Infusion musings: all recent infusion 51a fund dis
Post# of 30028
In addition, for the first time, this fund sale exempted under 506C which is important because that means it was a large group of accredited investors, rather than possibly just being family or friends or just a few.
Further, in a significant upgrade, the fund address changed to the upper decks of Willis Tower in Chicago from what was prior just an apartment business suite down the road.
So April Vandermeer signs for $250k, then $1.3M from 4 investors and another round for $360k
May- Stephens signs for $4.6M from 31 investors, 25 of whom were accredited
June- Vandermeer and Stephens sign for yet to occur sale to the undisclosed accredited investor(s) for an undisclosed amount. 506c means this is greater than 35 accredited investors or we're at least post general solicitation. This is likely for the largest amount yet. And one hold up may be the requirement that Infusion verifies all those investors.
So total so far: $6.5M and rising. Remember their goal is a +$100M hedge fund
All speculation, but the stock was heading south until about June 23 and the LOI deadline. It's been sideways since, and I think now we're heading north as intentions are unveiled that funds are arranged and ready to be delivered. These friggin Knight and Citadel traders/MMs figure things out before info goes public.
Someone double check that I'm reading these disclosures right - Scott is on vacation and Jeff is busy https://disclosurequest.com/results?sortColum...amp;page=1
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