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Heatworks Technologies disclosed issuing $5 million worth of equity
XDATA - June 3rd 2016
Heatworks Technologies reported closing its $5 million private placement almost two weeks ago. All the unregistered equity securities issued were acquired by one investor. No offering was previously initiated by the company under a registration exemption with the SEC.
Heatworks Technologies designs and markets electric water heaters that leverage an innovative and patented technology that heats water unlike any other product on the market. By exciting the natural salts and minerals found in drinking water, the electric water heaters can boost the temperature of water instantly and on-demand.
Heatworks Technologies, registered in 2016, is headquartered in Sullivan's Island SC. It is led by Jeremiah M Callahan (CEO). Revenues were not disclosed.
The board of directors includes Haskell Crocker and Thomas Fitzpatrick.
Offering recap
Status: Completed
Company: Heatworks Technologies
Industry: Other Technology
Amount offered: $5 million
Amount placed: $5 million
SEC filing: Source
First sale: 05-23-2016
Data as of: 06-03-2016
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Largest Transactions by Amount Raised : HVAC Products
 Entity NameOffer Date $ SoughtDelta $ Sought$ RaisedSecurity OfferedIndustryFiling Type/
SEC Source
 LSB Industries2015-11-0950,000,00050,000,00050,000,000DebtManufacturingoriginal
 Phononic Devices2014-12-1249,999,99949,999,99944,216,992EquityOther Technologyoriginal
 ASPEQ Equity Investment2015-06-2938,300,00038,300,00038,300,000EquityOtheroriginal
 Hartland Controls Holding2014-02-1431,123,03431,123,03431,123,034EquityOtheroriginal
 Phononic Devices2014-03-2625,904,99117,404,99217,404,992EquityOther Technologyamendment
All dollar amounts are derived from filings lodged with the SEC by the company under current and previous names.
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