Form D · Other Technology

PASSPORT SYSTEMS INC

Billerica, MA · CIK 0001267174

Offering snapshot reported Apr 1, 2020 · SEC filing

Reported sold
$20.7M
Offering amount: $22M
Investors reported
26
Form D · investor count
Minimum accepted
$0
Reported outside-investor minimum
First sale
Mar 15, 2016
As reported in this filing

Fundraising history

Reported sold
Reported amount sold by Form D filing date$0$10.3M$20.7MMar 29, 2016: $3,000,000.00Mar 29, 2016Sep 29, 2016: $8,638,000.00Apr 13, 2017: $10,638,000.00Apr 13, 2017Apr 11, 2018: $14,638,000.00Apr 11, 2018Mar 5, 2019: $19,498,000.00Mar 5, 2019Apr 1, 2020: $20,683,000.00Apr 1, 2020

Dates 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$8,638,000 → $20,683,000
  • Reported investors13 → 26

Filing history

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FiledFiling typeReported soldChange vs linked filingInvestorsSource
Apr 1, 2020Amendment$20,683,000$12,045,000vs Sep 29, 201626SEC filing
Mar 5, 2019Amendment$19,498,000$4,860,000vs Apr 11, 201819SEC filing
Apr 11, 2018Amendment$14,638,000$4,000,000vs Apr 13, 201716SEC filing
Apr 13, 2017Amendment$10,638,000$2,000,000vs Sep 29, 201613SEC filing
Sep 29, 2016Amendment$8,638,000$5,638,000vs Mar 29, 201613SEC filing
Mar 29, 2016Initial$3,000,000No comparison12SEC filing
May 30, 2013Initial$20,859,556No comparison21SEC filing
Jun 11, 2012Initial$3,825,000No comparison8SEC filing
Oct 29, 2007PaperNot reportedNo comparisonNot reportedSEC filing
Jan 31, 2005PaperNot reportedNo comparisonNot reportedSEC filing

Offering details

Securities
Option to acquire, Other
Exemptions
06b
Duration over one year
No
Business combination
No
Sales commissions
$327K (estimated)
Finders' fees
$0
Form D file number
021-260140
Convertible Promissory Notes
NEF will be entitled to a cash fee equal to 6% of the amount raised from certain non-U.S. investors. The amount above is based upon participation or expected participation by non-U.S. investors to date.

Sales compensation recipients

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RecipientCRDAssociated broker-dealer
NEF LimitedNone

Source: Form D, filed Apr 1, 2020. 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.

People and organizations reported in Form D filings
NameReported role
Gordon Baty Director
William Bertozzi Director
James Costales Executive
Bruce Garcia Executive
Baty Gordon Director
Leo Guthart Director
Nicholas Harvey Director
Nick Harvey Director
Paul H Johnson Executive
Gordon Kinder Executive
Stephen Korbly Director, Executive
Steve Korbly Executive
Robert Ledoux Director, Executive
Mark Lester Director
William Mc Lendon Executive
Michael J. Powell Director
James Shields Director

Issuer details

Industry: Other Technology (See others in industry)

Address:
70 Treble Cove Road, 1st Floor
Billerica, MA, 01862