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
Webilm julieformal kellystarbuckcom mg 5471

Business is Growing at the ILM Business Park

Julie Wilsey - Wilmington International Airport
20180514 104209 51418120638

'I Hate...'

Steve Adams - School of Learning Arts
Mc2 56882

Building Insights: 2019 Homebuilding Industry Outlook

Scott Byers - Majestic Kitchen & Bath Creations

Trending News

Proposal Revamps Wrightsville Ave. Shopping Center, Adds Apartment Amenities

Cece Nunn - Mar 22, 2019

Friends School Of Wilmington To Break Ground On Building Project

Cece Nunn - Mar 22, 2019

Economic Development Event Aims To Help Local Businesses Go Global

Jenny Callison - Mar 22, 2019

Report Shows Mixed Results For Area Counties In Improving Health

Jenny Callison - Mar 22, 2019

In The Current Issue

Hospitality Association Holding Annual Fundraiser

Wilmington Area Hospitality Association is readying for its annual charity event. WAHA’s Hospitality Olympics is slated for March 24 and wil...


Museum Hosts Event With STEM Partner Focus

The March 21 event will celebrate STEM partnerships in the Wilmington area and feature hands-on Science Salon experiences, a specialty cockt...


6 Months After Florence

It’s been six months since Hurricane Florence made landfall in the Wilmington area, and John Pike and his family are still not living in the...

Book On Business

The 2019 WilmingtonBiz: Book on Business is an annual publication showcasing the Wilmington region as a center of business.

Order Your Copy Today!


Galleries

Videos

Transporting the Future - Power Breakfast 3.12.2019
Health Care Heroes 2018
2018 WilmingtonBiz Expo - Keynote Lunch with Eric Dinenberg, Rouse Properties