SirenOpt sells $19.4M in equity toward a $32.4M offering
The filing includes $7.4M in converted securities, leaves about $13M unsold and does not identify the investors.
By RuntimeWire Staff · Published
Primary source: U.S. Securities and Exchange Commission
Why it matters
SirenOpt's filing shows the capital required to turn university research into factory equipment. Its $32.4M target is almost five times the size of either previously announced venture round.
Jared O'Leary, co-founder and CEO of SirenOpt, has signed a Form D reporting that the UC Berkeley spin-out sold $19.4 million of a planned $32.4 million equity offering, giving the company a substantially larger pool of capital to push its cold-plasma measurement system from the lab onto factory lines.…
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