iScribes Raises $410,000 in Private Stock Offering

2/21/17

By Emily Brice, Maryland Business News Wire

iScribes, a North Carolina-based company that offers technology solutions for medical documentation, sold $410,000 in shares in a private stock offering, according to a Securities and Exchange Commission filing.

The company filed the Form D on Feb. 21 and did not disclose what is intended to do with the proceeds.

iScribes is owned and operated led by Jared and Brad Pelo, Davis Meisner and Thomas Dimmig. The company offers doctors a mobile app compatible with wearable technology to record patient visits. This enables access to medical documentation offsite through a secure portal.

Other benefits to the product include improved clinic flow, ability to see more patients, better patient connection and less time spent in the emergency room.

The company was founded in 2014 and was featured as a “Showcase Company” at the 2014 CED Tech Venture Conference.

Companies relying on a Reg D 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.

The form can be found here.

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