San Antonio-based Aperion Biologics Files to Go Public (Silicon Hills)
Aperion Biologics website
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A San Antonio medical device company has filed papers with the SEC to raise $20 million under the federal government’s newly passed crowdfunding rules.
Under the new SEC Regulation A + rules, Aperion Biologics could raise up to $50 million. It checked the box on its registration statement for a Tier 2 filing, which includes “offering of securities of up to $50 million in a 12-month period with not more than $15 million in offers by selling security-holders that are affiliates of the issuer.”
The new SEC rules, part of the JOBS Act, seeks to simplify the process of raising money for smaller startup companies by streamlining the process and requiring less paperwork. It also allows companies to raise equity investment from non-accredited investors or the average investor.
“It does open up the public market to companies that previously couldn’t access these investments,” said David Cocke, Chief Financial Officer with Aperion.
“It’s a less burdensome process,” Cocke said. For example, it requires Aperion to provide two years of audited financial stateme...
