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
Jim ellis headshot 10311631058

User-Centered Design Playbook: A Case Study

Jim Ellis - Signal
Deedeegasch 10218121741

Your Auto Policy: Review, Don’t Just Renew

Deedee Gasch - Cranfill Sumner & Hartzog LLP
Webilm julieformal kellystarbuckcom mg 5471

The Benefits of Enrolling in the TSA Precheck Program

Julie Wilsey - Wilmington International Airport

Trending News

RL Lofts Mixed-use Property Sold For $4.67M

Johanna Cano - Oct 22, 2018

Wilmington Health, Hire Scene Partner To Fill Workforce Gaps

Christina Haley O'Neal - Oct 22, 2018

In The Current Issue

Building, Rebuilding Homes After Hurricane

Homebuilders discuss labor, working with other homebuilders associations in the state and more in the wake of Hurricane Florence....


Storm Updates Flew On Social Media

Robert McIntosh, owner of Coastal Cell Phone Repair in Wilmington, made a lot more “friends” than he expected during Hurricane Florence....


Cardinal Foods’ Growth Mode

Cardinal Foods LLC has expanded a market and operations for local farmers under the leadership of Corey Barnhill, founder, president and CEO...

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