Loop Data, Inc. has announced its intent to raise $12.85 million through a new offering of equity securities. This filing, made on October 21, 2026, is a strategic move aimed at enhancing the company's financial resources and potentially expanding its operations.
Loop Data, Inc. is incorporated in Delaware and operates out of Mill Valley, California. The company has been active in the market, with its most recent filing prior to this one also being a Form D submitted on July 12, 2021. As a corporation, Loop Data is categorized under the 'Other' industry group.
The filing indicates that the total offering amount is $12,850,000, with $3,100,000 already sold and $9,750,000 remaining to be raised. The offering does not involve non-accredited investors, and a total of 16 investors have already participated. The filing states that no sales commissions or finders' fees will be incurred, which could enhance the net proceeds for the company.
Thomas A. Lamar III, the Chief Executive Officer, signed the document, indicating his direct involvement in this fundraising effort. This move may affect various stakeholders, including current investors and potential new investors looking to capitalize on Loop Data's growth trajectory.
The filing does not specify what the next steps will be following this offering, leaving some uncertainty about the immediate future of the company's fundraising efforts.