Patient Innovations is preparing for a Regulatory CF capital raise. The company transitioned from an LLC to a C Corporation, PI Cloud Tech, Inc. The new company will continue to do business under the Patient Innovations brand.
“This is an exciting time for us” noted PI CEO, Rodney Reider. “Formation of the C Corp makes it easier to raise capital. It simplifies tax preparation at year end. We appointed investment bankers Castle Placement, LLC, to launch the offering.”
Ken Greenberg, co-founder and President said, “The additional capital will help us support our distribution partners, continue further research and development, and scale the company.”
Holders of units in the Patient Innovations LLCs exchanged their units for shares in the new C Corp. This effectively merged the LLCs into the C Corp.