Trill Financial Files to Raise $250,000

2/6/17

By Elizabeth Fleischer, NC BIZ News

A Durham based financial consulting company has filed to raise $250,000 in debt, according to a filing with the Securities and Exchange Commission.

Trill Financial Inc. filed a Form D signed by Akash Ganapathi, Kook Jung, Chad Price and Eric Freedman on Feb. 6.

Of the amount the company proposes raising, $20,000 has been raised so far from one investor. The remaining amount is $230,000.

This is a new notice with the first date of sale on Jan. 22.

Trill Financial, founded in 2014, develops analytics that predict the financial market and sells software solutions that the company says outperforms the market.

None of the money will go toward executive salary, and the offering is not being made in conjunction with a business combination transaction. There is no minimum investment accepted from any outside investor.

The company claimed a Rule 506 (b) exemption for the filing. Companies relying on the Rule 506 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.

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