Form D · Telecommunications
Lightyear Network Solutions, Inc.
Louisville, KY · CIK 0001130888
Offering snapshot reported Aug 31, 2010 · SEC filing
- Reported sold
- $5M Offering amount: $7M
- Investors reported
- 125 Form D · investor count
- Minimum accepted
- $100K Reported outside-investor minimum
- First sale
- Jun 28, 2010 As reported in this filing
Fundraising history
Reported soldDates are filing dates, not cash receipt dates. Decreases are reported revisions, not evidence of withdrawals. Separate offering histories are not added together.
What changed?
Latest filing versus its linked predecessor, where available.
- Reported sold$1,523,100 → $5,000,100
- Reported investors39 → 125
Filing history
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| Filed | Filing type | Reported sold | Change vs linked filing | Investors | Source |
|---|---|---|---|---|---|
| Aug 31, 2010 | Amendment | $5,000,100 | $3,477,000vs Jul 7, 2010 | 125 | SEC filing |
| Jul 7, 2010 | Initial | $1,523,100 | No comparison | 39 | SEC filing |
| Feb 24, 2010 | Amendment | $40,000,000 | $0vs Feb 23, 2010 | 17 | SEC filing |
| Feb 23, 2010 | Initial | $40,000,000 | No comparison | 17 | SEC filing |
Offering details
- Securities
- Equity, Option to acquire
- Exemptions
- 06
- Duration over one year
- No
- Business combination
- No
- Sales commissions
- $840K (estimated)
- Finders' fees
- $0
- Form D file number
- 021-144531
Initial Offering is for $5,000,000 with the potential for oversubscriptions of up to an additional $2,000,000.
Sales commission amount assumes total offering amount is sold, including total oversubscription amount. Selling agents will also receive warrants to purchase up to 437,500 shares of Issuer's common stock.
Sales compensation recipients
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| Recipient | CRD | Associated broker-dealer |
|---|---|---|
| Laidlaw & Company (UK) Ltd. | 119037 | Laidlaw & Company (UK) Ltd. · CRD 119037 |
| Legend Securities, Inc. | 44952 | Legend Securities, Inc. · CRD 44952 |
Source: Form D, filed Aug 31, 2010. Minimum accepted may differ from a standard advertised minimum.
Fund connections
No confirmed ADV fund connection is available for this issuer.
People & organizations
Current and past Form D appearances. These existing records do not establish a person's current role or uniquely identify them across issuers.
| Name | Reported role |
|---|---|
| Randy Ammon | Executive |
| Elaine G. Bush | Executive |
| Ronald Carmicle | Director |
| Rigdon O. Dees | Director |
| Rigdon O. Dees Iii | Director |
| April L. Erickson | Director, Executive |
| John Greive | Executive |
| J. Sherman Henderson Iii | Director, Executive |
| Stephen M. Lochmueller | Executive |
| W. Brent Rice | Director |
| Chris T. Sullivan | Director |
Issuer details
Industry: Telecommunications (See others in industry)
Address:Louisville, KY, 40223