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
Chadwoutersheadshot

Disaster Relief: Employers Helping Employees

Chad Wouters - Earney & Company, LLP
Geofflosee300x300 10221511305

Got Flood Insurance? Get That Proof of Loss Form in Quickly!

Geoffrey Losee - Rountree Losee LLP
Dallas headshot 300x300

Why You'll Need an Advisor Team

Dallas Romanowski - Cornerstone Business Advisors

Trending News

Blaze Pizza Set To Open Wilmington Location Next Week

Jessica Maurer - Dec 11, 2018

Pender County To Get Another Distribution Firm

Christina Haley O'Neal - Dec 13, 2018

Junction 421 Replaces Osteria Cicchetti In Monkey Junction

Cece Nunn - Dec 12, 2018

Recruiters Talk Challenges In Hiring And Retaining Tech Talent

Johanna Cano - Dec 12, 2018

'Most Intriguing' Talks Focus On Economic Projects, Inclusion Efforts

Christina Haley O'Neal - Dec 11, 2018

In The Current Issue

Top Stories No. 4: GenX Actions Take Shape

2018 Year in Review: GenX remained a widely-discussed topic in 2018, which is ending with the first proposed settlement in a legal case agai...


Top Stories No. 5: Industrial Companies Announce Investments

2018 Year in Review: New jobs and investment came to the Wilmington area or are in the works because of a series of industrial announcements...


Top Stories No. 8: Voters Usher In Party Change

2018 Year in Review: November election results left the New Hanover County Board of Commissioners with a Democratic majority, which has not...

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