Medical 21

Medical 21

Growth Stage

Reshaping the Future of Cardiac Bypass Surgery

Reshaping the Future of Cardiac Bypass Surgery

Overview

Funding data not publicly available
Platform

Rialto Markets

Start Date

04/26/2022

Close Date

Not Provided

Min. Goal
$116
Max. Goal
$40,000,000
Min. Investment

$116

Security Type

Equity - Common

Series

Seed

SEC Filing Type

RegA+    Open SEC Filing

Price Per Share

$5.80

Pre-Money Valuation

$100,000,000

Year Founded

2016

Industry

Healthcare & Pharmaceuticals

Tech Sector

Medtech

Distribution Model

B2B

Margin

Medium

Capital Intensity

High

Location

Minneapolis, Minnesota

Business Type

Growth

Medical 21 is raising funds on Rialto Markets through Reg A+ crowdfunding. It is a medical technology company that is revolutionizing heart bypass surgery with an artificial graft. The graft, MAVERICS, allows the heart bypass procedure to be done without harvesting vessels from the body. MAVERICS is a small flexible tube encased in a nitinol scaffold and leads to less pain, decreased procedure and recovery time, and lower risk of complications. Dr. Manny Villafana founded Medical 21 in 2016. The current crowdfunding campaign has no minimum target and a maximum target of $40,000,000. The campaign proceeds will be used for marketing, clinical studies, scaling manufacturing capacity, and working capital.

Balance Sheet

Cash and Cash Equivalents

$3,514,121

Investment Securities

$0

Total Investments

$0

Accounts and Notes Receivable

$0

Loans

$0

Property, Plant and Equipment (PP&E)

$798,406

Property and Equipment

$0

Total Assets

$4,640,554

Accounts Payable & Accrued Liabilities

$150,306

Policy Liabilities and Accruals

$0

Deposits

$0

Long Term Debt

$0

Total Liabilities

$150,306

Total Stockholders' Equity

$4,490,248

Total Liabilities and Equity

$4,640,554

Statement of Comprehensive Income Information

Total Revenues

$0

Total Interest Income

$0

Costs & Expenses Applicable to Rev

$3,860,545

Total Interest Expenses

$0

Depreciation and Amortization

$182,622

Net Income

$-3,860,246

Earnings Per Share - Basic

$-0.21

Earnings Per Share - Diluted

$-0.21

Auditor: Assurance Dimensions
Financials as of: 04/26/2022
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Medical 21 on Rialto Markets 2022
Platform: Rialto Markets
Security Type: Equity - Common
Valuation: $100,000,000
Price per Share: $5.80

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