered under the name Fleetmx Aviation Solutions.
Offering recap Status: First close Company: EmpowerMX Industry: Computers Amount offered: $1 million Amount placed: $200,000 SEC filing: Source First sale: 01-09-2017 Data as of: 01-23-2017