Brilliant Light Power In $25 million Fundraising

Brilliant Light Power, Inc, inventors of the SunCell, just submitted form D announcing $25.00 million equity financing. The date of first sale was 2016-07-31. Form D disclosures could be used by competitors to track and better understand Randell Mills’ operations. The information in Form D is usually highly confidential for ventures and startups and they don’t like revealing it. It reveals amount raised or planned to be raised as well as reasons for the financing. This could help competitors. Entrepreneurs usually want to keep their financing a ‘secret’ so they can stay in stealth mode for longer.

SunCell Fuel Cell

Futuristic SunCell Prototype

 

 

Brilliant Light Power was able to finance itself with $10.30 million so far. That is 41.19% of the fundraising.  The reason for the financing was: unspecified. The fundraising still has about $14.70 million more and is not closed yet. We have to wait more to see if the offering will be fully taken.

This entry was posted in Uncategorized and tagged , , , . Bookmark the permalink.

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s