Print
Technology

Concussion Management Firm Raises $205,000 In Private Equity Offering

By Meghan Siegmund, posted Nov 27, 2017

Concussion management company SportGait Inc., based in Wilmington, has raised $205,000 in a private equity offering, according to a filing this month with the Securities and Exchange Commission.

The firm raised the money from five investors.

SportGait is looking to raise an additional $695,000 to meet its goal of $900,000. The filing did not disclose what the money would be directly used for.

The company, which is an entity of LifeGait, uses its concussion management platform to provide tools and resources to identify, track and monitor concussion-related symptoms.

SportGait’s concussion management system includes three products — biokinetographs, a sideline coaches app, and a parent/athlete app.

Through SportGait’s applications, coaches and parents can determine whether an athlete’s head injuries warrant a visit to the doctor or emergency room.

The company, which was incorporated in 2015, is located in the University of North Carolina Wilmington Center for Innovation and Entrepreneurship.

The company is led by CEO Christopher Newton. According to Newton, the company is a “full concussion management system that can be used by everybody,” with the intent to “preserve the game while making it safer.”

Companies relying on a Reg D exemption do not have to register their offering of securities with the SEC, but they must file what’s known as a Form D electronically with the SEC after they first sell their securities.

This story is from the North Carolina Business News Wire, a service of the UNC-Chapel Hill School of Media and Journalism.

Ico insights

INSIGHTS

SPONSORS' CONTENT
Susan 2 april242017

Reverse Mortgage Can Be Helpful but Beware of Pitfalls

Susan Willett - Old North State Trust, LLC
Mike stonestreet 300x300

Play it Safe When Planning Summer Celebrations

Mike Stonestreet - CAMS (Community Association Management Services)
Tysonemery

Why Move to Wilmington?

Tyson Emery - KBT Realty

Trending News

On Independence Blvd., Work To Begin Soon On 254 Apartments

Cece Nunn - Jul 17, 2018

Airport Authority Selects First Female Chair, Adds New Member

Christina Haley O'Neal - Jul 17, 2018

Coastal Select Properties Grows With New Downtown Location

Johanna Cano - Jul 16, 2018

GE Hitachi Tapped By Dept. Of Energy To Lead Nuclear Tech Project

Christina Haley O'Neal - Jul 17, 2018

New Board Members Selected For WAHA

Christina Haley O'Neal - Jul 17, 2018

In The Current Issue

Pat Koballa Shifts Gears

Pat Koballa recently ended 32 years as an executive general manager with Stevenson Automotive Group to begin his new journey as an owner of...


PPD Introduces New Patient Enrollment Model

Wilmington-based PPD recently introduced a new patient enrollment model “that significantly reduces the time and cost of conducting clinical...


Hospital Offers Enhanced Recovery After Surgery

Novant Health Brunswick Medical Center recently started offering a new service for patients who have undergone colorectal surgery....

Book On Business

The 2018 WilmingtonBiz: Book on Business is an annual publication showcasing the Wilmington region as a center of business.

Order Your Copy Today!


Galleries

Videos

2018 Power Breakfast - Dishing on the Restaurant Biz
2018 WilmingtonBiz Expo - Keynote Lunch with Eric Dinenberg, Rouse Properties
2017 Health Care Heroes